We’re excited to announce that Rumpel is now live on Ethereum Mainnet with liquid Ethena, Symbiotic, Zircuit, and Karak points! Read on for details on getting Early Access and Rumpel Straw 🌾 .
Join us and start turning points into profits!
Origin Story
Rumpel is a pure point tokenization protocol, one that directly tokenizes each point. We started Rumpel because we wanted to sell our points before an airdrop. None existed with the UX we wanted, so we built it ourselves.
Rumpel enables secondary market liquidity and price discovery for offchain loyalty points, unlocking new opportunities for everyone.
Users get point liquidity and access to new high-octane markets, and projects keep the flexibility of their point programs.
We have experience launching and contributing to DeFi protocols, such as Sense Protocol, MakerDAO (now Sky Protocol), and Aave, and are backed by Dragonfly, Variant, Nascent, and Bain Cap Ventures, among others.
Liquid Point Token Markets
Out of the gate, Rumpel supports some of the largest, most demanded points on Ethereum:
These points are wrapped into Point Tokens, in lots of 1000, and are dubbed kilo point tokens, or kpTokens. Point farmers who earn points through whitelisted strategies on Rumpel can mint and sell them as they accrue.
Users are earning up to 9.8% of real yield by tokenizing & selling their points, all without principal capital lockups. Just imagine the yields when Rumpel tokenizes all point streams.
Right now, point traders can buy/sell these points on the following designated 1% fee Uniswap v3 pools:
On day one, these Uniswap pools are already some of the largest liquid single-point marketplaces, with ~$140k of tight, buy-side liquidity in each market.
Airdrop hunters who hold point tokens until the airdrop announcement can redeem them for their reward payout, subject to any vesting requirements.
Zero Protocol Fees
While there’s a protocol fee switch on minting and burning point tokens, there will be zero protocol fees at launch and for the foreseeable future. If Rumpel decides to enable this fee, it will notify its users well in advance.
Rumpel Straw & Early Access
We recently unveiled Rumpel Straw 🌾, our native point, and can’t wait for our earliest users to earn the first batch of rewards. Ending Dec 1st, we’ve designed Chapter 1 to be short, effective, and generous. To earn straw, just tokenize points on Rumpel, provide liquidity in one of the Uni pools, or engage with our socials on Galxe.
If you’re a previous user of a secondary points marketplace, such as KelpDAO’s KEP market, Whales market, or points markets on Pendle, we’re awarding an extra straw reward if you use Rumpel and earn straw by Oct 1st (~2 weeks). Check out the blog post for the full list & claim the reward before it’s gone!
Only Point Farmers with Early Access can access the Rumpel Portal and begin earning straw. To get Early Access, follow us on Twitter/X and RT our pinned tweet for a chance to get early access. We’re DMing 20 random accounts an early access code in 24 hours.
Finally, learn more on our Website and Docs, and engage with the community on our Discord.
See you in the new world of liquid points.