Opulous Updates: Introducing DeFi Pools

In our final #progressweek update, we’re taking another big step toward bringing our vision to life: We’re bringing DeFi to Opulous. We’re very proud to offer the prototype of music-copyright-backed NFT LPs (lending pools). At Opulous, we’re full of firsts — and we wouldn’t have it any other way.

Recently, we introduced you to our upcoming dashboard and the S-NFT claiming process. We also walked you through our upcoming music royalties platform and unfurled our plans for Opulous artwork generative NFTs.

Next, we’d like to share our biggest news yet: we’re going full DeFi in the upcoming months!

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.

  1. 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

What’s Next?

We’ve enjoyed sharing our incredible #progressweek with everyone!

The Opulous dashboard will be available later this month, and royalty payments are coming in April. We’re excited to get all of this out to you!

Over the next few weeks and months, we’ll be rolling out our exciting new features to Opulous users. However, it’s you, our community, who will bring our entire ecosystem to life.

If you’d like to be part of the movement, keep a close eye on all our socials as we announce more big developments — and how you can participate — in the upcoming weeks! (TIP: activate notifications for anything posted by Opulous).

Like this post? Feel free to share it!

--

--

--

Opulous offers music copyright NFTs and DeFi loans for musicians and have fans invest in them.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

2020 Albums

Re-Imagining Pete Tong (CIM400.2 Published Deliverable)

Live v Music — The Pizza Plays Story 1–1

What If Classic Rock Had To Be Politically Correct?

Rob’s Album Of The Week: Viagra Boys’ Welfare Jazz

Silent Disco at HubWeek 2017, Boston

Disco

You Must Believe In Spring

Stapleford Abbotts How To Employ A Fantastic Covers Band

Stapleford Abbotts weddings music

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Opulous

Opulous

Opulous offers music copyright NFTs and DeFi loans for musicians and have fans invest in them.

More from Medium

New DEX listing: Introducing XCAD x Opulous

Weekly Pulse: March 11, 2022

Lattice Exchange launches Token Events’ $FAN token — bringing the evolution of events with…

January 26th, 2022, Ecosystem Updates for SORA, Polkaswap, and Fearless Wallet