> 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/reference/glossary.md). # Glossary A quick reference to terms used throughout the Outrun docs. Product terms stay in English; definitions are written in English. ## Core concepts | Term | Definition | | ------------- | -------------------------------------------------------------------------------------------------------------------------------------------- | | **uAsset** | Outrun's pegged stablecoins: UETH (pegged to ETH), UUSD (pegged to USD), and UBNB (pegged to BNB). Minted by OutStake; circulates omnichain. | | **SY** | Standardized Yield: the standard layer that wraps yield-bearing tokens into one unified format. | | **OFT** | Omnichain Fungible Token: the LayerZero-based omnichain token standard; uAsset, Memecoin, and GenesisCredit are all built on it. | | **LayerZero** | An omnichain messaging and asset transfer protocol; the foundation of Outrun's omnichain capability. | ## OutStake | Term | Definition | | --------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Genesis Staking** | The staking mint reserved for Memeverse: deposit a yield-bearing asset, mint an equal value of uAsset at face value, and commit it to Genesis. No interest, no liquidation, no lock-up; redeem anytime. | | **CDP position** | The position created by Genesis Staking: it records the yield-bearing collateral and the outstanding uAsset debt, and redemption repays the equal uAsset amount. | | **Liquidity lock-up** | The liquidity locked once a Memeverse Genesis reaches its target: fixed at 365 days, during which the launcher cannot withdraw it. | | **PSM** | The par swap pool: reserve assets and uAsset swap both directions at par 1:1 (USDC/USDT↔UUSD, ETH↔UETH, BNB↔UBNB), with no position and no debt. | | **USR** | The uAsset savings vault: deposit uAsset and receive shares, deposit and withdraw anytime; the share price grows at the per-family rate. | | **suToken** | USR savings shares (suETH / suUSD / suBNB). | | **Mint cap** | The minting limit on each position manager and PSM swap pool, preventing over-issuance. | ## Memeverse | Term | Definition | | ------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------- | | **Genesis** | The opening phase of a Memecoin launch, where participants commit uAsset. | | **Four pools** | The four liquidity pools set up when a Genesis reaches its target: the primary pool (Memecoin/uAsset), POL/uAsset, PT/uAsset, and PT/POL. | | **POL** | An ownership claim on locked liquidity. | | **PT** | Principal Token, split from POL; represents the claim on principal and is pegged to uAsset. | | **YT** | Yield Token, split from POL; represents the claim on yield, works as a leveraged asset, and redeems its share of residual value after settlement. | | **YT Flash Swap** | The trading route for buying and selling YT with POL during the lock-up; it reuses PT/POL pool liquidity instead of running a separate YT pool. | | **POL split** | Splitting 1 POL into 1 PT + 1 YT. | | **POLend (leveraged Genesis)** | The mechanism that scales up a Genesis allocation by paying interest (in uAsset or GenesisCredit). | | **Preorder** | Locks in Memecoin before Genesis; settles at a fixed low fee rate and unlocks linearly. | | **Dynamic fee hook** | The Uniswap V4 hook that lets each pool's fee adjust dynamically with volatility and market impact. | | **GenesisCredit** | A cross-chain participation credit used to offset leveraged Genesis interest. | | **Memecoin Staking** | Staking Memecoin into the YieldVault to earn trading fee returns. | | **YieldVault** | The staking yield vault for Memecoin Staking, with async redemption (deposits are instant; redemption arrives about one day after the request). | | **DAO Governor** | The on-chain governance contract for each Memecoin community, managing proposals, voting, and the treasury. | | **Settlement** | The process after the lock-up ends in which the protocol recalls the funds, repays debts, and distributes what remains. | | **Genesis refund** | When a Genesis misses its target, participant funds are returned to the beneficiary recorded at participation. | --- # Agent Instructions This documentation is published with GitBook. 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