if you have the forbidden knowledge, its obvious to see the 'prince' as [R E D A C T E D] at first, since cover corp officially announced that they "do not interfere with the talents lives", so its safe to say she can do it as long as its only implied since otherwise it can still damage her reputation because humans.

but if you change the roles, with fauna being the prince, and the viewer (maybe gachikoi in this case) as the one singing it makes more sense

'come sing with me, and dance in a little circle'
is the entertainment she offers in her streams (karaokes and such). in a sense, we are inviting her to do these stuff because these appeals to the target audience is what i can think of

'dozing off in the evergreen trees'
means the short escapism spent while watching her

'high up in the tower - this is for you, my prince'
symolizes the reasons why a parasocial relationship is unhealthy: the high tower that separates you both; things like how you dont know each other irl, that you are supposed to be content creator and viewer, and that [R E D A C T E D], but since its a dream, most people tend to not notice these details

'It's just a fairy tale'

'hey, please, let mestay here... '

'Ring-a-ringo'roses, fa-la-la
Round and round, fa-la-la-la
Flying up and down, fa-la-la
I wanna stay here forever'
...yeah

'But it was just my dream
The golden sunlight shows it's time to wake up'
is the you 'waking up' from your dream, that is, waking up to reality.