Voting on Proposals

LP holders participate in governance by staking their LP tokens to vote on active proposals. See ActionProposal for how the voting model works.

Stake Vote

createStakeVoteInstruction

Stakes LP tokens to cast a vote on an active proposal. The voter chooses either Reject (block the proposal) or OptOut (don’t block, but queue LP for withdrawal if it passes).

import { createStakeVoteInstruction, VoteChoice } from "@exponent-labs/exponent-sdk/client/vaults";

const ix = createStakeVoteInstruction(
  {
    voter: wallet.publicKey,
    vault: vaultAddress,
    proposal: proposalAddress,
    voteAccount: voteAccountPda,
    tokenLpSrc: voterLpTokenAccount,
    tokenLpEscrow: vaultLpEscrow,
    mintLp: vaultMintLp,
    tokenProgram: TOKEN_PROGRAM_ID,
    systemProgram: SystemProgram.programId,
  },
  {
    voteChoice: VoteChoice.Reject,
    lpAmount: 1_000_000n,
  },
);

Accounts

Name	Signer	Writable	Description
`voter`	Yes	Yes	The LP holder casting the vote
`vault`	No	No	The vault account
`proposal`	No	Yes	The active proposal
`voteAccount`	No	Yes	Vote account PDA (created if needed)
`tokenLpSrc`	No	Yes	Voter’s LP token account
`tokenLpEscrow`	No	Yes	Vault LP escrow
`mintLp`	No	No	Vault LP mint
`tokenProgram`	No	No	SPL Token program
`systemProgram`	No	No	System program

Args

Name	Type	Description
`voteChoice`	`VoteChoice`	`Reject` or `OptOut`
`lpAmount`	`u64`	Amount of LP tokens to stake as voting weight

Unstake Vote

createUnstakeVoteInstruction

Unstakes LP tokens after the voting period has ended. Returns staked LP to the voter.

import { createUnstakeVoteInstruction } from "@exponent-labs/exponent-sdk/client/vaults";

const ix = createUnstakeVoteInstruction({
  voter: wallet.publicKey,
  vault: vaultAddress,
  proposal: proposalAddress,
  voteAccount: voteAccountPda,
  tokenLpDst: voterLpTokenAccount,
  tokenLpEscrow: vaultLpEscrow,
  mintLp: vaultMintLp,
  tokenProgram: TOKEN_PROGRAM_ID,
});

Accounts

Name	Signer	Writable	Description
`voter`	Yes	Yes	The original voter
`vault`	No	No	The vault account
`proposal`	No	No	The finalized proposal
`voteAccount`	No	Yes	Vote account to close
`tokenLpDst`	No	Yes	Destination for returned LP tokens
`tokenLpEscrow`	No	Yes	Vault LP escrow
`mintLp`	No	No	Vault LP mint
`tokenProgram`	No	No	SPL Token program

Args

None.

Unstaking is only possible after the proposal has been finalized (either approved or rejected). If you voted OptOut and the proposal passed, your LP is automatically queued for withdrawal instead of being returned.

Strategy Vault Basics

Vault Creation & Operations

Vault Strategy & Policies

Other Resources

Voting

Voting on Proposals

Stake Vote

createStakeVoteInstruction

Accounts

Args

Unstake Vote

createUnstakeVoteInstruction

Accounts

Args

​Voting on Proposals

​Stake Vote

​createStakeVoteInstruction

​Accounts

​Args

​Unstake Vote

​createUnstakeVoteInstruction

​Accounts

​Args

Voting on Proposals

Stake Vote

createStakeVoteInstruction

Accounts

Args

Unstake Vote

createUnstakeVoteInstruction

Accounts

Args