Version 2. Document slot: fee-schedule.
This Fee Schedule is the document your Gether Terms of Service, your Account and Cardholder Agreement and any Gether Credit Protocol Cardholder Terms published for your card point to for every figure they name. It states each charge Gether can make, each parameter that sizes a purchase backed by your assets, and each cost a third party takes that Gether passes through. Gether charges no fee that is not in this schedule.
Every figure below is stated at the date of this version. A figure is the value the Protocol applies when this version is in force. A change to any figure is a new version of this schedule, registered with its own checksum and made mandatory on a date that is your notice period; a Draw already open keeps the figures that applied when it opened. The names in capital letters with underscores are the Protocol's published parameter names; the names with dots are operator parameters an operator can set from the console within the bounds in Part 9, and a value so set never exceeds the bound and never applies to an open Draw.
Words with capitals (Draw, Earmark, Class Cap, Penalty, Liquidation Fee, UNHEDGED, Exposure Position, Venue) have the meanings given in the Gether Terms of Service, Part 24, and in the Gether Credit Protocol Cardholder Terms where Gether has published them for your card.
Part 1. Charges on a purchase backed by your assets
These are the only charges Gether makes on a Draw. There is no charge for paying a Draw back, early or on time, no charge for the return of your assets, and no charge for a statement, a notice or a record.
| Charge | Parameter | Value at the date of this version | How it is charged |
|---|---|---|---|
| Upfront Fee | GCP_UPFRONT_FEE_BPS | 160 basis points (1.6 percent) of the purchase | Charged once when the Draw opens, to your USDC balance; if the balance cannot cover it, collected when the Draw closes. Your membership tier may carry a lower rate; the rate shown before activation and on the Draw is yours. Not refunded on early repayment. |
| Upfront Fee minimum | GCP_UPFRONT_FEE_MIN_USD | 0.00 USD | The Upfront Fee is never less than this figure. |
| Exposure Cost Estimate, funding component | GCP_FUNDING_ESTIMATE_DAYS, GCP_FUNDING_TRAILING_HOURS | the trailing mean plus one standard deviation of the Venue's hourly funding rate over the trailing 168 hours, times 24, times 30 days, times the notional of your Exposure Position | An estimate, collected when the Draw opens and trued up when it closes: the difference between the estimate and the funding actually accrued is charged to you or added to your USDC balance. On an UNHEDGED Draw the whole estimate is returned. |
| Exposure Cost Estimate, venue fee component | GCP_VENUE_FEE_ESTIMATE_BPS | 12 basis points (0.12 percent) of the Earmark's value at open | An estimate of the Venue's trading fees on the four legs. The Venue takes its fees in kind from the assets, so while GCP_FEE_CHARGED_ONCE is on this component is returned to your USDC balance in full at close and you pay each Venue fee once. |
| Penalty (shown in the app as the late charge) | GCP_PENALTY_MONTHLY_RATE_BPS | 1093 basis points (10.93 percent) per 30 days | Accrues from the due time on the unpaid spend only, one thirtieth of the rate per day, simple, never on accrued Penalty, never on the Upfront Fee. Posted once per UTC date after 00:00 UTC (GCP_PENALTY_ACCRUAL_HOUR_UTC). A rate per 30 days, not an annual rate. The rate on a Draw is the lower of the rate set for its LTV band (gcp.penalty_bps.band1 to gcp.penalty_bps.band4, each GCP_PENALTY_MONTHLY_RATE_BPS until the founder writes a band row) and your tier's rate. It is fixed when the Draw opens and shown on the Draw; GCP_PENALTY_MONTHLY_RATE_BPS is the most any Draw can carry. |
| Penalty ceiling | GCP_PENALTY_MONTHLY_RATE_BPS_CEILING | 1093 basis points per 30 days | No tier's Penalty rate can exceed this figure; the Protocol refuses to start above it. |
| Liquidation Fee | GCP_LIQUIDATION_FEE_BPS | 100 basis points (1 percent) of the proceeds | Taken from the proceeds when held assets or an Exposure Position are sold to cover a Draw, at the hold end or on a margin call. The rest of the proceeds pays the Penalty, then the spend, then any charge still outstanding. |
Repayment. You repay from your USDC balance at any time, any amount, with no charge. A payment goes first to the Penalty accrued and unpaid, then to the spend. USDC is valued at the US dollar rate your units were credited at; a payment is rounded up to the smallest unit of USDC; a remainder under one cent in either direction is settled at zero, absorbed or kept by Gether as the Terms state.
The Penalty rate figure is served in the app only while GCP_PENALTY_RATE_DISCLOSURE_CLEARED is on (off at the date of this version); until it is on, no Draw can open for any member, so no Penalty can accrue.
