�
Outrun: Sustainable DeFi and Memecoin Ecosystem
OutSwap
OutStake
01
02
目 录
Memeverse
FFLaunch
03
04
Milestone
Targets Audience
05
06
Modular Architecture Diagram
Innovative Yield Tokenization Engine, Aggregating Various Yield Opportunities Across yield-Bearing Assets.
Yield Tokenization
Infrastructure
Liquidity Hub
Traffic Entrance and Asset Issuance Platform
Truly community-driven new paradigm for risk-free token funding
Memecoin Launch, Staking, DAO Governance Platform
DEX with Multiple Innovative Enhancements
Startup
Financing
OutStake
OutSwap
Memeverse
FFLaunch
Meme × DeFi
DAO Governance
OutStake
01
1. A New Yield Tokenization Model: A yield tokenization protocol based on yield-bearing tokens(e.g., LSTs, RWA, yield-bearing stablecoin). Staking yield-bearing tokens allows the minting of PT/YT tokens with a perpetual lifecycle, unlocking the liquidity of staked assets. Compared to protocols like Pendle, it offers greater composability and flexibility.
�2. Yield Rate-Linked Stablecoin Model: The first non-USD stablecoin model linked to yield rates. The value of YT is directly tied to the yield of yield-bearing tokens, allowing users to trade interest rates directly by trading YT, with no expiration date.
�3. Omnichain Universal Principal Token: Introducing the UPT (Universal Principal Token), a omni-chain universal principal token that also serves as the Outrun ecosystem's omni-chain stablecoin. It connects the liquidity of yield-bearing tokens from the same underlying asset types and enables seamless asset transfers between different blockchains, enhancing the ecosystem's interoperability and network effects.
�4. Staking Position Token: Represents the principal redemption right of a locked yield-bearing token position upon maturity. By wrapping already minted PT (UPT), transferable SP tokens can be created. Purchasing SP allows users to earn fixed-rate yields based on the underlying assets.
Core Mechanism of OutStake
Token types and Composability
Pendle's PT and YT have expiration dates, similar to NFTs, which leads to liquidity fragmentation and poor composability.��OutStake's PT/YT are universal ERC20 tokens with a perpetual lifecycle, having no expiration date, and can be freely integrated into other protocols.
Fixed-Rate Yields
Pendle's high fixed-rate profits come from the losses of YT holders, with YT and PT holders acting as counterparties to each other.
�OutStake: By holding SP, users can earn fixed-rate yields based on the underlying assets, with the profits derived from the demand exchange among users.
YT Value Pegging
Pendle's YT value is heavily influenced by protocol incentive points, making it not a rigorous financial product and subject to centralization risks.��OutStake's YT value is solely related to the yield of interest-bearing tokens, unaffected by protocol incentive points, more decentralized, and offers stronger composability.
Staking Duration
The lock-up period for Pendle's yield-bearing tokens is determined by the protocol, and users cannot freely choose it. Different lock-up periods require the deployment of separate contracts.
�OutStake users can freely choose the lock-up period, control the minting quantities of PT and YT, abstract the staking duration as SP, and the lock-up expiration becomes a tradable asset.
OutSwap
02
Outrun AMM v1 is built upon the traditional constant product AMM and incorporates the following improvements:
�1. Separation of Liquidity and Market-Making Revenue: It enhances the management of market-making revenue, allowing users to claim fees independently without removing liquidity. This provides users with greater flexibility in asset management and improves capital efficiency.�2. New Fee Tiers: It introduces additional fee tiers for pool creators, enabling the construction of different trading pools tailored to various asset types, meeting the diverse needs of users and projects.
3. Native Referral Commission Engine: It is the only automated market maker on the market with an integrated, composable native referral commission engine. Anyone can develop their own referral rebate service to drive transactions and earn commissions, or integrate it into any trading aggregator to generate more revenue for them while driving additional traffic to us, creating a win-win situation.
4. MEV Guard: It integrates a pioneering, fully on-chain, AMM-granular MEV Guard native module. By significantly increasing the cost and complexity of MEV attacks, it greatly reduces common issues such as front-running attacks on initial liquidity pools and sandwich attacks, while also allowing LPs to capture a portion of the MEV revenue.
In the future, Outrun AMM v2 and Outrun DLAMM will be launched, introducing dynamic fees, hooks, flash accounting, singleton liquidity, and more. On the user experience front, it will incorporate account abstraction and intent-based gasless transactions.
The Innovation of OutSwap
FFLaunch
03
Traditional financing platforms typically unlock tokens for investors after they invest, either before or simultaneously with the token listing. However, this approach creates issues: early investors receive tokens ahead of the listing, which increases selling pressure when the tokens go live and heightens the risk of insider trading. This also reduces the investment appeal for later investors, as not all investors start on an equal footing.
