Moocon Vaults

What is Moocon Vaults?

Moocon Vaults is a prize savings protocol on Solana. You deposit tokens, earn yield via Jupiter Lend, and every round one depositor wins the entire pooled yield as a prize. Your principal is never at risk.

Think of it as a lottery where the tickets are free — you only put in what you can always get back.

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The Problem

Yield from lending is safe, but the returns are modest. Anything with meaningful upside typically requires putting your principal at risk — trading, leverage, illiquid protocols. There's no middle ground between "boring and safe" and "exciting and risky."

Prize savings products solve this. They've existed in traditional finance for decades with hundreds of billions locked in them. On-chain, the concept is still early — and existing implementations are largely limited to native SOL staking.

Moocon Vaults is the first to open it up to any supported token, stablecoins included.

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The Solution

Instead of every depositor earning a small yield independently, Moocon Vaults pools yield across all depositors and pays it out as a single prize each round.

• Your principal stays intact. You can withdraw anytime.
• One winner per round claims the entire pooled yield.
• More deposited = more tickets = better odds, but everyone has a chance.
• Rounds run frequently — every 30–60 minutes on Solana's fast block times.

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Jupiter Lend as Yield Source

All deposited tokens flow into Jupiter Lending, where they earn yield continuously. Jupiter Lend is the yield infrastructure layer — Moocon Vaults sits on top and redirects that yield into prize drawings instead of distributing it pro-rata.

Supported tokens: USDC, WSOL (with more Jupiter Lend tokens planned).

When you deposit, your tokens are converted into fTokens (Jupiter's interest-bearing token representation). Your pTokens track your share of the vault's fToken balance. As yield accrues, the exchange rate between fTokens and underlying tokens increases — that growing difference is what funds each prize.

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Provably Fair Randomness

No participant — including the protocol — can know or influence who wins before it happens. Moocon Vaults uses a Commit–Reveal scheme layered with ORAO VRF so the result depends on two independent entropy sources.

Step 1 — Snapshot: All eligible depositors are captured into a Merkle tree at round start. The Merkle root is committed on-chain.

Step 2 — Commit: The operator hashes a secret and submits it to the contract, triggering a VRF request to ORAO's external validator network. The secret is locked in from this point.

Step 3 — Reveal: Once VRF fulfillment lands on-chain, the operator publishes the secret. The two values are XOR-combined into a final seed, which selects a winner. Anyone can verify the result against their Merkle proof.