Your first position

There is no account, and the pages are open to look at without a wallet. Connecting does not sign anything, but to use DeVOLT you sign once (one free message that accepts the Terms and costs no gas). Closing a position in the app also needs a current signature. Acting on a position means signing a transaction, and only you can do that. These documentation pages need no wallet at all.

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, and connecting alone gives DeVOLT no permission to move anything. Opening a position does: the approval and any venue permission you sign then stay in place until you revoke them. As of October 2026, the contract those grants ultimately answer to is owned by a timelock that a Safe controls, so an upgrade is announced and waits before it takes effect, and the Security chapter explains what that means.

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, start on the Leverage page: those are the loops, where the collateral earns on the same asset you borrow. The ones that pay at today’s rates come first. A row that says what the position is long is a price trade rather than a loop, where a price move alone can liquidate the position, so a loop is the simpler first position. The chapter on borrowing explains what the other page 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.

Before the open, your wallet may ask for a few more signatures, each its own transaction: an approval for DeVOLT’s contract to spend exactly the amount you deposit (asked on each open, since it covers only that deposit), and, the first time, on some venues a permission for DeVOLT’s contracts to act on your account there, and on some Aave and Spark pairs a switch of your account’s efficiency mode on that venue, which applies to everything you hold in that venue’s pool. The open itself comes after them.

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.