Outrun is a leading DeFi solution, dedicated to pioneering the next generation of decentralized finance and the Web3 industry, empowering users with control over their assets. Currently, Outrun ecosystem consists of four modules: Outstake, Outswap, FFLaunch and Memeverse.

Detailed documentation: https://outrun.gitbook.io/doc

Outstake is a protocol entirely built around native yield tokens, introducing the first non-USD stablecoin model tied to native yield rates. Compared to other yield token protocols in the market, such as Pendle, Outstake offers greater flexibility, enhanced composability, and provides higher returns along with multiple sources of income. The assets supported by Outstake form the foundational support for the Outrun ecosystem, providing a stable base for the entire system. Specifically, Outstake operates as follows:

• A New Staking Model Based on Native Yield Tokens: Outstake adopts a unique design that allows users to control the native yield generated by their assets. Through Outstake, users can mint Principal Tokens (PT) by staking their assets, thereby unlocking liquidity for their staked assets and utilizing these tokens across a range of DeFi applications.
• Native Yield Stablecoin (YT): The value of the native yield stablecoin is directly tied to the native yield rate. The economic model built around it offers stakers higher income and multiple sources of revenue. It is highly composable, allowing developers to create new products around it, thereby enriching the Outrun ecosystem.
• Universal asset principal token (PT): The universal asset principal token is obtained by staking the native yields tokens of the same native asset type (such as Stone, stETH, rETH, etc.). Staking native yield tokens of the same native asset type will mint the same universal asset principal token. This allows for liquidity sharing among different native yield tokens of the same asset type, enhancing the composability of PT and reducing the difficulty of liquidity accumulation for native yield tokens.
• Position Option Tokens(POT): These option tokens represent the right to redeem the native yield token at the end of its lock-up period. This option allows users to trade for a fixed interest rate without trading the PT itself, thereby enhancing capital efficiency.

Outswap's first version, known as Outrun AMM, is built on classic AMM and includes several innovative improvements. The main features are as follows:

• Capture Native Yield (Blast L2 Only): On Blast L2, the Outrun AMM introduces orETH(SY) and orUSD(SY) as wrapper tokens for Blast ETH and USDB in trading pairs. This design allows Outstake to capture the native yield generated by the Outrun AMM, enhancing the native yield accumulated by Outstake.
• Separation of Liquidity and Market-Making Fees: Outrun AMM improves the management of market-making fees by separating liquidity from fee collection. This allows users to collect fees without removing liquidity, providing greater flexibility and convenience for liquidity providers.
• New Fee Tiers: All classic AMM pools have a fixed swap fee of 0.3%, which results in a lack of flexibility for LPs (liquidity providers) who cannot seek different fee structures based on the assets they provide to the exchange. Outrun AMM will introduce new fee tiers for pool creators, allowing them to build different trading pools for various types of assets when launching pools on Outrun AMM.
• Referral Commission Engine: Outrun AMM is currently the only automated market maker on the market integrated with a referral commission engine. We have redesigned the underlying code and opened the referral commission engine to everyone, thereby increasing the composability of the protocol. The rewards for the referral bonus come from the protocol fees and do not harm the interests of LPs. At the same time, this attracts more transactions, bringing higher income to LPs.

FFLaunch is the first "Risk-Free" LaunchPad that adheres to fair and free launch standards. Investors can acquire tokens by staking and locking native yield tokens. The PT generated from staking these native yield tokens will be paired with a reserved portion of tokens in the contract to provide liquidity on the Outrun AMM. The liquidity provider (LP) tokens will be locked for a certain period, and corresponding tradable liquidity proof tokens are minted. Project teams can raise funds from liquidity provider fees during the locking period.Once the lock period expires, investors can withdraw their locked LP which consist of their PT and the reserved tokens by burning the liquidity proof tokens (or sell them earlier if preferred). This effectively allows users to obtain these tokens for free while continuously participating in the overall liquidity-building process of the project. FFLaunch provides an open interface to support custom launch logic that does not violate fairness and free principles. This model is more equitable and investor-friendly, while enabling project teams to raise sufficient funds.

As an Investor Participating in FFLaunch

• Free Tokens: Investors can mint tokens by staking Native Yield Token, without needing to purchase tokens directly, making the acquisition cost extremely low, effectively getting tokens for free.
• Low-Risk Returns: Investors' staked funds can be redeemed after the lock-up period, meaning that even if the project fails, investors can reclaim most of their initial investment, achieving very low-risk returns.
• Preventing Front-Running and Dumping: During the liquidity lock-up period, new tokens cannot be minted or released, preventing the project team from using initial users as exit liquidity.
• Continuous Earnings: During the lock-up period, staked Native Yield Token will generate native yields, distributed in the form of YieldToken(YT), providing investors with additional earnings.
• Rug Pull Prevention: The FFLaunch model prevents project teams from absconding with raised funds, ensuring fairer token distribution and protecting investors' rights.
• Tradeable Liquidity Proof: Investors mint tradeable liquidity proof tokens when they lock liquidity. They can trade these tokens at any time, thereby managing their risk while their liquidity remains locked.

