Rumpel - Access Instant Liquidity from Points: What You Need to Know
Liquidity before Airdrops & TGE, Rumpel Auto-Seller, & More
Points have become the go-to bootstrapping strategy for most projects now, with many implementing it as a way to incentivize users to engage with the platform, contribute to the network, and participate in governance early on.
However, there is still the primary limitation in that these points are illiquid and untradeable. Rumpel addresses these challenges through a points tokenization protocol that brings liquidity and price discovery to off-chain loyalty points. Read more about Rumpel’s mechanics here.
Now, not only are early users able to hedge their earnings by selling points, they can also LP, buy, and leverage point loop strategies. In today’s edition, we’ll discuss Rumpel’s Auto Seller, point strategies, and more…
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Rumpel Gaining Traction
Since its inception in Q4 2024, Rumpel has amassed $23M TVL to date. Though this is a decline from December highs, it’s important to note TVL directly correlates to protocol points activity and asset deposits. These deposits are mainly on ETH, which has drawn down significantly since December.
However, point token marketcaps have remained relatively consistent, showing sustained demand for points trading. In the past 2 weeks, Rumpel points total marketcap has increased ~40% (and this has yet to reflect Ethena S4 pTokens).
Rumpel Auto Seller
Rumpel recently introduced their Auto-Seller, a passive points selling tool that enables users to realize their point yields by selling them into USDC in their Uni V3 pools every week. The Auto-Seller runs on an immutable contract where the user’s principal assets are not exposed to smart contract risks and only delegate the process of selling pTokens (point tokens).
Users can track the performance of the auto-seller on their dashboard under the ‘Mint’ tab, and easily toggle the seller on and off as they see fit. Tokens are sold into a Uni V3 LP, which Rumpel users can also provide liquidity for to earn fees and Rumpel Straws.
Rumpel Straw
Rumpel Straws are Rumpel’s native points that track how much a user has contributed to protocol growth. These can be earnt through different time periods called “Chapters”.
Users earn Straws by LPing on Rumpel’s Uni V3 pools, buying/selling points, and depositing into various supported strategies. Straw boosts are also offered on the following actions:
Referrals - 10% of referred users’ Straws
New Market - 2x Straw boost for LPing on new markets.
Protocol Size Boost - Users rewarded for contributing TVL early
Rumpel Featured Strategies
Rumpel has added multiple new leverage yield strategy vaults offering up to 60% APRs. The top-yielding vault currently is Ethena’s USDe season 4 point vault on Fluid. These points can also now be sold via the Auto Seller to realize the point yields.
On top of that, Rumpel also has 100+ other point strategy vaults from various supported protocols like Pendle, Ethena, Symbiotic and more.
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Disclosures
Alea Research is engaged in a commercial relationship with Rumpel as part of an educational initiative, and this newsletter was commissioned as part of that engagement. This content is provided for educational purposes only and does not constitute financial or investment advice. You should do your own research and only invest what you can afford to lose. Alea Research is a research platform and not an investment or financial advisor.
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