FFLaunch is famous for its fairness and being free, while combining with OutStake and Outrun AMM to complete a closed loop. Compared to various traditional token launch platforms, FFLaunch addresses a fundamental problem by introducing Proof of Liquidity (POL) tokens: how to conduct on-chain financing before the token listing without unlocking the tokens? Thus truly ensuring fairness!
Problems Solved by FFLaunch
Through FFLaunch's on-chain financing, investors do not immediately receive the project's tokens. All minted project tokens are added to the liquidity pool, while investors receive Proof of Liquidity (POL) tokens of corresponding value. POL tokens also have their own liquidity pool and can be freely traded at any time. This approach not only safeguards the interests of investors but also prevents anyone from obtaining tokens in advance. Anyone who wants to directly acquire the tokens can only purchase them from the liquidity pool, fundamentally eliminating the possibility of insider trading. This is the true essence of a FairLaunch.
Fair
During the liquidity lock period of the project tokens, the market-making revenue from the locked project token liquidity belongs entirely to the project team, serving as a continuous funding stream for the project. After the liquidity lock period expires, investors can redeem the LP locked in the contract by burning their POL tokens (though investors can also sell their POL tokens earlier if they choose). For investors, this is equivalent to obtaining the project tokens for free.
Free
Features of FFLaunch
Verified Startup Teams
Projects with development still in the early stages, possessing significant potential and having secured some endorsements, conduct community seed round financing on FFLaunch while locking liquidity until before the Token Generation Event (TGE). During this period, they continuously iterate on the product and maintain communication with the community.
Mature Projects Preparing for TGE
For highly mature projects preparing for a Token Generation Event (TGE), where the project team and investment institutions already have a vesting plan in place, they can conduct a public sale through FFLaunch, with liquidity locked until the team and institutional tokens are unlocked. During this period, the project maintains smooth operations and enhances user stickiness.
Projects Preparing for an Airdrop
FFLaunch is also suitable for airdrop scenarios. Since FFLaunch supports custom token generators (subject to review), developers can authorize certain whitelisted users to mint tokens through FFLaunch. Users can obtain tokens for free while also providing liquidity for the tokens. Moreover, after the project airdrop, users maintain interest in the project, unlike traditional airdrop methods where users typically sell the tokens immediately and lose interest in the project.
Applicable Scenarios
Memeverse
04
Introduce an omnichain registry to centrally manage the Symbols of the Memeverse across all chains, ensuring that each Symbol remains unique during the genesis period and preventing duplication that could dilute attention.
Unique Registration Mechanism
After a successful genesis, the Yield Vault and DAO Treasury are deployed on the governance chain. All genesis liquidity market-making revenue is sent cross-chain to the governance chain, with the Memecoin portion allocated to the Yield Vault and the UPT portion allocated to the DAO Treasury.
Distribution of Market-Making Yields
Users can cross-chain stake Memecoins into the Memecoin Yield Vault, thereby minting sMemecoin and participating in DAO governance, enhancing user engagement and sense of belonging while providing momentum for the long-term development of the ecosystem.
Supported by LayerZero, users can register or participate in the genesis on any blockchain where this module is deployed, transcending blockchain limitations, attracting a broad user base, and facilitating the rapid development of the ecosystem.
Built on the FFLaunch philosophy, it completely eliminates risks commonly associated with traditional Memecoin issuance, such as fraud, insider trading, and rug pulls.
Launch Paradigm of FFLaunch
Innovative Concept of Memeverse
Pump.fun: The initial liquidity is severely insufficient compared to the total token supply, leading to significant early selling pressure and a high risk of collapse.��Memeverse: The initial token supply is entirely in the liquidity pool, with the final liquidity determined by market enthusiasm, typically ten times or even a hundred times greater than that of Pump.fun.
liquidity depth
Pump.fun: An independent tool with no deep integration with other DeFi protocols.��Memeverse: Introduces the concepts of Memecoin Staking and DAO governance, seamlessly combining Memecoin with DeFi and DAO governance to unlock greater possibilities.
Composability
Pump.fun: Has no risk control or protection features, leaving users in a raw PVP state, facing risks such as insider trading, rug pulls, and fraudulent trading scams.��Memeverse: Avoids insider trading and rug pulls through the FFLaunch and Proof of Liquidity token mechanism, enabling users with different risk preferences to participate at various stages.
Risk Control
Pump.fun: Supports only single-chain operations.�Memeverse: Supports omnichain deployment and interoperability, reaching more potential users.
