Cryptic crossword clue
Used coloured hoops tossed around pole 8

The most common and most likely answer to this crossword clue is the 8 letter word DEPLOYED

I've seen this crossword clue in Financial Times
D
E
P
L
O
Y
E
D

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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does DEPLOYED mean?

DEPLOYED verb
  1. To prepare and arrange (usually military unit or units) for use.
  2. To unfold, open, or otherwise become ready for use.
  3. To install, test and implement a computer system or application.

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