Quoll Finance (QUO)

IDO

Last updated: Oct 27, 2022

Quoll Finance is a veToken aggregator aiming to boost the DeFi ecosystem on BNB Chain.

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Overview

Project industry	Other
Product type	Platform
Whitepaper	Open

What is Quoll Finance

Quoll Finance leverages the veToken/boosted yield model adopted by Wombat Exchange to provide a boosted yield for LPs and extra reward to WOM holders with a tokenized version of veWOM, qWOM.

Quoll Finance will leverage intercosmic cross-chain infrastructure to attract liquidity and users from other blockchains. Quoll Finance will start with integrating Wombat Exchange and extend to multiple protocols.

Quoll will benefit all the participants:

For depositors, such as stablecoin holders, BNB holders, they can receive boosted yield by depositing into Wombat through Quoll.
For WOM holders, they can convert WOM on Quoll and receive qWOM which is a liquid version of veWOM. The WOM token will be locked on Wombat. Besides all the benefits from WOM, qWOM can be staked to receive more reward and can be swapped back to WOM on DEX.

QUO is the native platform token of Quoll finance. QUO can be used to stake or lock to earn the fee generated by the platform. Locking QUO will receive the voting power to decide incentive allocation on Wombat or other platform.