Withdraw Liquidity - Exponent Docs

The ixWithdrawLiquidity method on the MarketThree class redeems LP tokens for PT and SY. You specify the LP position to withdraw from, the amount of LP to burn, and minimum outputs for slippage protection.

This is a low-level method that returns PT and SY tokens. To withdraw directly to a base asset (e.g., USDC), use ixWithdrawLiquidityToBase or ixWithdrawLiquidityClassic instead.

Usage

import { MarketThree, LOCAL_ENV } from "@exponent-labs/exponent-sdk";
import { Connection, PublicKey, Transaction, sendAndConfirmTransaction } from "@solana/web3.js";

const connection = new Connection("https://api.mainnet-beta.solana.com");
const market = await MarketThree.load(LOCAL_ENV, connection, marketAddress);

const { ixs, setupIxs } = market.ixWithdrawLiquidity({
  withdrawer: wallet.publicKey,
  lpIn: 9_000_000_000n,           // LP tokens to burn
  lpPosition: lpPositionPublicKey, // from getUserLpPositions
  minPtOut: 4_000_000_000n,       // minimum PT to receive
  minSyOut: 4_000_000_000n,       // minimum SY to receive
});

const tx = new Transaction().add(...setupIxs, ...ixs);
await sendAndConfirmTransaction(connection, tx, [wallet]);

Required Parameters

Parameter	Type	Description
`withdrawer`	`PublicKey`	The withdrawer’s wallet public key
`lpIn`	`bigint`	Amount of LP tokens to burn
`lpPosition`	`PublicKey`	The LP position account to withdraw from
`minPtOut`	`bigint`	Minimum amount of PT to receive
`minSyOut`	`bigint`	Minimum amount of SY to receive

Optional Parameters

Parameter	Type	Description
`ptDst`	`PublicKey`	Destination PT token account. Defaults to withdrawer’s ATA
`syDst`	`PublicKey`	Destination SY token account. Defaults to withdrawer’s ATA

Returns

Returns an object with:

{
  ixs: TransactionInstruction[],      // Main withdrawal instruction
  setupIxs: TransactionInstruction[]  // Setup instructions for creating PT and SY ATAs
}