Monetizing Points Mania with Rumpel

In the evolving world of DeFi, liquidity remains the constant king.

Rumpel is weaving gold from one of the space’s most overlooked commodities: illiquid crypto deposits. Originally launched on Ethereum, the protocol has experienced significant success throughout July off the back of its Hyperliquid deployment, which has captivated DeFi audiences with the novel premise of monetizing previously valueless points on crypto’s hottest blockchains.

Create value from thin air while simultaneously earning points that could position you to receive a future Rumpel airdrop.

Here’s all you need to know to get involved with Rumpel mania. 👇

🧐 What is Rumpel?

TVL: $83.8M
Website | Twitter

Rumpel is a point tokenization protocol that provides secondary market liquidity and price discovery for offchain loyalty points, unlocking new opportunities for point holders, traders, airdrop hunters, and point issuers.

Initially developed on the Ethereum network with a recent extension to Hyperliquid, Rumpel enables holders of rewards-bearing assets to deposit their tokens into a segregated “Rumpel Wallet,” a one-of-one multisig wallet that accrues points exposure.

This unique deposit address associated with the multisig can be used to mint fungible tokens, which can be directly monetized via selling or used to earn yield by providing liquidity.

Although Rumpel fell out of favor among yield speculators shortly after rising to prominence in late 2024, the protocol has experienced immense success during the month of July. Total value locked has swelled to new all-time highs of $83.8M.

Rumpel’s Hyperliquid deployment contained only $10.2M of TVL at the time of writing, yet the launch of these markets appears to have thrust Rumpel once again into the spotlight as a premier DeFi opportunity for crypto users to transform illiquid crypto points and yield into valuable assets.

The recent explosion of Rumpel deposits may have been catalyzed by the Hyperliquid launch, but this points protocol has experienced upward-trending growth since mid-May, when traders first began leveraging up in anticipation of the rally that has come throughout the summer, providing dividends for DeFi points opportunities and looped yield strategies.

Not only can Rumpel be utilized to trade pre-airdrop points opportunities, it also serves as a trading application for looped yield positions with Fluid, Contango, and Euler. Additionally, Pendle yield token (YT) holders can deposit their assets to Rumpel and trade accrued points exposure prior to airdrop.

🪙 How to Interact?

Rumpel has a points program that rewards asset depositors and users who provide liquidity for its points with “Straw.” Although no specifics are provided about the program, these points can be expected to convert into a liquid token at a future date.

Engage with the quests below to begin earning Rumpel Straw, and toggle between Ethereum and Hyperliquid using the network selector in the upper right corner to choose which opportunities you want to view!

Additionally, Rumpel users can complete “Raffel” quests (found by clicking on the Rumpel Straw icon in the upper right corner) to earn entries to receive bonus Straw for that season’s rewards program.

1. [quest 723 “Create Rumpel Account”]
2. [quest 769 “Refer Others to Rumpel”]
3. [quest 765 “Deposit Assets to Rumpel”]
4. [quest 767 “Mint Points with Rumpel”]
5. [quest 768 “Provide Liquidity on Rumpel Points”]
6. [quest 766 “Trade Rumpel Points”]