Part 2. The period
| Clock | Parameter | Value at the date of this version | What it means |
|---|---|---|---|
| Period | GCP_PERIOD_DAYS | 30 days from the moment the Draw opens | Nothing accrues inside the Period. The due time is its end. |
| Past due to hold | GCP_PAST_DUE_GRACE_DAYS | 0 days after the due time | The Draw enters hold; the Penalty accrues from the due time regardless. |
| Hold period | GCP_HOLD_DAYS | 90 days after the due time | At the hold end an unpaid Draw is liquidated on the clock, without further notice on that day. |
Part 3. Backing: Class Caps and the Earmark
A Draw of S dollars against an asset in a class with Class Cap C basis points earmarks assets worth S x 10000 / C at the Money-Grade Price when the Draw opens. No Class Cap exceeds GCP_MAX_LTV_BPS, 5000 basis points at the date of this version, so a Draw is never more than 50 percent of the value earmarked for it (a backing multiple of at least 2.00).
| Asset class | Class Cap at the date of this version | Backing multiple | Operator parameter | Source of the figure |
|---|---|---|---|---|
| stablecoin | 5000 basis points (50 percent) | 2.00 | gcp.admission_cap_bps.stablecoin | the founder's ceiling for stablecoins |
| btc_eth | 3500 basis points (35 percent) | 2.86 | gcp.admission_cap_bps.btc_eth | recommended by the risk study of 2026-09-22; the founder decides |
| sol_hype | 3000 basis points (30 percent) | 3.33 | gcp.admission_cap_bps.sol_hype | recommended by the risk study of 2026-09-22; the founder decides |
| tsla_nvda | 3000 basis points (30 percent) | 3.33 | gcp.admission_cap_bps.tsla_nvda | recommended by the risk study of 2026-09-22; the founder decides |
| aapl | 3500 basis points (35 percent) | 2.86 | gcp.admission_cap_bps.aapl | recommended by the risk study of 2026-09-22; the founder decides |
| spy | 3500 basis points (35 percent) | 2.86 | gcp.admission_cap_bps.spy | recommended by the risk study of 2026-09-22; the founder decides |
| dollar_vault | 4000 basis points (40 percent) | 2.50 | gcp.admission_cap_bps.dollar_vault | ruling of 2026-09-22; the founder decides |
| other | 3000 basis points (30 percent) | 3.33 | gcp.admission_cap_bps.other | a default pending a risk study |
The class an asset belongs to is decided by Gether under the Terms of Service, Part 5. A Class Cap may be lowered by an operator at any time, for new Draws only; a raise takes a new version of this schedule.
Part 4. The Exposure Position and margin calls
| Rule | Parameter | Value at the date of this version | What it means |
|---|---|---|---|
| Leverage cap | GCP_BASE_LEVERAGE_X | 2 | The leverage of your Exposure Position is V0 / (V0 - S), capped at this figure; at the maximum Class Cap the two are equal. |
| Margin call, retention | GCP_MARGIN_CALL_RETENTION_BPS | 7500 basis points (75 percent) of the margin at open | Gether calls a hedged Draw when the Exposure Position's equity falls below this share of its margin; at the leverage cap that is a price fall of 12.5 percent from your entry price. |
| Coverage floor, hedged | GCP_MIN_COVERAGE_RATIO | 1.10 times the spend | Gether also calls a hedged Draw when the Exposure Position's equity falls below this multiple of the spend, whichever trigger fires first. |
| Coverage floor, UNHEDGED | GCP_UNHEDGED_MIN_COVERAGE_RATIO | 1.25 times the spend | Gether calls an UNHEDGED Draw when the escrowed units at the Money-Grade Price fall below this multiple of the spend. |
A margin call is not an invitation to add margin; the position is closed in the next batch and the Liquidation Fee applies. You may pay a Draw back at any time before a trigger is reached.
Part 5. Hedging floors and UNHEDGED Draws
The Venue refuses an order under its minimum notional, so a small purchase rests UNHEDGED: the Earmark stays as the asset in Protocol escrow, no sale and no Exposure Position happen, and the Period, the Upfront Fee, the Penalty, the hold and the liquidation at hold end all still apply. A Draw rests UNHEDGED when its spend is below the floor for its market, which is the larger of the default floor and the market's own floor below.
