FAQs
Quick answers about Moocon Vaults.
General
What is Moocon Vaults?
A prize savings protocol on Solana. You deposit, receive pTokens, and the yield the vault generates is pooled and paid out to draw winners instead of dripping back to everyone.
For the full lifecycle, read How It Works.
Can I lose my deposit?
Your deposit is not spent on prizes. It is represented by pTokens and redeemable by burning them.
That is not the same as risk-free. The lending market, the smart contracts, and available liquidity all matter, and if the vault's position ever falls short of its claims, redemption pays a proportional share. Read Risks before depositing.
Deposits & Withdrawals
How do I start?
Getting Started covers wallet setup, deposits, withdrawals, and claiming.
What are pTokens?
Position tokens for a vault. They are minted when you deposit, burned when you withdraw, and they are ordinary SPL tokens, so they sit in your wallet.
How many tickets do I have?
Your pToken balance is your ticket weight. One whole pToken is one ticket.
When can I withdraw?
Any time, through the withdraw tab in the vault panel. There is no lockup and no protocol withdrawal fee.
What happens if I withdraw before a draw?
You burn pTokens and get the underlying token back. Yield already accumulated into a tier stays there for that tier's winner, and burning pTokens removes the matching tickets.
Withdrawing mid-window also drops you from the long tier for that window. See How It Works.
Draws
How often do draws happen?
Each vault runs two tiers on separate cadences. On mainnet today, Bull Sprint settles every 1 hour with 70% of the yield and Golden Horn every 7 days with 30%. Each vault card shows the live cadence and a countdown per tier.
Why does one tier say "Qualifies next cycle"?
The long tier draws only against wallets that held continuously since it last paid out. You are holding, but not yet across its whole window. Keep holding and the next cycle counts you from its start. The short tier is unaffected.
How is the winner chosen?
A commit-reveal scheme combined with MagicBlock VRF. The operator commits the hash of a secret before the randomness exists, and the revealed secret and the VRF output are combined into the final seed.
How do I know the draw is fair?
Every eligible wallet and its ticket weight is sealed into a Merkle tree before the draw, and the root is committed on-chain. After the reveal, the round data lets anyone verify inclusion, ticket weight, and the selected winner.
What do I win?
The tier's accumulated prize, paid as pTokens of the same vault. It is already deposited and earning, so you can hold it or redeem it.
Tokens & Supported Assets
What tokens are supported?
JupUSD and SOL today. The app lists the live vaults and what each accepts; only deposit an asset into the vault that lists it.
What do I need in my wallet?
SOL for transaction fees, plus the asset the vault accepts. Depositing into the SOL vault wraps native SOL and those same lamports pay the fee and account rent, so keep at least 0.02 SOL back.
Referrals
How do referrals work?
Create a code from the dashboard and share it. A new wallet enters your code once and the link is permanent. See Referral Program.
Can I use multiple referral codes?
No. Each wallet can use one code, once.
Can I refer myself?
No. You cannot use your own code.