By identifying the similarities between the coupled-wave equations and the parametrically driven nonlinear Schrodinger equation, we unveil the existence condition of the quadratic soliton mode-locked degenerate optical parametric oscillator in the previously unexplored parameter space of near-zero group velocity mismatch. We study the nature of the quadratic solitons and divide their dynamics into two distinctive branches depending on the system parameters. We find the nonlinear interaction between the resonant pump and signal results in phenomena that resemble the dispersive two-photon absorption and the dispersive Kerr effect. Origin of the quadratic soliton perturbation is identified and strategy to mitigate its detrimental effect is developed. Terahertz comb bandwidth and femtosecond pulse duration are attainable in an example periodically poled lithium niobate waveguide resonator in the short-wave infrared and an example orientation-patterned gallium arsenide free-space cavity in the long-wave infrared. The quadratic soliton mode-locking principle can be extended to other material platforms, making it a competitive ultrashort pulse and broadband comb source architecture at the mid-infrared.
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