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chore: readme verbiage tweaks
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jparklev committed Apr 18, 2024
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# Point Tokenization Vault

Deposit points-earning tokens into the vault. Collect tokenized versions of your points distributed at some cadence. These tokens can be traded or used in DeFi. Withdraw your points-earning tokens whenever you want and resume earning normal illiquid points.
Deposit points-earning tokens into the vault. Collect tokenized versions of your points, distributed at some cadence. These tokens can be traded or used in DeFi. Withdraw your points-earning tokens whenever you want and resume earning normal, illiquid points.

These contracts are only a piece of a larger decentralized system that will allow users to tokenize their points. Here is a UMD for the entire system:
These contracts are only a piece of a larger decentralized system that will allow users to tokenize their points. Here is a UMD of the entire system:

<img src="./assets/point-tokenization-system.png" width="500" height="500">

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### On The Off-Chain Dependencies

- The vault is highly dependent on trusted actors – namely, the merkle updator and the admin
- The trusted actors will slowly be replaced by a stake-validated network (e.g. an [Eigen AVS](https://docs.eigenlayer.xyz/eigenlayer/overview/key-terms))
- In the merkle root lies the universe, if you look closely enough
- The trusted actors will slowly be replaced by a stake-validated network (e.g. an [Eigen AVS Oracle](https://docs.eigenlayer.xyz/eigenlayer/overview/key-terms))
- If you wish to make a merkle root from scratch, you must first

### Redemption Rights

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