Quoll Finance is BNB Chain’s Convex Finance equivalent for Wombat Exchange — allowing users to deposit WOM tokens that Quoll permanently locks for maximum veWOM voting power, directing Wombat gauge emissions to highest-yielding pools, distributing the resulting boosted WOM rewards + QUO token incentives to Quoll depositors, and enabling users to access Wombat’s boosted yields without individually locking WOM.
Overview
Wombat Exchange’s WOM token introduces a vote-escrowed (veWOM) governance system where WOM locked for up to 4 years earns governance weight and a 2.5x LP yield boost. The problem: individual users must lock large amounts of WOM for long periods to earn meaningful boosts — capital-inefficient for smaller LPs. Quoll Finance solves this with the same insight Convex Finance applied to Curve: aggregate many users’ WOM into a single permanent veWOM position, share the resulting boosted yield, and distribute QUO protocol tokens atop the base Wombat yield. Users get boosted APY without locking their own WOM or managing governance votes.
Convex → Quoll Parallel
| Curve Wars Role | DeFi Protocol | BNB Chain Equivalent |
|---|---|---|
| The AMM | Curve Finance | Wombat Exchange |
| The booster | Convex Finance | Quoll Finance |
| The governance token | CRV | WOM |
| The locked token | veCRV | veWOM |
| The booster token | CVX | QUO |
How Quoll Works
The following sections cover this in detail.
For LP Users
- User wants to provide stablecoin LP on Wombat (e.g., USDT)
- Without Quoll: User deposits USDT directly on Wombat, earns base WOM emission rate
- With Quoll:
User deposits USDT into Quoll’s USDT pool
Quoll deposits into Wombat on user’s behalf, utilizing Quoll’s veWOM boost
User earns boosted WOM yield (up to 2.5x) + QUO token incentives
No WOM locking required by the user
For WOM Lockers
- User deposits WOM into Quoll
- Quoll permanently locks WOM for maximum veWOM
- User receives quoWOM (Quoll’s veWOM aggregate token)
- quoWOM is liquid (tradeable on DEXes), unlike native veWOM (non-transferable)
- quoWOM holders receive:
Quoll’s protocol revenue share (from fees on LP deposits)
Additional QUO token rewards
Voting power in Quoll gauge votes (determines which Wombat pools get Quoll’s veWOM direction)
Gauge Direction
Quoll’s aggregated veWOM must be directed to Wombat pool gauges weekly:
- Quoll governance (via QUO holders or quoWOM holders) votes on which pools receive Quoll’s veWOM direction
- Protocols bribe Quoll governance to direct veWOM to their pools → Quoll redistributes bribe income to participants
- This creates the BNB Chain version of Curve Wars bribe economics at the Quoll layer
QUO Token
QUO is Quoll Finance’s native token:
- Liquidity Mining — QUO distributed to Quoll LP depositors
- Governance — QUO holders vote on Quoll’s gauge direction (which Wombat pools receive veWOM)
- Revenue Sharing — QUO stakers/lockers earn platform fees in WOM or QUO
- veQUO — locked QUO for maximum governance power and yield boost within Quoll’s system
Wombex: Sister Protocol
Wombex Finance (WMX token) is a direct competitor to Quoll:
- Same model: aggregate WOM, lock for veWOM, boost Wombat LP yield
- Competing for WOM locker market share (whichever aggregator controls more veWOM controls more Wombat emissions)
- Users compare: Quoll QUO vs Wombex WMX token value + yield when choosing booster
Sources
- Quoll Finance Documentation — Quoll Finance Team, 2022–2023. Full Quoll protocol documentation — covering the WOM → quoWOM conversion mechanics (permanent locking of WOM into maximum-duration veWOM, quoWOM as liquid wrapped receipt), LP yield boosting flow (Quoll’s aggregated veWOM applied to Wombat LP positions via Wombat’s boost mechanism), gauge direction (how Quoll’s veWOM is directed to Wombat pools based on Quoll governance votes), QUO token emission schedule and staking mechanics, and bribe income distribution to quoWOM holders.
- “Quoll vs Wombex: BNB Chain veWOM Aggregator Competition” — DeFi Analytics / BNB Chain Research, 2022–2023. Comparative analysis of Quoll and Wombex as competing Wombat boosters — examining veWOM accumulation race (which protocol captured more WOM lockers), effective yield comparison for LP depositors using each booster, QUO vs WMX token performance, and equilibrium market share between the two.
- “quoWOM: Liquid veWOM and Its DeFi Composability” — Quoll Finance / DeFi Engineering, 2023. Analysis of quoWOM as a liquid wrapper for Wombat’s non-transferable veWOM — examining the quoWOM/WOM peg mechanics (quoWOM should trade close to WOM since it represents locked WOM value; discount develops if WOM lock is unprofitable; premium develops if demand exceeds supply), quoWOM’s DeFi use cases (collateral, trading, yield strategy inputs), and the protocol revenue mechanics backing quoWOM holder returns.
- “BNB Chain Stableswap Wars: WOM Gauge Competition and Protocol Bribery” — DeFi Research / BNB Ecosystem Analytics, 2023. Analysis of the competitive gauge market that Wombat/Quoll created on BNB Chain — which protocols paid bribes to secure Quoll’s veWOM votes for their stablecoin liquidity, bribe ROI calculations, and whether the BNB Chain “stableswap wars” mirrored Ethereum’s Curve Wars in scale and dynamics.
- “Yield Stacking on BNB Chain: Wombat + Quoll + Lending Protocol Integration” — BNB Chain Strategy Research, 2023. Analysis of yield stacking strategies using Wombat/Quoll as base layer — depositing into Quoll for boosted WOM + QUO, receiving LP tokens, using LP tokens as collateral in BNB Chain lending protocols to borrow and amplify yield further; modeling the compounded APY and risk stack at multiple leverage levels.