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.
Time-weighted tickets
Tickets are the average USD value of your position across the window being drawn, sampled about once a minute. A deposit made late in a window earns proportionally fewer tickets than the same amount held throughout, and the long tier averages across every round since it last paid, so partial coverage of a Golden Horn window means partial weight in it.
Sampling deliberately credits the lower of the two balances either side of each gap, so a count can understate what you actually held — by a minute's worth at most — but never overstate it.
Because weights are priced in dollars, a change in the underlying token's price changes your ticket count. A position whose time-weighted value averages under $1 earns no tickets at all for that window.