how it works
Spend from what you hold. Keep holding it.
Gether is a card that spends against the stocks, crypto and cash you hold.
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the four steps
How does Gether work?
You deposit, each asset counts for a share of its value, you tap, and you repay. Below that, what happens when prices fall.
- 01
Deposit what you hold.
What you deposit arrives in one account, is valued, and is locked as collateral in the same step. You can unlock what is not needed to cover what you have drawn, and unlocking is one action.
- 02
See what each asset counts for.
Every locked asset is valued, then takes a haircut. It counts for a share of its value rather than all of it. The shares, added up, are your spending power. The account shows the share for each asset before you deposit it. Other assets are counted as the rail adds them.
- 03
Tap.
An approved charge is drawn against your collateral, and your drawn balance rises by that amount. Drawn balances have to be repaid.
- 04
Repay.
Drawn balances have to be repaid, whatever the market does. Repaying part of the balance or depositing more of what you hold restores spending power.
one word to know
What is a haircut?
A haircut is the share of an asset's value held back before it counts toward your spending power. Cash takes a small one because it does not move. A single stock takes a large one because it moves the most. The part held back is the cushion. A haircut is not a fee, and nothing is taken from you.
What a haircut is, at lengthwhen prices fall
What happens when prices fall?
Your spending power is derived from what your locked positions are worth now. When they fall, it falls, and it can fall below what you have already drawn.
- The warning
- As the cushion thins the account says so. Repaying part of the balance or depositing more of what you hold restores it.
- The required level
- Locked collateral has to stay above a required level relative to what you have drawn.
- The sale
- Collateral can be sold to settle what has been drawn, at market prices and on the market's timing. A sale can happen without notice. It realises whatever gain or loss the position carries at that moment and may have tax consequences.
questions
Questions, answered.
How do I spend against my assets?
Spending draws against the value of what you have locked, after a per-asset haircut. Your spending power is shown in the account before you tap, and drawn balances have to be repaid.
What stops me from spending more than my holdings are worth?
Spending power is what your locked collateral counts for after each asset's haircut, less what you have already drawn, and it is shown in the account before you tap. Your locked collateral has to stay above a required level relative to what you have drawn. You restore headroom by repaying part of the drawn balance or by depositing more of what you hold.
What can back my spending power?
Stocks, crypto and cash held as a dollar stablecoin. Each takes its own haircut, and what each counts for is shown in your account before you deposit it. Other assets are counted as the rail adds them.
What does it cost?
Drawn balances have to be repaid. The pricing page lists every cost before it applies to anyone.
Who is Gether for?
People and companies who hold positions they would rather keep than sell to pay for things. Gether is built for three classes of holding: stablecoins, major crypto, and stocks with treasuries and funds held as tokens. Gether is in a waitlist phase. Join the waitlist and we will email you when access opens.