Decentralised Finance

Learn how Node Holders Participate in Decentralized Finance

Artists can apply for a loan using their tokenized copyright as a collateral to finance their tours, merchandise, or creative endeavours on MeMusic. After a screening process of verifying the underlying asset for collateral, a decentralised voting process will take place to list the asset in MeMusic's liquid market. Governance, however, is done through a delegated process with nodes to ensure simplicity and frictionless experience.

Delegated Voting Power

When MeMusic tokens are staked within a platform, the token will represent a voting power that can dictate decentralised decisions such as listing assets to the liquid market. However, for the convenience of users, the user can delegate their voting power to Station Nodes. When the governance process begins for listing an asset on the market, Nodes will then participate in the voting process.

Selecting a Node for Votes

There could be up to 30,000 active nodes in the MeMusic ecosystem. However, not all nodes will have the equal voting power as different nodes will have different voting powers based on the users' delegation. Nodes will Nodes can provide benefits for the stakers such as sharing referral rewards or airdrop rewards. can you choose a node for voting? No

Proposals & Exclusivity for Delegating Stakers

Nodes can also propose to have certain assets be exclusively available for its stakers instead of having it publicly available for the listing market after meeting various requirements*.