Spending against what you hold
How do you spend against your stocks?
Your stocks, held as tokens, are locked as collateral and count for a share of their value, and the card spends against that share. Stocks are counted as the rail adds them.
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What is a draw?
A draw is a card charge against your spending power. It adds to a drawn balance, and drawn balances have to be repaid.
Your stocks count for a share of their value, and the card spends against that share.
What counts today?
Gether is built for stocks, crypto and cash, and the account shows what each counts for before you deposit it. Other assets are counted as the rail adds them.
USDC
BTC
AAPL
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, and a stock held as a token takes the largest haircut of the three when it is counted.
The part held back is the cushion. It lets a price fall before your spending exceeds what your collateral supports.
What happens when prices fall?
Your spending power falls with them. As the cushion thins the account says so, and collateral can be sold to settle what was drawn, at market prices and without notice.
Repaying part of the balance or depositing more restores headroom at any step.
What do you owe?
Drawn balances have to be repaid, whatever the market does. A fall in prices reduces what the account can support, and what has already been drawn stays owed.
Keep what you own. Spend anyway.
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