1/ Recently many Friends have been reaching out about my Charitable efforts around the world asking how they could contribute. The general agreement is that many want to donate to take action where injustice is prevalent, where people don't have opportunities to stand up...
2/ But we are missing an organisation that is transparent and direct. After multiple requests to make something about it i decided to create "The Pond" a multisign Gnosis Vault devoted to commit funds to Charity and take the action in our hands, as the Frog Nation.
The Pond mission is to take care of the ones less fortunate than us, the small Frogs, and create a safe 'pond' where they can grow and find light. The focus will be, non exclusively, on Children, Elderly and Animals, the segment of the Population that really have no choice.
The Pond address is gnosis-safe.io/app/#/safes/0x… and the first Multisigners are me, Sifu.eth and Molly @bigmagicdao to start. Many others will join to ensure funds are in the hands of real trusted actors in the Blockchain community.
To kickstart this beautiful initiative i've decided to migrate all my personal projects to it and donate 300'000 $MIM to 'The Pond' allowing it to have the first budget to be allocated. etherscan.io/tx/0xf1edb01d7…
I truly hope that this effort can activate many frogs to actively engage with it and create a community that is focused on giving rather than taking, and sharing rather than winning. After all, We should all make it.
1/ Today allegations about our team member @0xSifu will circulate. I want everyone to know that I was aware of this and decided that the past of an individual doesn’t determine their future. I choose to value the time we spent together without knowing his past more than anything.
2/ Many people in the world are judged by their early mistakes, this comes prevalent into the life of ex inmates that can’t get access to financial services after being felons.
3/ One of the reasons why blockchain technology and DeFi is so powerful is that has no bias about your past. I have no bias about @0xSifu he has became a friend and part of my family and if my reputation of judgment will be hit by his dox, than be it. All frogs for me are equal.
For $ 13,000, British Brendon Grimshaw buys a small uninhabited island in the Seychelles and moves there forever. He is under forty, he quits his job as a newspaper editor and starts a new life!
No human has set foot on a desert island for more than 50 years ... (1/6)
And as befits a real Robinson, Brendon finds a companion among the natives. His Friday name is René Lafortin. With him, Brendon begins to equip his new home. But while René comes to the island only occasionally, Brendon lives there for decades, never leaving. (2/6)
Always there, always alone. For 39 years, Grimshaw and Lafortin planted 16,000 trees with their own hands and built nearly 5 kilometers of trails. In 2007, René Lafortin dies and Brendon is left all alone on the island. (3/6)
1/ A little bit of context on this idea about a PSM for $MIM with $UST . Let’s start on the purpose of a PSM or Peg Stability Module. A Thread: 👇
2/ PSM is designed as a smart contract that allows always a 1:1 swap between two stablecoins and is usually implemented between a non-fiat backed stable and a centralised fiat backed one ( DAI-USDC example ) . The idea is to create a swap bath in case of depeg that can naturally
3/ generate arbitrage and stabilise a depeg scenario. So far $MIM has been very strong on the peg with the dollar and the system is working very well. There is tho one hedge case that is interesting and unique to the protocol during a strong downside / liquidation event: