Markets - XOXNO Docs

A market is one HubAssetKey row in the central pool, used under spoke risk settings.

HubAssetKey { hub_id: u32, asset: Address }

Think of Aave’s “reserve” as this coordinate plus SpokeAsset flags — not a separate pool contract.

What you get per market

Layer	Stores
Pool `Params` / `State`	Rate curve, reserve factor, flash-loan settings, cash, indexes, scaled supply/debt, revenue
`SpokeAsset`	Collateral/borrow flags, spoke caps, LTV, liquidation threshold/bonus/fee, and the `paused` / `frozen` / `no_seize` halt flags

Activation

State	Meaning
Listed, no oracle	Pool rows exist, but no oracle is configured yet. Every priced action fails.
Price-active	An oracle is configured and currently resolving a valid price. Actions proceed, subject to spoke flags and caps.
Price failing	The oracle is configured but cannot produce a trusted price right now — stale feed, sources disagreeing, or a sanity-bound breach. Priced actions fail until it recovers.

There is no way to remove an oracle. The price aggregator exposes set_oracle, set_sanity_band, and set_tolerance — all replace or adjust, none delete. A market that stops pricing is failing, not disabled.

Listing sequence

Every step is a timelocked governance operation. There is no token-approval step.

Ensure the central pool exists (DeployPool, once for the protocol)
Create the market on it (CreateLiquidityPool)
Configure the asset’s oracle (ConfigureAssetOracle)
Add SpokeAsset rows on the spokes that should use it (AddAssetToSpoke)

Deep parameter tables: Markets (dev)