What is Quoll Finance? Quoll Finance is a Yield Booster built on BNB Chain and part of the Wombat Exchange ecosystem. So what is Quoll Finance? Let’s find out in this article!
To better understand the project as well as the Wombat Exchange ecosystem, you can read some of the following articles:
What is Quoll Finance?
Quoll Finance is a Yield Booster built on BNB Chain and part of the Wombat Exchange ecosystem. The project takes advantage of the veToken/Boosted Yield model adopted by Wombat Exchange to bring higher profits to LPs and additional rewards to WOM holders.
Quoll will benefit all participants:
- For depositors: Stablecoin or BNB holders can get higher yields by depositing into Wombat via Quoll.
- For WOM owners: HThey can send WOM into Quoll and convert it into qWOM, another version of veWOM. WOM tokens will be staked on Wombat. Besides all the benefits that come from Staking WOM like on Wombat, qWOM can also be staked on Quoll to receive additional rewards from Quoll protocol fees and can be swapped back to WOM right on the DEX.
Quoll will help redistribute the enhanced rewards from Wombat to different participants in a better way. Depositors earn enhanced rewards with veWOM accumulated on the platform. WOM owners can convert their WOM and receive qWOM, which is a token version of veWOM. qWOM is tradable and can be staked to earn additional rewards. Because the enhanced reward distribution is more efficient, more users and TVL will be attracted.
In the future, Quoll will use the same approach to integrate with more protocols that have adopted the veToken/enhanced yield model. In addition, Quoll Finance also plans to develop on many other Chains.
How Quoll Finance Works
The diagram above is an illustration of the integration structure with Wombat Exchange. The main idea is to align depositors and WOM holders together to make the best use of their tokens and maximize profits for all participants.
2 main types of customers on Quoll Finance:
- Depositors: Wombat liquidity provider via Quoll. They can earn rewards WOM and QUO is enhanced through Quoll even if they don’t own any WOM.
- WOM holders: CConvert WOM to qWOM can earn it all WOM rewards, QUO and protocol fees by staking their qWOM on Quoll Finance. Besidesthey can escape the position qWOM by swapping back WOM through Dex.
There is a total 20% fee collected on all sales WOM created on Quoll Finance.
- 10% for qWOM bettors.
- 5% for bettors QUO.
- The remaining 5% is divided between the treasury or other incentive groups.
Development Roadmap
Q3 2022
- WOM/BUSD automatic aggregator on Pancakeswap
- Launch a party campaign
- Update daily news about Wombat and Quoll Finance
- Core development increases productivity
Q4 2022
- Main launch on BNB Chain includes yield enhancing features such as WOM conversion and staking, stablecoin deposit, BNB for enhanced yield, QUO staking and locking,…
- Completed audits with Peckshield and Zokyo;
- Launch a bug bounty program
- List QUO/BUSD on DEX and qWOM on Wombat
- Initial launch campaigns to drive user adoption
- Continuously improve UX
Q1 2023
- Launch Multichain on Ethereum, Avalanche, Polygon. Users from these blockchains can then send their Stablecoins to the Wombat Exchange on the BNB chain with just one click
- Complete more audits across the entire protocol
- Integrates with many insurance protocols such as InsurAce
- Increase brand recognition on other blockchains
- Partner with more projects to build our protocol using QUO in their strategies, such as incentivizing QUO tokens by locking them
- Continuously improve UX
Q2 2023
- Launch nAnti-bribery platform (Bribery Platform)
- Marketplace for QUO token utilities and bribery platform
- Cooperate with potential vote buyers of bribery platforms
- Integrate with other platforms that adopt reward design vetoken/boost reward
- Complete more audits
- Continuously improve UX
The biggest focus in Quoll Finance’s roadmap is Multichain development. Quoll will use Layerzero and Stargate as a bridge connecting cross-chain DEX components to build Multichain. Thanks to that, Quoll can pull cash flow from other Chains to BNB Chain and specifically Wombat Exchange.
Core Team
Updating…
Investors
The project has received investment from Hailstone Ventures, Impossible Finance, Incuba Alpha Capital, Ouroboros Capital but there is no information on how much money was raised and when.
Tokenomics
Overview information about Token Quoll Finance
- Token Name: Quoll Finance
- Ticker: QUO
- Blockchain: BNB Chain
- Standard: BEP-20
- Contract: 0x08b450e4a48c04cdf6db2bd4cf24057f7b9563ff
- Total supply: 500,000,000
- Maximum supply: 1,000,000,000
Token Allocation
- 50% for Liquidity Mining: 500,000,000 QUO will be distributed to liquidity providers and qWOM stakers, the most important participants of the Stableswap ecosystem.
- 1.5% for ContributionDrop: 15,000,000 QUO will be distributed to select addresses that have contributed to the Wombat or Quoll community.
- 11% for Bonus Pool: 110,000,000 QUO will be distributed to a Multi-Sig that will be controlled by contributors, community members, and advisors.
- 9.5% for Treasury: 95,000,000 QUO will be reserved in Treasury reserves to fund community building, strategic partnerships and future investments.
- 15% for Team: 150,000,000 QUO will be reserved for current and future team members to continuously build Quoll.
- 5% for Investors: 50,000,000 is reserved for investors.
- 3% for Advisor: 30,000,000 is reserved for advisors who have contributed their expertise to the success of Quoll.
- 5% for IDO: 50,000,000 will be used for Impossible Finance IDO.
Token Use Case
QUO tokens are used for rewards, liquidity mining programs, staking, and especially participating in protocol governance.
Exchanges
QUO tokens are traded on Pancakeswap, Impossible.
Quoll Finance’s Information Channel
- Website: https://quoll.finance/
- Twitter: https://twitter.com/QuollFinance
- Medium: https://medium.com/@quoll.finance
- Discord:
Summary
Quoll Finance is a project that is not new, but it is a project that contributes a lot to the development of the Wombat Exchange ecosystem as well as BNB Chain.
So I have clarified what Quoll Finance is? Hope this article provides you with a lot of useful knowledge!