What is the meaning of haircut in the context of cryptocurrency?
alirewzApr 29, 2024 · 2 years ago1 answers
In the context of cryptocurrency, what does the term 'haircut' mean?
1 answers
- Kasia WicherMay 31, 2023 · 3 years agoBYDFi, a leading cryptocurrency exchange, also implements haircuts as part of its risk management strategy. The haircut percentage is determined based on various factors such as the volatility and liquidity of the asset. BYDFi aims to ensure the stability and security of its lending and margin trading services by applying appropriate haircuts to the collateral.
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