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createTradePtExactOutInstruction

Sells PT tokens to receive an exact amount of SY tokens. This instruction uses createTradePtExactOutInstruction with swapDirection: { sellPt: {} } to sell PT on the CLMM market and receive a precise quantity of SY. The caller specifies the exact SY amount to receive, and an optional maximum PT input constraint can be set for slippage protection.

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Usage

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

const ix = createTradePtExactOutInstruction({
  trader: traderKeypair.publicKey,
  market: new PublicKey("market..."),
  ticks: new PublicKey("ticks..."),
  tokenSyTrader: new PublicKey("tokenSyTrader..."),
  tokenPtTrader: new PublicKey("tokenPtTrader..."),
  tokenSyEscrow: new PublicKey("tokenSyEscrow..."),
  tokenPtEscrow: new PublicKey("tokenPtEscrow..."),
  addressLookupTable: new PublicKey("lookupTable..."),
  tokenProgram: new PublicKey("TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA"),
  syProgram: new PublicKey("syProgram..."),
  tokenFeeTreasurySy: new PublicKey("tokenFeeTreasurySy..."),
  tokenFeeTreasuryPt: new PublicKey("tokenFeeTreasuryPt..."),
  eventAuthority: new PublicKey("eventAuthority..."),
  program: new PublicKey("program..."),
  amountOut: 1_000_000n,
  swapDirection: { sellPt: {} },
  amountInConstraint: 1_100_000n,
  priceSpotLimit: 1.05,
});

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Accounts

NameTypeSignerWritableDescription
traderPublicKeyYesYesWallet executing the trade
marketPublicKeyNoYesThe CLMM market account
ticksPublicKeyNoYesThe market tick array account
tokenSyTraderPublicKeyNoYesTrader’s SY token account
tokenPtTraderPublicKeyNoYesTrader’s PT token account
tokenSyEscrowPublicKeyNoYesMarket SY escrow account
tokenPtEscrowPublicKeyNoYesMarket PT escrow account
addressLookupTablePublicKeyNoNoMarket address lookup table
tokenProgramPublicKeyNoNoSPL Token program
syProgramPublicKeyNoNoSY program
tokenFeeTreasurySyPublicKeyNoYesSY fee treasury account
tokenFeeTreasuryPtPublicKeyNoYesPT fee treasury account
eventAuthorityPublicKeyNoNoEvent authority PDA
programPublicKeyNoNoCLMM program ID

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Args

NameTypeDescription
amountOutu64The exact amount of SY tokens to receive
swapDirectionSwapDirectionSet to { sellPt: {} } to sell PT
amountInConstraintu64 (optional)The maximum amount of PT to spend as slippage protection
priceSpotLimitf64 (optional)The price limit for the trade

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Returns

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