Opulous Finance is the flagship of the Opulous ecosystem and allows you to stake your assets in liquidity pools while retaining the flexibility to access them when needed through the principle of Liquid Staking. Unlike traditional staking, where your assets are locked up, liquid staking allows easy entry or exit positions.
With your tokens being liquid, you can use these to participate in newly available functions like yield farming, providing liquidity on decentralized exchanges, and using them as collateral on DeFi platforms with our partners.
The Product
The first Opulous Finance product is OVAULT, a liquid staking pool powered by real-world assets. The pool significantly improves user interaction with RWAs on the Opulous platform.
By staking USDC you can participate in this very first innovative pool.
Find out more about OVAULT in this article:
By staking USDC you receive liquidity tokens (OVAULT) representing your stake. With each repayment cycle, the value of your liquidity tokens appreciates. This increase is directly tied to the earnings collected from music assets, converted into USDC, and distributed back into the pool. The longer you hold your tokens, the greater your return becomes, mirroring the ongoing success of the music assets.
If you want to exit your position and unstake your USDC, you can join the unstaking queue. This system operates on a first-come, first-served basis, ensuring fairness and transparency.
Your position in the queue dictates when you can unstake. As repayments are distributed, those in the queue can claim their portion according to the schedule. This guarantees an orderly and equitable distribution of rewards.
For those seeking immediate liquidity, the option to trade your liquidity tokens on secondary markets will be available. This feature adds flexibility to your stake, allowing you to liquidate your positions outside the structured unstaking queue process.
The backbone of Opulous Finance consists of three meticulously crafted smart contracts using liquid staking derivatives: the Staking Contract, the Unstaking Contract, and the Token Contract.
Each serves a distinct yet interlinked purpose, forming a seamless operational triad.
Staking Contract: This is where the magic starts. Users stake USDC to participate in funding rounds, receiving liquid staking tokens in return. This contract meticulously manages staking rounds, ensuring secure and efficient operations.
Unstaking Contract: Focused on the outflow, this contract enables users to unstake their stakes and rewards, integrating a systematic queuing mechanism to manage user unstaking in an orderly fashion.
Token Contract: Liquid staking tokens, pivotal to the platform’s ecosystem, are created and managed here, ensuring the integrity and utility of this native token.
You can find Opulous Finance on the website by checking the Finance menu at the top of the screen and selecting your product of choice.
Do You Still Need Help?
Let us know by joining the official Opulous Telegram Community 👉 here.
If you're still having any issues with any of the above steps, please contact us on a chat function here 👉 Opulous Chat. You can find the chat button in the bottom right. Make sure you share as much information about your issue as you can so the support team can help you quicker.
Alternatively, you can contact support by emailing support@opulous.org.