account preview
An account you can take apart.
Every figure below is computed from one example portfolio by the same engine the product runs on. Sort the holdings, scrub the chart, and push the market down to see what happens to the cushion.
Figures on this page describe one example account at the reference prices the pricing engine carries. They are an illustration of how the account works, not an offer, a quote, or anyone's balance.
Move across the chart with the pointer, or focus it and use the arrow keys, to read any point. The shape of the history is an illustration; the figure it ends on is the example account's, computed from what it holds.
Holdings
Eligibility and collateral value are not fixed. They move with price, and with the haircut each asset takes.
| EtherWETH Crypto | $3,550 | -1.44% | $33,370 | 39.6% | $17,395$24,850 at 70% |
|---|---|---|---|---|---|
| Apple, tokenizedAAPLX Tokenized equity | $235 | +0.52% | $22,560 | 26.8% | $11,280$22,560 at 50% |
| BitcoinCBBTC Crypto | $64,000 | -2.72% | $22,400 | 26.6% | $15,680$22,400 at 70% |
| US dollar coinUSDC Cash | $1.00 | 0.00% | $5,920 | 7.0% | $3,600$4,000 at 90% |
- EtherWETH Crypto$33,370-1.44%
- Weight
- 39.6%
- Price
- $3,550
- Locked
- $24,850
- Haircut
- 70%
Collateral value$17,395 - Apple, tokenizedAAPLX Tokenized equity$22,560+0.52%
- Weight
- 26.8%
- Price
- $235
- Locked
- $22,560
- Haircut
- 50%
Collateral value$11,280 - BitcoinCBBTC Crypto$22,400-2.72%
- Weight
- 26.6%
- Price
- $64,000
- Locked
- $22,400
- Haircut
- 70%
Collateral value$15,680 - US dollar coinUSDC Cash$5,9200.00%
- Weight
- 7.0%
- Price
- $1.00
- Locked
- $4,000
- Haircut
- 90%
Collateral value$3,600
Why the collateral column is smaller than the value column
A locked position counts toward spending power at its own rate, not at its full value. Cash counts for most of what it is worth because it does not move; a single-name tokenized equity counts for the least because it moves the most. The gap is the margin the account keeps so a fall in price does not immediately put the drawn balance underwater.
Those rates are set by the collateral catalog and can change, and eligibility is decided per asset. Neither is promised in advance.
Spending
The ceiling is what the locked positions support after haircuts. The drawn balance is what has been spent and not yet repaid. What is left is what the card can authorize today.
Account health
Health is the cushion between what is locked and what is drawn. It is checked on every authorization, and a charge is declined below 1.25x cover. Move the market and watch it close.
Locked collateral is comfortably above the drawn balance. Nothing to do.
Below this the account is in Watch. Nothing is sold, but the gap has narrowed.
New charges are declined from here, and holdings can be sold to settle the drawn balance.
A market move is applied to the priced positions and not to the cash lane, which is why an account holding cash falls further before it reaches either line. The falls quoted are for this example account at this drawn balance; a different balance moves both.
Activity
Open a row to see what the event did to the account.
Tartine BakeryCard 2026-07-15 Dining-$126.00
Approved against available spending power. The charge added to the drawn balance and did not sell any position.
Spending power updatedSpending power 2026-07-15no money moved
Locked collateral was repriced, so the ceiling moved with it. Spending power is recalculated from what is locked, at each asset's own haircut.
United AirlinesCard 2026-07-13 Travel-$412.60
Approved. Larger charges draw more of the ceiling, so the cushion between collateral and drawn balance narrows until the balance is repaid.
Payment receivedPayment 2026-07-10+$2,956.00
A repayment reduces the drawn balance, which restores the same amount of spending power and widens the cushion.
Collateral value adjustedCollateral 2026-07-09no money moved
Reference prices moved. Collateral is marked at the value of what is locked, so this changes the ceiling and the cushion without any charge being made.
Automatic payment scheduledPayments 2026-07-06no money moved
The suggested payback plan is set to draw on the schedule shown in Payments. It can be changed or turned off.
Account connectedConnection 2026-06-11no money moved
A supported account was connected and its holdings became visible. Connecting an account does not lock anything: locking is a separate step you choose per position.
Payments
| Month | Payment | Carry | Principal | Balance after |
|---|---|---|---|---|
| 1 | $3,398.83 | $443.33 | $2,955.50 | $26,599.50 |
| 2 | $3,354.49 | $398.99 | $2,955.50 | $23,644.00 |
| 3 | $3,310.16 | $354.66 | $2,955.50 | $20,688.50 |
| 4 | $3,265.82 | $310.32 | $2,955.50 | $17,733.00 |
| 5 | $3,221.50 | $266.00 | $2,955.50 | $14,777.50 |
| 6 | $3,177.16 | $221.66 | $2,955.50 | $11,822.00 |
| 7 | $3,132.83 | $177.33 | $2,955.50 | $8,866.50 |
| 8 | $3,088.50 | $133.00 | $2,955.50 | $5,911.00 |
| 9 | $3,044.16 | $88.66 | $2,955.50 | $2,955.50 |
| 10 | $2,999.84 | $44.34 | $2,955.50 | $0.00 |
The schedule pays the balance down in equal principal steps and charges carry on what is still outstanding, which is the model the account's own payback plan uses. The rate applied here is the disclosure figure the account agreement carries, not a rate quoted to anyone.
- Freeze card
- Active
- Mobile wallet
- Added to a mobile wallet
- Online purchases
- Allowed
- International purchases
- Blocked
- Monthly spend limit
- $4,000
- Spent this month
- $1,863.40
Card controls are operated from the gether app and the signed-in account. This board shows what the example account is set to.
Health at a glance
Locked collateral is comfortably above the drawn balance. Nothing to do.
Statements and settings
Statements, connected accounts, notification rules and security settings live in the signed-in account. They are not reproduced here, because a settings screen that cannot save anything teaches a reader nothing about the product.
- Portfolio value
- Everything the account holds, locked or not, at reference prices.
- Eligible collateral
- The market value of the positions you have locked. Unlocked positions count for nothing.
- Spending power
- Eligible collateral after each asset's haircut. The ceiling, before anything is drawn.
- Drawn balance
- What has been spent and not yet repaid, plus the carry accrued on it.
- Utilization
- The share of the ceiling in use. Not a score, and not a grade.
- Account health
- Locked collateral divided by the drawn balance. Charges are declined below 1.25x.
A term you have not met before is usually a haircut
the share of a locked position that counts toward spending power. It is a margin the account keeps, not a fee, and nothing is deducted from your holdings.account health
the ratio of locked collateral to the drawn balance. Above the guardrail the account spends normally; at it, charges are declined and holdings can be sold to settle what is drawn.
See it with your own numbers.
Tell us what you hold and roughly what you spend, and we will come back to you when access opens.