OVAULT is a liquid staking pool that allows you to participate in a collection of music deals and receive consistent rewards. We use the USDC in the pool to acquire music catalogs and provide advances to musicians. We then collect the rewards from these deals and add them back to the pool.

By staking USDC in OVAULT, you receive tokens representing your share of the liquidity pool. Every time we collect rewards from the music deals, we make a payment to the pool, and it increases the value of OVAULT. There’s no need to restake the token or withdraw rewards. As a liquid staking token, you only need to hold it to accumulate rewards.

The value of OVAULT tokens increases with each repayment, allowing you to claim a higher amount of USDC whenever you decide to unstake. Holding your OVAULT enables you to continue accumulating rewards, thereby maximizing your returns over time.

On the Opulous platform, you can find OVAULT and begin your staking journey.

By adding USDC into the staking pool you will receive OVAULT tokens that represent your exact stake in the pool.

OVAULT offers two innovative music deals to generate rewards.

Music Catalogs offer access to an expertly curated music library featuring hits by legends such as Prince, Michael Jackson, Mariah Carey, and Celine Dion, as well as contemporary global superstars like BTS.

Music Advances allow OVAULT users to earn from fixed-rate music advances given to artists. This is facilitated through our partnership with Ditto Music, an award-winning music distribution company that serves over 1 million musicians.

The liquid staking pool works in staking and unstaking cycles. While you are able to stake your USDC into OVUALT v2 at any time, unstaking follows a withdrawal queue. The withdrawal queue ensures that all participants are treated fairly, preventing new users from staking just before the distribution date and receiving an unequal share of rewards compared to those who have been staked for the entire month.

Discover inthis article how you can get involved with OVAULT.

What is ‘APY’?

The Annual Percentage Yield (APY) is a metric that reflects the real rate of return earned on a stake over a year, considering the effect of compounding interest. Unlike simple interest, which is calculated only on the principal amount, APY includes interest on the interest that accumulates over time.

What is ‘Total Staked’?

‘Total Staked’ represents the total amount of USDC (a stablecoin pegged to the US dollar) currently staked in OVAULT at any given time. This value is dynamic and real-time updates as users interact with the OVAULT platform.

What is 'Available Liquidity’?

‘Available Liquidity’ refers to the amount of USDC that is readily available for users to withdraw or unstake from the platform. This metric aims to allow users to see how much liquidity is accessible for immediate withdrawal, ensuring upkeep of our commitment to transparency.

What is ‘Utilization Rate’?

The ‘Utilization Rate’ shows the percentage difference between ‘Total Staked’ and ‘Available Liquidity’. It showcases the percentage of the OVAULT pool currently used to fund music deals.

OVAULT Token: 0x6a214298e6F8605F6aB52913E4fC4A02Ce66D33A

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.