[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![dbaeza13 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1345810482624651271.png) Daniel Baeza [@dbaeza13](/creator/twitter/dbaeza13) on x 14.2K followers
Created: 2025-07-22 14:25:44 UTC

Now, haircuts

A HC is a REPO term, it's the % discount a lender applies to your collateral

If BTC is $100K and the platform uses a XX% HC, they only count it as $80K of usable collateral.

HCs protect lenders from collateral (il)liquidity

Repo explainer



XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947664360551419931/c:line.svg)

**Related Topics**
[risk and](/topic/risk-and)
[chapter 11](/topic/chapter-11)
[$80k](/topic/$80k)
[$100k](/topic/$100k)
[discount](/topic/discount)
[hc](/topic/hc)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/dbaeza13/status/1947664360551419931)