Moocon Vaults

What is Moocon Vaults?

Moocon Vaults is a prize savings protocol on Solana. You deposit supported tokens, receive pTokens that represent your position, and the yield generated by all depositors is pooled into prize drawings.

Every round, one depositor wins the pooled yield. Your deposited principal stays redeemable through your pTokens.

Start here

• Getting Started: connect a mainnet wallet, fund it for fees, deposit, withdraw, and claim.
• How It Works: understand pTokens, tickets, rounds, Jupiter Lend, and MagicBlock VRF.
• Risks & Status: understand mainnet dependencies and the risks that remain.
• FAQ: quick answers for deposits, drawings, tokens, and referrals.

The problem

Lending yield can be useful, but individual returns are often modest. Higher-upside strategies usually require trading, leverage, lockups, or other risks to principal.

Prize savings creates another path: depositors keep their principal redeemable, while the generated yield is pooled and paid out as larger prizes.

The product loop

1. Deposit USDC or WSOL into a vault (more assets to come).
2. Receive pTokens, the position tokens that represent your share.
3. Earn tickets from your pToken balance. 1 pToken equals 1 ticket.
4. At each round snapshot, eligible tickets are committed on-chain.
5. A winner is selected with commit-reveal scheme powered by MagicBlock VRF.
6. The winner claims the pooled yield. Everyone can withdraw principal anytime.

What makes it different

• Prize-based yield: one winner receives the round's pooled yield instead of everyone receiving a small pro-rata amount.
• Redeemable principal: you can burn pTokens to withdraw your underlying tokens.
• Transferable positions: pTokens are SPL tokens, so your position is wallet-native.
• Provable drawings: eligibility is snapshotted in a Merkle tree and randomness uses two independent entropy sources.
• Points and referrals: active users can earn Milk points and referral points on top of drawing tickets.