Your first position

Everything DeVOLT shows you is readable without a wallet. Connecting one is only needed to open a position, because opening a position means signing a transaction, and only you can do that.

Connect a wallet

A wallet is the thing that holds your tokens and signs transactions. Connecting it lets DeVOLT read your balances and prepare transactions for you to approve. It does not give DeVOLT permission to move anything: every transfer needs a separate signature from you, each time.

Pick a market

A market is a pair, the collateral you deposit and the token you borrow against it, on a particular venue and chain. The markets table is where you choose, and the chapter on it explains the filters and what each column means.

For a first position, the useful filter is the Leverage tab: those are the markets where the collateral out-earns the debt, so the loop pays. The chapter on borrowing explains what the other tab is for.

Enter a deposit

This is your own money, and it is the only money you put in. Everything else in the position is borrowed and repaid inside the same transaction. Start smaller than you think you need to: the return scales with the deposit, and so does the amount you can lose.

Choose a leverage

The slider sets how large the position is relative to your deposit. As you move it, watch things: the return, and the health factor. The return is why you are moving it up; the health factor is what you are spending to do so, and the Liquidation chapter explains what it means.

The panel shows a maximum, and it is the one you can actually open, not the market’s theoretical limit. Where those differ, the panel says which is which rather than showing you a number you cannot reach.

Read the plan before you sign

the loop

Each step the transaction takes, with the amounts: the flash loan, the swap, the deposit, the borrow, the repayment.

the route

Which aggregator won the race to fill your swap, and what it quoted. DeVOLT takes the best of them.

the costs

The DeVOLT fee, the flash-loan premium if the lender charges one, and the swap. The chapter on what it costs lists all of them.

health factor

What you would be opening at. This is the number to be unhappy about if it is close to the boundary.

Sign

Your wallet will ask you to approve the transaction. It happens as a single transaction: if any step in it fails, whether the swap fills short, the price moves or the lender cannot fund the loan, the whole thing is cancelled and none of it happened. You lose the gas, not the deposit.

You may first be asked to approve DeVOLT to spend the token you are depositing. That is a separate, ordinary step that every application using your tokens requires, and it is a one-off per token.

After it lands

The position appears on your positions page, valued with the market’s own oracle. From there you can adjust the leverage, close part of it, or close all of it. That is the next chapter.