• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Rumpel Labs Announces DeFi Protocol for Tokenizing Airdrop Points

user avatar

by Giorgi Kostiuk

a year ago

  1. Goal and Support
  2. Issues with Existing Airdrop Model
  3. Rumpel's New Approach


    4. In September, Rumpel Labs will launch a new DeFi protocol aimed at tokenizing and trading airdrop points.

    Goal and Support

    The Rumpel Labs protocol is backed by venture capital firms including Dragonfly and Variant, aiming to improve liquidity and price discovery for offchain loyalty points, creating new opportunities for point holders, traders, airdrop hunters, and point issuers.

    Issues with Existing Airdrop Model

    The existing airdrop model is plagued by token underperformance and contention over arbitrary payouts. This results in returns that are significantly lower than users' expectations. Some users feel they are 'late to a points program' or 'uncomfortable exposing their capital' to smart contract risks.

    Rumpel's New Approach

    Rumpel offers a solution by allowing each earned point to be ‘wrapped’ into a Rumpel Point Token via a specialized wallet. This allows points to be bought and sold, providing transparency around their tangible value.

    Rumpel Labs' new protocol promises to address existing airdrop issues and improve liquidity and price discovery for loyalty points.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Shows Moderate Resilience Despite Recent Market Volatility

chest

Bitcoin has shown moderate resilience, climbing over 16% to trade around $70,000, despite significant losses in the past week and month.

user avatarAndrew Smith

US Snowstorm Leads to Major Decline in Bitcoin Hashrate

chest

A recent snowstorm in the US has caused a significant drop in the Bitcoin Hashrate, with American miners reducing their electricity consumption to ease pressure on the power grid.

user avatarAyman Ben Youssef

Analyst Discusses Changes in Crypto Market Cycles

chest

Analyst Altcoin Sherpa discusses the evolving cycles of the cryptocurrency market, highlighting a shift to hyper-accelerated trends and advising investors to capitalize on shorter rallies.

user avatarTando Nkube

Bitget CEO Predicts Growth in Real-World Asset Sector

chest

Gracy Chen, CEO of Bitget, predicts significant growth in the Real-World Asset sector by 2030, while expressing skepticism about the future of altcoin seasons.

user avatarJacob Williams

Emerging Inverted Altcoin Season Observed

chest

Market analyst Ali Martinez indicates a new 'inverted altcoin season' in the cryptocurrency market, marked by structural breakdowns of altcoins instead of traditional rallies.

user avatarZainab Kamara

Bitcoin Mining Difficulty Expected to Drop by 13% Due to Hashrate Disruption

chest

Bitcoin mining Difficulty is expected to decrease by 13% on February 6th due to disruptions from a recent snowstorm in the US.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.