As a Project Team Participating in FFLaunch

• Fair Fundraising: By providing liquidity and a lock-up mechanism, project teams can ensure that the funds raised are more equitable and transparent.
• Continuous Fund Flow: Project teams can receive ongoing funding support from transaction fees generated during the LP lock-up period, incentivizing them to continuously improve and maintain the project.
• Enhanced Market Liquidity: Since tokens are obtained for free, more users are attracted to participate, increasing the depth of the liquidity pool and enhancing market liquidity.
• Market Attention: FFLaunch offers an innovative issuance model that can attract more market attention, especially from investors who are skeptical of traditional ICO/IDO models.
• Flexibility and Innovation: Project teams can use ITokenGenerator interface (subject to review) to customize their launch logic, meeting specific needs and enhancing the project's uniqueness and appeal.
• User Stickiness: Since investors hold shares of the liquidity locked during the FFLaunch genesis period, each genesis user is considered a shareholder during the liquidity lock period. This ensures that users continuously monitor their investments and potentially provide exposure opportunities for the project, significantly reducing operational obstacles for the project's cold start.
• Meme-Based Operations: Given the Memecoin attributes of FFLaunch tokens, project teams can engage with and communicate with users in unique ways through meme-based operations.

Memeverse is a Memecoin launchpad built on the concept of FFLaunch. Unlike FFLaunch, Memeverse has no entry barriers and removes the customizable token generator interface. It uses a universal token template to create Memecoins, allowing users to complete all deployments with a one-click process using our website UI, without requiring any programming knowledge. Memecoin creators can receive ongoing transaction fee income and gas refunds to support the operation and development of practical features within the Memecoin community.

Currently, there are many Memecoins launch methods in the market, but these methods are quite primitive and lack innovation. They also face significant risks, such as insider trading (Some platforms even promote “immediate purchase within the same transaction as the token issuance” as a major selling point.), Rug Pulls, and a strong element of gambling, without creating any new value. Compared to its competitors in the market, Memeverse offers the following advantages:

• Unique Symbol Ensures Scarcity: Each Memecoin's symbol in Memeverse is unique, ensuring naming scarcity. This helps Memecoins (especially those created for news-driven trading) to have stronger recognition and appeal in the market.
• FFLaunch Style Launch: Memeverse launches through FFLaunch to avoid common risks such as fraud, insider trading, and rug pulls in traditional Memecoin issuance. This method ensures that all participants start on an equal footing, reducing their risk and providing a relatively safe way to participate.
• Capturing Staking Rewards from Outstake: Memeverse allows users to earn native staking yields generated by Outstake through minting Memecoin, which enhances capital efficiency. This enables investors to participate in Memecoin activities while also engaging in DeFi staking. This mechanism not only attracts novice investors to DeFi but also brings more potential users to the DeFi ecosystem.
• Continuous Financial Support and Gas Fee Refund Returns: Memecoin creators can receive ongoing financial support from trading fees generated by locked liquidity and enjoy a rebate of all gas fees incurred on that Memecoin (Only Blast L2). These forms of revenue provide economic support and incentives for the continued operation of the Memecoin community or for developing utility functions for Memecoin.
• Memeverse Referral Service: Memeverse allows users to generate one-click direct referral links for Memecoin. Clicking the link will take users directly to the Memecoin details page. When the referred users trade using the link, the referrer will receive a commission from the protocol fees.
• Memeverse Reserve Fund: The Memeverse Reserve Fund can provide price support, and anyone can use the funds in the reserve fund. Additionally, during continuous repurchases, a portion of Memecoin will be permanently destroyed, and the reserve fund will continuously grow in size when Memecoin is sold.
• PPP Low-Risk Attracts More Capital Participation: Compared to the prevalent high PVP sentiment in the current Memecoin market, participating in the Memeverse genesis involves lower risk. Due to the features of FFLaunch and the presence of reserve funds, even in the almost impossible extreme scenarios, investors can retain most of their investment, and this predictability in mathematics eliminates uncertain risks. This low-risk characteristic attracts capital with lower risk tolerance to invest in Memecoin, providing more abundant liquidity for Memecoin issued through Memeverse. This lays a solid foundation for the development of Memecoin.
• Community Support and Viral Spread from Genesis Users: Every participant in the Memecoin genesis launch becomes a strong advocate for the Memecoin community. They not only hold tokens but also possess liquidity shares locked during the genesis period, making them shareholders during this time. This fundamental drive encourages them to promote the Memecoin they participated in during the liquidity locking period. This mechanism helps reduce operational barriers during the Memecoin community's cold start phase and promotes rapid viral adoption.

In summary, Memeverse provides innovative issuance methods, staking reward mechanisms, economic support measures, and community-driven forces, offering new perspectives and solutions for Memecoin development. These advantages not only enhance the market competitiveness of Memecoins but also have the potential to drive the entire industry towards greater transparency, security, and sustainability.

These products are not independent of each other, they complement and closely intertwine in functionality, linking liquidity staking derivatives, decentralized exchanges, next-generation token financing methods, and Memecoins. Through their design and interoperability, they construct a complete closed-loop Outrun ecosystem, providing users with diverse DeFi and Web3 experiences.