• 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

MEXC Launches Zero Commission Stock Futures Trading

chest

MEXC has launched stock futures trading with zero commission fees, allowing users to trade futures contracts on major US-listed companies without broker fees.

user avatarAyman Ben Youssef

Solaxy SOLX: Addressing Solana's Congestion Issues

chest

Solaxy offers a Layer 2 solution to manage network congestion on Solana, ensuring continued high-speed transactions.

user avatarTando Nkube

Mind of Pepe MIND: Merging AI with Meme Culture

chest

Mind of Pepe combines meme coin energy with AI trading tools, offering unique advantages to retail traders.

user avatarKofi Adjeman

Fleet Mining Introduces Innovative AI Cloud Mining Platform

chest

Fleet Mining has launched a new AI-based cloud mining platform that allows users to earn passive income without the need for physical mining hardware.

user avatarJesper Sørensen

Fleet Mining Users Enjoy Daily Rewards from Cloud Mining

chest

Fleet Mining users can receive daily mining rewards based on their hashrate contracts.

user avatarNguyen Van Long

Investors Push for Amazon to Review AI and Cloud Practices

chest

Shareholders are urging Amazon to review its AI and cloud contracts with military and government agencies due to concerns about alignment with responsible AI policies.

user avatarSatoshi Nakamura

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.