Risks
What to understand before depositing into a Moocon vault.
What "your deposit is not at risk" means
Moocon does not spend your deposit on prizes, and does not trade or lever it. Your position is represented by pTokens and you redeem it by burning them. If you are not drawn, you keep your pTokens and can keep participating or withdraw.
Redeemable is not the same as guaranteed. The risks below are real and are worth reading before you deposit.
Yield-source risk
Deposits are supplied to Jupiter Lend. Prizes exist only because that market pays interest, so the size and pace of prizes follow its rates, and its own protocol risk applies to the deposit sitting in it.
Liquidity
Redeeming pTokens requires Jupiter Lend to have withdrawable liquidity for the asset. In stressed market conditions the amount available to withdraw immediately can be limited, which is a structural property of every lending-backed vault.
Protocol risk
Moocon Vaults is smart-contract software. Bugs, configuration errors, or integration issues can affect the protocol.
Operator liveness
Rounds are driven by an off-chain operator that snapshots eligibility, commits, requests randomness, and reveals. It cannot pick the winner on its own, but if it stops progressing the lifecycle a round can stall.
Withdrawals do not depend on the operator. Settling a round does.
VRF and Ephemeral Rollup dependency
Randomness comes from MagicBlock VRF, fulfilled through a MagicBlock Ephemeral Rollup. If either is unavailable, a draw can be delayed.
Snapshot and tier windows
Eligibility is fixed at the round snapshot, so a deposit made after it counts from a later round.
The long tier goes further: it draws only against wallets that held continuously since it last paid. Withdrawing or transferring pTokens mid-window drops you from that tier's set, and you re-qualify from the start of the next window.