Squads Jito Vault Initialization

This script initializes a Jito Vault Program through the Squads multisig SDK. It sets up the vault configuration and performs the initialization process.

Prerequisites

• Node.js (v18 or later recommended)
• npm or yarn

Installation

1. Clone the repository: git clone https://github.com/your-username/squads-jito-vault-init.git cd squads-jito-vault-init

2. Install dependencies: yarn install

Configuration

Before running the script, make sure to:

1. Replace the relevant vault args in src/index.ts:

• DEPOSIT_FEE_BPS
• WITHDRAWAL_FEE_BPS
• REWARD_FEE_BPS
• DECIMALS

Usage

Run the script using: yarn start -- [options]

The script will:

1. Set up a Squads multisig
2. Create and execute a transaction to initialize the Jito Vault config
3. Create and execute a transaction to initialize the Jito Vault

Command-line Arguments

The script accepts the following command-line arguments:

• --restaking-program-id <id>: Restaking Program ID (required)
• --vault-program-id <id>: Vault Program ID (required)
• --multisig-address <address>: Multisig Address (optional)
• --mint <address>: Mint Address (optional)
• --rpc-url <url>: RPC URL (default: https://api.devnet.solana.com)

Example:

yarn start --
--restaking-program-id ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnop \
--vault-program-id QRSTUVWXYZabcdefghijklmnopABCDEFGHIJKLMNOP \
--multisig-address 3Jq8ikZhdNtZc5NY3utNrevLRRvg5j2ADz7wLxjaPt5s \
--mint So11111111111111111111111111111111111111112 \
--rpc-url https://api.devnet.solana.com \
--wallet-path /path/to/your/wallet.json \

If --multisig-address is not provided, the script will create a new multisig. If --mint is not provided, the script will create a new mint.

Script Behavior

The script will:

1. Set up a Squads multisig (if not provided)
2. Create and execute a transaction to initialize the Jito Vault config
3. Create and execute a transaction to initialize the Jito Vault
4. Create and approve proposals for the transactions
5. Execute the approved transactions

Development

• yarn build: Compile TypeScript to JavaScript
• yarn dev: Run the script in development mode with hot reloading
• yarn lint: Lint the source code

Configuration

The script uses the following configuration parameters:

• mintDecimals: Set to 9 by default. Adjust this in the script if needed.
• Fees (in basis points):
  • depositFeeBps: 200 (2%)
  • withdrawalFeeBps: 200 (2%)
  • rewardFeeBps: 200 (2%)

To modify these parameters, edit the values in the main function of src/index.ts.

Development

• npm run build or yarn build: Compile TypeScript to JavaScript
• npm run dev or yarn dev: Run the script in development mode with hot reloading
• npm run lint or yarn lint: Lint the source code

https://github.com/jito-foundation/restaking/blob/master/vault_program/src/initialize_vault.rs

https://github.com/jito-foundation/restaking/tree/ddcb69ff9400bdbd716bbab64508c87dc5512494/vault_sdk

Disclaimer

This script is provided as-is, without any warranties or guarantees of any kind. The authors and contributors of this script take no responsibility for its use or any consequences that may arise from its execution. Users should exercise caution and thoroughly review the script before running it, especially when dealing with cryptocurrencies or blockchain transactions. Use this script at your own risk.