Why a market will not open

A market can be perfectly healthy and still not be one you can lever here. When that happens the market page says which reason applies rather than showing a disabled button, because “not available” on its own tells you nothing about whether to wait, act, or look elsewhere.

The reasons are grouped below by who can do something about them, which is the only grouping that changes what you should do next.

You can act on this

KYC required

The collateral is a permissioned real-world asset behind an on-chain approval list. It has no open liquidity, so it cannot be traded or levered here. Onboarding with the issuer is what unlocks it, and the panel links to them.

The venue has to change something

These are not properties of your wallet or your size, and nothing you approve will help. They are settings on the lending venue itself.

not enabled here yet

The venue requires its own governance to authorise DeVOLT to act for users, and has not. Trying would fail. You can still supply and borrow in the market directly on the venue.

collateral grants no borrowing power

The venue lists this collateral with a maximum loan-to-value of zero. It can be supplied, but nothing can be borrowed against it, so there is nothing to lever.

not accepting new borrows

The venue has switched borrowing off in this market by setting its cap below the debt already outstanding. Unrelated to how much liquidity is sitting there.

not accepting new deposits

The venue has capped how much collateral this market will take, and the cap is full.

paused

The venue has paused the market outright.

This recovers on its own

borrow cap reached

The venue caps how much of the loan token may be borrowed here and the cap is currently full. It frees up as existing borrowers repay.

not enough to flash

Opening needs to borrow the loan token for the length of one transaction, and no free lender on that chain holds enough of it. The panel names the lender it checked and what it measured, so the refusal shows its evidence instead of asserting.

The market is shaped in a way DeVOLT cannot drive

market not supported

DeVOLT levers this venue, but not this particular market, usually because its debt asset is outside what the venue adapter handles.

native collateral

The collateral is the coin of the chain itself rather than a token, and the contracts move tokens.

no adapter on this chain

The venue is supported, but the contract that drives it has not been deployed on this chain.

Something could not be read

no oracle price

The price feed for this market could not be read. Sizing a leveraged position without a price is not something to attempt.

no route

No aggregator would quote a trade into this collateral at all, so the buying step has nowhere to execute.

The market has an end date

matured

The collateral is a dated instrument that has passed its maturity. New positions are closed off; existing ones can still be exited, which is the direction that matters.

What a refusal never means

It is not a judgement about the market’s quality, and it is not a claim that the market is unsafe. Most of the reasons above are about DeVOLT’s reach rather than the market’s health, and nearly all of them leave the market perfectly usable directly on the venue that hosts it. Where that is the case the panel links you there.