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Proposal Finalization and Execution

After the voting period ends, proposals must be finalized to determine the outcome, then executed after the timelock passes.

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Finalize Proposal

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createFinalizeProposalInstruction

Finalizes a proposal after its voting period has ended. Determines whether the proposal passed or was rejected based on the rejection threshold. Anyone can call this instruction. 
import { createFinalizeProposalInstruction } from "@exponent-labs/exponent-sdk/client/vaults";

const ix = createFinalizeProposalInstruction({
  payer: wallet.publicKey,
  vault: vaultAddress,
  mintLp: vaultMintLp,
  proposal: proposalAddress,
});

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Accounts

NameSignerWritableDescription
payerYesYesTransaction fee payer
vaultNoNoThe vault account
mintLpNoNoVault LP mint (used to check total supply for threshold calculation)
proposalNoYesThe proposal to finalize

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Execute Proposal

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createExecuteProposalInstruction

Executes an approved proposal after the timelock period has passed. Applies the proposed VaultSettingsAction or PositionUpdate to the vault. Anyone can call this instruction. 
import { createExecuteProposalInstruction } from "@exponent-labs/exponent-sdk/client/vaults";

const ix = createExecuteProposalInstruction({
  payer: wallet.publicKey,
  vault: vaultAddress,
  proposal: proposalAddress,
  exponentPrices: exponentPricesPda,
  systemProgram: SystemProgram.programId,
});

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Accounts

NameSignerWritableDescription
payerYesYesTransaction fee payer
vaultNoYesThe vault account (modified by the proposal action)
proposalNoYesThe approved proposal to execute
exponentPricesNoYesExponentPrices account
systemProgramNoNoSystem program

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Cancel Proposal

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createCancelProposalInstruction

Cancels an active proposal before execution. Only the vault manager (or Exponent sentinel) can cancel proposals. 
import { createCancelProposalInstruction } from "@exponent-labs/exponent-sdk/client/vaults";

const ix = createCancelProposalInstruction({
  authority: wallet.publicKey, // manager or Exponent sentinel
  vault: vaultAddress,
  proposal: proposalAddress,
});

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Accounts

NameSignerWritableDescription
authorityYesNoManager (or Exponent sentinel) with cancellation rights
vaultNoNoThe vault account
proposalNoYesThe proposal to cancel