| Floor | Parameter | Value at the date of this version | Scope |
|---|---|---|---|
| Default floor for hedging | GCP_MIN_SPEND_TO_HEDGE_USD | 6.50 USD | Any asset with no market floor below. |
| Floor for BTC | per-market table | 4.50 USD | spot UBTC/USDC, perpetual BTC |
| Floor for ETH | per-market table | 4.50 USD | spot UETH/USDC, perpetual ETH |
| Floor for SOL | per-market table | 4.00 USD | spot USOL/USDC, perpetual SOL |
| Floor for HYPE | per-market table | 3.50 USD | spot HYPE/USDC, perpetual HYPE |
| Floor for TSLA | per-market table | 5.00 USD | spot TSLAX/USDC, perpetual xyz:TSLA |
| Floor for NVDA | per-market table | 4.50 USD | spot NVDAX/USDC, perpetual xyz:NVDA |
| Floor for AAPL | per-market table | 5.00 USD | spot AAPLX/USDC, perpetual xyz:AAPL |
| Floor for SP500 | per-market table | 6.50 USD | spot SPYX/USDC, perpetual xyz:SP500 |
Per-member cap on UNHEDGED Draws, GCP_MAX_UNHEDGED_PER_MEMBER_USD: 50.00 USD at the date of this version. The total spend of your open UNHEDGED Draws may not exceed it; a purchase that would is declined.
Part 6. Venue costs passed through, and the costs Gether bears
Gether sells your Earmark, opens and closes your Exposure Position and buys your asset back on the Venue. The Venue takes its trading fee on each leg in kind, from the proceeds or the position, at the tier the Venue assigns to Gether's account. Gether passes those fees through once, marks nothing up, and returns the cash estimate it collected for them at close (Part 1).
| Venue cost | Rate as read on 2026-09-22, tier 0 | Who bears it |
|---|---|---|
| Spot trading fee, taker (sell the Earmark, buy the asset back) | 0.07 percent of the leg | You, in kind, once |
| Perpetual trading fee, taker (open and close the Exposure Position) | 0.045 percent of the leg | You, in kind, once |
| Funding payments on the Exposure Position | the Venue's hourly rate for the market; positive is paid by long positions, negative is received | You, through the Exposure Cost Estimate and its true-up |
| Venue withdrawal fee on USDC leaving the Venue | 1 USDC per withdrawal, the Venue's published fee | Gether (the Protocol Pool's cost) |
| Bridge forward fee on USDC between the Venue's chain and Gether's | 0.20 USDC per transfer | Gether (the Protocol Pool's cost) |
The Venue's rates above are the Venue's own published tier 0 rates on the read date; the Venue can change them and can assign Gether a lower tier. Gether never sets them. The rate charged to your leg is the Venue's rate at the time of the leg and is recorded on the Draw.
| Settlement rule | Parameter | Value at the date of this version | What it means |
|---|---|---|---|
| Daily net settlement hour | GCP_POOL_SETTLE_HOUR_UTC | 02:00 UTC | Proceeds owed to the Protocol Pool, and a surplus owed to you after a sale, move from the Venue once a day at this hour. |
| Early settlement threshold | GCP_POOL_SETTLE_THRESHOLD_USD | 500.00 USD | A batch that reaches this figure moves before the daily hour. |
| Smallest transfer to the Venue | GCP_POOL_TO_VENUE_MIN_USD | 1.00 USD | Below it a transfer waits to net or to grow, because the forward fee would take a large part of it. |
| Fee allowance on an inbound transfer | GCP_POOL_SETTLEMENT_MAX_FEE_USD | 2.00 USD | The most the withdrawal fee and the forward fee may shorten a transfer by and still be matched to it; the shortfall is Gether's cost. |
The Venue is a third-party exchange for spot and perpetual futures trading, operated on its own blockchain by parties unrelated to Gether and chosen by Gether; its rates in this Part are its own and Gether sets none of them. The Issuer of your card is the card issuer named on your card and in your Account and Cardholder Agreement.
Part 7. Autopay and notices
| Rule | Parameter | Value at the date of this version | What it means |
|---|---|---|---|
| Autopay default | GCP_AUTOPAY_DEFAULT_ON | on | On for every member unless turned off in the app. Autopay takes the full owed figure or nothing. |
| Autopay lead | GCP_AUTOPAY_LEAD_HOURS | 0 hours before the due time | The first autopay attempt. |
| Autopay retries | GCP_AUTOPAY_RETRY_DAYS | 7 days | Once a day while the Draw stays open and unpaid. |
| Due reminder | GCP_DUE_REMINDER_LEAD_DAYS | 3 days before the due time, and the morning of | A notice, not a charge. |
| Sale notice | GCP_SALE_NOTICE_LEAD_DAYS | 7 days before the hold end | A notice, not a charge. |
Part 8. Network costs recovered at cost, and the other charges on your account
When Gether pays a network cost to move your money, that cost may be recovered from you at cost, never marked up, and only in the mode below, and only once this schedule is a mandated document you have accepted. In the off mode nothing is recovered.
