Turning Points Into Profits ($)

Sponsor: Unichain — Faster swaps. Lower fees. Deeper liquidity. Explore Unichain on web and wallet.

1. 🦅 SEC Chair Atkins Unveils 'Project Crypto'. The commission is ready to go all-in on bringing TradFi markets onchain. Wait, what?
2. 👩‍⚖️ U.S. Appeals Court Overturns OpenSea Insider Trading Conviction. Former OpenSea exec Nate Chastain's convictions for wire fraud and money laundering have been overturned.
3. 🤑 Tether Reports $4.9 Billion Q2 Net Profit. The stablecoin giant posted monster profits as it readies new strategies for a post-GENIUS U.S. market.

	Crypto $3.81T	↘ 0.5%	↘ 0.3%
	BTC $116,602	↘ 0.5%	↘ 1.9%
	ETH $3,732	↘ 1.1%	↘ 0.1%

Market Plays:

• 🐮 Swapping crosschain on CoW Swap
• 📈 Trying Token Screener on GeckoTerminal
• ♨️ Exploring zAMM’s new zCurve coins
• 💸 Depositing $sBOLD to Euler

Hot Reads:

• 💰 Benchmark Rates for DeFi - Aave Labs
• 🏦 The Stablecoin Neobank Opportunity - Social Graph Ventures
• 📢 How to Talk About Your Crypto Product - Mac Budkowski
• 🎨 The New Economic Stack for Creators - limone.eth

Farming Opps:

• 🟠 BTC: 6% APR with Aerodrome’s cbBTC-LBTC pool on Base
• 🟠 BTC: 3.5% APY with Pendle’s eBTC PT on Berachain
• 🔵 ETH: 12% APR with Aerodrome’s wstETH-wrsETH pool on Base
• 🔵 ETH: 10% APY with Euler’s Swaap Lend WETH vault on Ethereum
• 🟢 USD: 10.5% APY with Morpho’s Yearn USDC vault on Ethereum
• 🟢 USD: 8% APY with Euler’s USDC vault on Base

Airdrop Hunter:

• 🎀 Succint: Register for airdrop
• 💻 Eth OS: Earn AIR token points
• 👾 Unite: $UNITE claims open
• 💎 Sonic: Sonic Gems live

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.

Unichain offers the most liquid Uniswap v4 deployment on any L2 – giving you better prices, less slippage, and smoother swaps on top trading pairs. All on a fast, low-cost, and fully transparent network. Start swapping on Unichain today.