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How Ichi Tokens Plunged 90% After Bad Debt Fiasco on Rari

Cascading liquidations on an overcollateralized pool on Rari led to a sudden price drop, observers noted.

Updated May 11, 2023, 5:29 p.m. Published Apr 12, 2022, 9:59 a.m.
Ichi's Fuse pool liquidity slumped to $0. (Sirocco/Shutterstock)
Ichi's Fuse pool liquidity slumped to $0. (Sirocco/Shutterstock)