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Opulous Updates: Introducing DeFi Pools

When Staking?

Keeping our lips sealed was incredibly tough, but we’re delighted to share that staking is coming to Opulous in Q2 of this year! So naturally, this is a pretty big moment for both our team and the Opulous community, and we can’t wait to divulge all the details so let’s jump right in.

How it works

We will offer three core staking features in the Opulous DeFi ecosystem. That means three ways to earn passive income while supporting the music industry and the phenomenal talent within it.

The Opulous Pool (Q2 2022)

By depositing OPUL tokens into our staking pool, you will receive generous APYs along with exclusive rewards and giveaways. You already know we like to make a splash when it comes to Opulous giveaways, and we’re really just getting started. This is your chance to get in on all the action.

Highlights:

Deposit OPUL into our pool Receive a generous APY Earn exciting rewards and special access to our S-NFT sales

2. The Opulous Music Fund (Q2 2022)

The pool is hand-curated by the Opulous team and centers around music copyright acquisitions. We acquire the best music catalog assets from the top artists worldwide. Then, whenever their music is streamed, purchased, or used in film and TV, it earns music royalties. The royalties from the assets we acquire are then distributed to the music fund pool members.

Highlights:

Deposit USDC into the fund Opulous acquires music copyright assets Opulous distributes music royalties to pool members

3. Opulous Music Loans (Q3 2022)

At Opulous, we use future music royalty earnings as collateral to offer loans to musicians and creators. Now, for the first time, artists can use their future copyright earnings as a guarantee to take out loans from our bespoke music loans pool.

Highlights:

Deposit USDC Musicians use their potential copyright income as collateral to take out loans Investors get paid back through musicians’ music royalties ...
Go to opulous.medium.com
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