How your spending power works.
Four things run everything: adding money, choosing what powers your card, your safety cushion, and settling what you spend. Here is each one in plain terms, with the numbers the system actually enforces.
1. Add money, then choose what powers your card
Money you add is simply yours. It sits in your holdings, does nothing on its own, and you can withdraw it. Making some of it spendable is a separate choice you make, and that is what turns it into spending power.
What powers your card stays yours and keeps its market exposure. It is not sold, and taking it back out is a single action. Each asset counts for a different share of its value: a dollar stablecoin like USDC counts for nearly all of it, an asset whose price moves counts for less. The exact share per asset is on the Markets page of your account.
2. Spending power
Your spending power is the counted value of everything powering your card, minus what you have already spent against it. It moves with market prices: if what powers your card rises, your spending power rises; if it falls, it falls. Nothing is sold to work it out.
3. Your safety cushion
Your cushion is the room between what powers your card and what you have spent against it. The guardrail declines any purchase that would leave that ratio below 1.25x. Below 1.5x your account says the cushion is getting thinner, so there is time to act.
You rebuild the cushion two ways: pay back part of what you spent, or make more of what you hold spendable.
4. What you spend, cost, and selling
What you spend becomes a drawn balance against the holdings powering your card, and you pay it back on your schedule.
If prices fall far enough that your cushion stays below the 1.25x guardrail, we may need to sell some of what powers your card to settle what you spent. That is the real risk of spending against assets whose price moves: the disclosure in the footer is not boilerplate.