# Outrun **Outrun** is committed to becoming a pioneer in the next-generation DeFi and Web3 industries, **driving the expansion of Web3's native value into the real world**. Through innovative yield tokenization, decentralized stablecoin, fair launch models, and community sustainable construction, it unlocks DeFi yields with **higher capital efficiency** for users, while leveraging Memecoin as a pivot to **promote the widespread adoption of DAOs in Web3 and the real world**. The Outrun ecosystem currently comprises five major modules—OutStake, OutSwap, FFLaunch, Memeverse, and POL Lend—encompassing **yield tokenization, stablecoin, DEX, lending, risk-free community financing new paradigms, and Memecoin × DeFi × DAO**. * **OutStake** is a **yield tokenization** and **stablecoin** module built around **yield-bearing assets**. It employs a novel mathematical model to construct **perpetual** YT and UPT stablecoin, resolving the liquidity fragmentation issues in existing yield tokenization protocols (such as **Pendle**). At the same time, it **captures the native yields** from idle liquidity within the ecosystem, providing stakers with additional yields, thereby greatly enhancing capital efficiency and composability. * **OutSwap**'s first version, known as **Outrun AMM**, is built on the constant product AMM and includes several innovative improvements. The most important among them is that Outrun AMM integrates the first **real-time settlement** native **on-chain referral commission engine**, allowing anyone to develop their own referral services based on Outrun AMM to guide liquidity and earn commissions. * **FFLaunch** is the first "**risk-free**" community financing paradigm under the standard of **fair** and **free**. It avoids the risk of project teams rug-pulling (**protecting investors** and **providing free project tokens**), prevents project teams and investors from using the secondary market as an exit for liquidity (**protecting the secondary market**), and enables project teams to obtain **sustainable funding streams** to accelerate development, achieving a **triple-win** outcome. * **Memeverse** is an omni-chain **community consensus launcher** pivoted on **Memecoin**. By integrating **Memecoin Staking** and **Memecoin DAO Governance**, it transforms Memecoin from a mere speculative asset into a **community asset** with **sustainable value**, while accelerating the iteration and evolution of DAOs as a novel mode of human collaboration. At the same time, it is built on the principles of FFLaunch, enabling users to participate in the Memecoin ecosystem with "**lower risk or even risk-free**," thereby meeting the needs of users with **diverse risk preferences**—even the most conservative investors can **safely** engage in Memecoin ecosystem development, rather than it becoming a battlefield for a tiny elite of PVP experts. * **POL Lend** is a special **CDP (Collateralized Debt Position)** module within the Outrun ecosystem. Unlike **MakerDAO**, it enables users to conduct "**uncollateralized**" borrowing by **paying only interest** when participating in FFLaunch and Memeverse, providing users with **leverage without liquidation risk**, thereby greatly enhancing the liquidity and capital efficiency of the Outrun ecosystem. These modules are not independent of each other, they complement and closely intertwine in functionality, linking **yield tokenization**, **decentralized stablecoin**, **decentralized exchanges**, **next-generation token financing paradigm**, and **Memecoin × DeFi × DAO‌**. Through their design and **interoperability**, they construct a **complete closed-loop** Outrun ecosystem, providing users with diverse DeFi and Web3 experiences. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://outrun.gitbook.io/doc/readme.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.