solana/tokens

Distribute Solana tokens

A user may want to make payments to multiple accounts over multiple iterations. The user will have a spreadsheet listing public keys and token amounts, and some process for transferring tokens to them, and ensuring that no more than the expected amount are sent. The command-line tool here automates that process.

Distribute tokens

Send tokens to the recipients in <BIDS_CSV>.

Example bids.csv:

primary_address,bid_amount_dollars
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv,6.6

solana-tokens distribute-tokens --from <KEYPAIR> --dollars-per-sol <NUMBER> --from-bids --input-csv <BIDS_CSV> --fee-payer <KEYPAIR>

Example transaction log before:

recipient,amount,signature
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv,30,1111111111111111111111111111111111111111111111111111111111111111

Send tokens to the recipients in <BIDS_CSV> if the distribution is not already recordered in the transaction log.

solana-tokens distribute-tokens --from <KEYPAIR> --dollars-per-sol <NUMBER> --from-bids --input-csv <BIDS_CSV> --fee-payer <KEYPAIR>

Example output:

Recipient                                     Amount
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv  70
3ihfUy1n9gaqihM5bJCiTAGLgWc5zo3DqVUS6T736NLM  42
UKUcTXgbeTYh65RaVV5gSf6xBHevqHvAXMo3e8Q6np8k  43

Example transaction log after:

solana-tokens transaction-log --output-path transactions.csv

recipient,amount,signature
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv,30,1111111111111111111111111111111111111111111111111111111111111111
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv,70,1111111111111111111111111111111111111111111111111111111111111111
3ihfUy1n9gaqihM5bJCiTAGLgWc5zo3DqVUS6T736NLM,42,1111111111111111111111111111111111111111111111111111111111111111
UKUcTXgbeTYh65RaVV5gSf6xBHevqHvAXMo3e8Q6np8k,43,1111111111111111111111111111111111111111111111111111111111111111

Calculate what tokens should be sent

List the differences between a list of expected distributions and the record of what transactions have already been sent.

solana-tokens distribute-tokens --dollars-per-sol <NUMBER> --dry-run --from-bids --input-csv <BIDS_CSV>

Example bids.csv:

primary_address,bid_amount_dollars
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv,6.6
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv,15.4
3ihfUy1n9gaqihM5bJCiTAGLgWc5zo3DqVUS6T736NLM,9.24
UKUcTXgbeTYh65RaVV5gSf6xBHevqHvAXMo3e8Q6np8k,9.46

Example output:

Recipient                                     Amount
6Vo87BaDhp4v4GHwVDhw5huhxVF8CyxSXYtkUwVHbbPv  70
3ihfUy1n9gaqihM5bJCiTAGLgWc5zo3DqVUS6T736NLM  42
UKUcTXgbeTYh65RaVV5gSf6xBHevqHvAXMo3e8Q6np8k  43

Distribute stake accounts

Distributing tokens via stake accounts works similarly to how tokens are distributed. The big difference is that new stake accounts are split from existing ones. By splitting, the new accounts inherit any lockup or custodian settings of the original.

solana-tokens distribute-stake --stake-account-address <ACCOUNT_ADDRESS> \
    --input-csv <ALLOCATIONS_CSV> \
    --stake-authority <KEYPAIR> --withdraw-authority <KEYPAIR> --fee-payer <KEYPAIR>

Currently, this will subtract 1 SOL from each allocation and store it the recipient address. That SOL can be used to pay transaction fees on staking operations such as delegating stake. The rest of the allocation is put in a stake account. The new stake account address is output in the transaction log.