| Rule | Parameter | Value at the date of this version | What it means |
|---|---|---|---|
| Network cost recovery mode | fees.network_cost_recovery_mode | off | off recovers nothing; apy adds the cost to your balance through the daily accrual over the statement month; upfront charges a fee line at the action, capped below. |
| Most one upfront network fee may charge | fees.network_fee_max_usd | 5.00 USD | An action estimated above it is refused before it starts; a measured cost above it is charged at the ceiling and the rest is Gether's. |
| Charge | Parameter | Value at the date of this version | How it is charged |
|---|---|---|---|
| Replacing a lost or stolen card | card replacement fee | 1.00 USD | Taken from your balance when a replacement is sent. |
| Swapping one asset for another | SWAP_FEE_BPS | not charged | Kept from what you receive, in the asset you receive, when above zero. |
| Holding your assets | COLLATERAL_HOLDING_APR_BPS | not charged | Charged only while the holding accrual is on; nothing accrues it at the date of this version. |
| Interest on a balance still to pay back (the older card program) | REVOLVING_APR_FLOOR_BPS to REVOLVING_APR_CEILING_BPS | not charged | Charged only while the interest accrual is on; a Protocol Draw carries no interest, only the Penalty after the due time. |
| Settling a purchase through the older rail | the older rail's settlement fee | not charged | The older rail's own fee on each settlement, only while that rail is on; it is off at the date of this version. |
| Sale of holdings to settle a balance on the older rail | LIQUIDATION_PENALTY_BPS | not charged | Only while the older rail is on. A Protocol Draw carries the Liquidation Fee of Part 1 instead. |
Adding assets, sending assets to your own address, your account itself and paying with your card carry no Gether charge. The network you send from or on sets its own transaction cost, and a payment partner you buy or sell through sets its own fee; Gether adds nothing to either.
Part 9. Operator parameters and their bounds
An operator can set these from Gether's console, with a reason recorded, inside the bounds below and never above a limit this schedule or the Terms state. A set value applies to new Draws only. The default is the value that applies when no operator has set one.
| Operator parameter | Kind | Default at the date of this version | Unit | Minimum | Maximum |
|---|---|---|---|---|---|
| fees.network_cost_recovery_mode | choice | off | |||
| fees.network_fee_max_usd | decimal | 5.00 | USD | 0.10 | 100.00 |
| gcp.admission_cap_bps.aapl | int | 3500 | bps | 0 | 5000 |
| gcp.admission_cap_bps.btc_eth | int | 3500 | bps | 0 | 5000 |
| gcp.admission_cap_bps.dollar_vault | int | 4000 | bps | 0 | 5000 |
| gcp.admission_cap_bps.other | int | 3000 | bps | 0 | 5000 |
| gcp.admission_cap_bps.sol_hype | int | 3000 | bps | 0 | 5000 |
| gcp.admission_cap_bps.spy | int | 3500 | bps | 0 | 5000 |
| gcp.admission_cap_bps.stablecoin | int | 5000 | bps | 0 | 5000 |
| gcp.admission_cap_bps.tsla_nvda | int | 3000 | bps | 0 | 5000 |
| gcp.margin_call_retention_bps | int | 7500 | bps | 5000 | 9900 |
| gcp.max_unhedged_per_member_usd | decimal | 50.00 | USD | 1.00 | 10000.00 |
| gcp.min_coverage_ratio | decimal | 1.10 | ratio | 1.00 | 3.00 |
| gcp.min_spend_to_hedge_usd | decimal | 6.50 | USD | 0.00 | 1000.00 |
| gcp.penalty_bps.band1 | int | 1093 | bps per 30 days | 0 | 10000 |
| gcp.penalty_bps.band2 | int | 1093 | bps per 30 days | 0 | 10000 |
| gcp.penalty_bps.band3 | int | 1093 | bps per 30 days | 0 | 10000 |
| gcp.penalty_bps.band4 | int | 1093 | bps per 30 days | 0 | 10000 |
| gcp.pool_fronting_floor_usd | decimal | 500.00 | USD | 0.00 | 10000000.00 |
| gcp.unhedged_min_coverage_ratio | decimal | 1.25 | ratio | 1.00 | 3.00 |
Part 10. How this schedule changes
This schedule is registered as a document with a version label and the SHA-256 checksum of this exact text. A registered version is immutable. A new version is published when registered and becomes mandatory on the date Gether sets for it; the time between is your notice period. Your acceptance is recorded with the version and the checksum of the text you were shown. A Draw keeps the figures in force when it opened. A version of this schedule cannot be registered while it carries an unresolved counsel mark.
End of the Gether Fee Schedule, version 2.