> For the complete documentation index, see [llms.txt](https://doc.outrun.build/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.outrun.build/memeverse-omnichain-community-consensus-launcher/genesis-credit.md). # GenesisCredit ## What is GenesisCredit GenesisCredit is a participation credit used to **offset the interest on a leveraged Genesis in place of uAsset**. It lets users who do not hold a large amount of stablecoins still take part in leveraged Genesis and share the early gains. ## How to get GenesisCredit GenesisCredit is distributed to early community members through **airdrops** and similar channels (the exact distribution rules are set by the protocol). Airdrops go out by allowlist: eligible accounts claim on the **home chain** (the chain that issues the credits), one claim per account. Holding GenesisCredit gives you one more way to offset leverage interest. ## Cross-chain transfers GenesisCredit is an omnichain token (OFT) built on LayerZero and can move across chains. Claiming happens only on the home chain: once the airdrop has been claimed there, the credits can be transferred to other chains. A destination chain can only receive credits that were transferred in; it cannot serve an airdrop claim directly. You can move your credits to another chain and join a Memecoin Genesis there. ## How to use GenesisCredit GenesisCredit is **paired one-to-one** with a specific uAsset: one credit matches one uAsset. A credit can only be used in the leveraged Genesis of its corresponding Memecoin; it cannot pay the interest for a Genesis funded by a different uAsset. Credits pair with uAsset types that use 18 decimals. During a Memecoin's Genesis phase, you can choose to offset the leverage interest with the matching GenesisCredit instead of uAsset: * The Genesis shares you get in exchange for credits are exactly the same as when you pay interest with uAsset. * The only difference is where the interest ends up: interest paid in uAsset goes to the protocol treasury, while interest paid in credits is **burned** at Genesis lock-up and removed from circulation. For details, see [leveraged Genesis](/memeverse-omnichain-community-consensus-launcher/polend.md). ## Pause and resume In extreme or security-emergency situations, the protocol can temporarily pause GenesisCredit operations. While the pause is in effect, credit transfers, cross-chain movement, and paying leverage interest with credits are unavailable. That includes credit interest payments during Genesis, credit refunds on a failed genesis, and credit burns at settlement. Everything becomes available again automatically once operations resume, and the total credit supply is unaffected. Leverage paths that pay interest in uAsset only are not affected. ## Refunded on failure If a Genesis fails to meet its target, the credits you paid as interest are returned to you in full rather than going to waste. ## Why GenesisCredit matters * **Lower barrier to entry**: you can join an early leveraged Genesis without holding a large amount of stablecoins. * **Rewards for the early community**: participation opportunities are directed to early supporters. GenesisCredit is a key tool for Memeverse to attract and reward its early community, and it broadens the sources of capital behind leveraged Genesis. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://doc.outrun.build/memeverse-omnichain-community-consensus-launcher/genesis-credit.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.