Omnichain Support
04
Pump.fun: Offers a one-click sniping feature, deviating from the original intent of a FairLaunch, and is exploited by scammers and rug bots.��Memeverse: Has no insider trading features, does not provide direct profits for token creators, is community-driven, and allocates liquidity market-making revenue to the Yield Vault and DAO Treasury.
Creator Income
01
02
03
05
Targets Audience
05
Liquidity Demand Users: �Users who want to gain more liquidity support for yield-bearing tokens.
Yield-bearing token holders: �Users seeking to maximize their token interest yield.
Fixed Income Seekers: Users who want to obtain fixed interest rate returns.
Yield Trader: �Users trading the yield of yield-bearing tokens.
OutStake (Yield Tokenization)
Market Makers: �Users who earn more passive income through automated market making.
Anti-MEV：�Users who want to trade any ERC20 token and be protected from MEV attacks.
Referral Rebate Providers: DApps and users who integrate a referral rebate engine to guide transactions to OutSwap and earn rebates.
OutSwap (DEX)
03
FFLaunch Airdrop Programs: Project teams that aim to distribute airdrops through FFLaunch and maintain user stickiness.
02
Startup Teams: Startup teams hoping to secure substantial and sustained community funding.
01
Users Obtaining Free Tokens: Low-risk investors who can participate in FFLaunch to get project tokens for free.
FFLaunch (Zero-Risk LaunchPad)
01
Memecoin Investors with Low-Risk Preference: �Users hoping to invest in Memecoin at a lower risk level.
03
Memecoin Community Builders:�Builders aiming to reshape the Memecoin industry.
02
DeFi Yield-Seeking Memecoin Enthusiasts: �Users who want to engage in Memecoin gameplay while also earning DeFi returns.
04
Referral Commissioners: �Users who hope to earn commissions by promoting Memecoin trading.
Memeverse (LaunchPad × Staking × DAO Governance)
Milestone
06
At the MVP 1, the Outrun ecosystem was in its initial phase, with all modules deployed on a single chain. Outstake only supported Blast L2 native yield. While FFLaunch achieved a risk-free LaunchPad, it was not entirely fair, and participants were not on the same starting line. Memeverse solely supported Memecoin issuance and could not avoid the risks of insider trading and RugPull. Furthermore, the interoperability between modules was weak, and they were relatively independent.
ETH Shenzhen Hackathon 2nd (Reward $2500)
At the MVP 2, the Outrun ecosystem expanded to a multi-chain system based on LayerZero. We abstracted the Blast native yield support of Outstake, enabling it to support any interest-bearing token, and introduced cross-chain universal asset principal tokens. FFLaunch introduced liquidity proof tokens to ensure all participants started on equal footing. �Memeverse was designed based on the FFLaunch concept to avoid insider trading and RugPull risks, supported cross-chain interoperability, introduced a cross-chain registry to manage Memecoin creation, and also incorporated a Memecoin Staking mechanism, integrating with DeFi.
BNB Chain Hackathon 2024 Q4 2nd (Reward $10000)
OutSwap integrates MEV Guard to protect users from initial liquidity front-running attacks and sandwich attacks, while also enabling LPs to capture MEV revenue.�
To promote the sustainable development of the Memecoin space, we have further improved Memeverse by removing creator revenue. This is because most Memecoin creators did not contribute to the community but instead constantly "drained" it. Simultaneously, community cohesion was insufficient and lacked financial support. We have introduced a cross-chain governance Memecoin DAO, allocating creator revenue to the Memecoin DAO treasury. Memecoin yield tokens and POL tokens serve as governance voting tokens to manage the treasury revenue, thereby enhancing community cohesion, incentivizing member contributions, granting Memecoins infinite evolution capabilities, and ultimately fostering the sustainable development of the entire industry.
Current stage (MVP 3)
Our future journey is still long. The following plans will be implemented after the mainnet launch. The order does not indicate priority.
� 1. Mobile Dapp application development.� 2. Outstake integration of more yield-bearing assets.� 3. Outstake SP and PYT trading market development.� 4. Yield rate stablecoin lending based on the value of YT, and YT leveraged trading.� 5. DeSocial application development based on sustainable economic principles.� 6. Optimization of the product's user interaction experience, including the UI level, as well as account abstraction and chain abstraction levels.� 7. Development of OutSwap's subsequent products: OutrunAMM V2, Outrun CLAMM, and Limit Order Book.
Future Plan
Thanks
Product Doc：https://outrun.gitbook.io�Github：https://github.com/OutrunDao�MVP: https://ontrun-frontend-09.vercel.app/�Production-Grade UI(Under deployment): https://ui.outrun.build/��Telegram: @jasonrale E-Mail: jasonrale@qq.com