Quite innovative approach by @RumpelLabs to solve the 'points are worthless until token launch' problem

CN
11 hours ago

Quite innovative approach by @RumpelLabs to solve the 'points are worthless until token launch' problem.

They tokenize points into ERC-20s that trade on Uniswap.

So if you farm Ethena, EtherFi, or any other point system, you can mint those points as tokens, sell some, LP them, or just hold in your wallet.

The only 'trick' as a user you need to do is create a modified Safe-multisig wallet via their UI.

I think that's the part that whales could get worried the most. But their Rumpel Guard limit wallets actions to specific functions.

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How it works (Ethena's USDe as example):

- Create Rumpel wallet → Deposit USDe

- Connect Rumpel Wallet to the farm you want (Ethena/Pendle/Fluid) via WalletConnect

- Earn Straw when you deposit into supported strategies, LPing point tokens, or holding wallet

- Buyers of point tokens can also earn Straw (Rumple points)

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Wish I found them earlier and even more I wish they had launched earlier in the points meta.

WhalesMarket was good but the lack of liquidity limited growth.

But being backed by @dragonfly_xyz gives them credibility.

And Straw itself will mean their own token. So 2x the rewards.

Start by using my invitation: https://app.rumpel.xyz/?ref=RRGFE4

Note: It's not sponsored post so plsss use my ref :)


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