createStripInstruction

Builds a raw instruction to strip SY tokens into equal amounts of PT (Principal Token) and YT (Yield Token).

Usage

import { createStripInstruction } from "@exponent-labs/exponent-sdk/client/core";
import { PublicKey } from "@solana/web3.js";

const ix = createStripInstruction(
  {
    depositor: wallet.publicKey,
    authority: vaultAuthority,
    vault: vaultAddress,
    sySrc: userSyTokenAccount,
    escrowSy: vaultEscrowSy,
    ytDst: userYtTokenAccount,
    ptDst: userPtTokenAccount,
    mintYt: ytMint,
    mintPt: ptMint,
    tokenProgram: TOKEN_PROGRAM_ID,
    addressLookupTable: vaultLookupTable,
    syProgram: syProgramId,
    yieldPosition: vaultYieldPosition,
    eventAuthority: eventAuthorityPda,
    program: EXPONENT_CORE_PROGRAM_ID,
  },
  {
    amount: BigInt(1_000_000),
  }
);

Accounts

Name	Type	Signer	Writable	Description
`depositor`	`PublicKey`	Yes	Yes	The user stripping SY
`authority`	`PublicKey`	No	Yes	Vault authority PDA
`vault`	`PublicKey`	No	Yes	Vault account
`sySrc`	`PublicKey`	No	Yes	Source SY token account
`escrowSy`	`PublicKey`	No	Yes	Vault SY escrow account
`ytDst`	`PublicKey`	No	Yes	Destination YT token account
`ptDst`	`PublicKey`	No	Yes	Destination PT token account
`mintYt`	`PublicKey`	No	Yes	YT mint address
`mintPt`	`PublicKey`	No	Yes	PT mint address
`tokenProgram`	`PublicKey`	No	No	SPL Token program
`addressLookupTable`	`PublicKey`	No	No	Vault address lookup table
`syProgram`	`PublicKey`	No	No	SY program
`yieldPosition`	`PublicKey`	No	Yes	Vault robot yield position
`eventAuthority`	`PublicKey`	No	No	Event authority PDA
`program`	`PublicKey`	No	No	Exponent Core program

Args

Name	Type	Description
`amount`	`bigint`	Amount of SY to strip (in base units)

Returns

TransactionInstruction — a transaction instruction ready to be added to a transaction.