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)
He has attracted 2 000 new bird species to the island and introduced more than 100 giant tortoises, which are already threatened with extinction in the rest of the world (including the Seychelles). Thanks to Grimshaw's efforts, (4/6)
the once deserted island is now home to two-thirds of the Seychelles fauna. An abandoned piece of land, transformed into a true paradise.
In 2010, the prince of Saudi Arabia offers Brendon Grimshaw $ 50 million for the island, but Robinson refuses. (5/6)
“I don't want the island to become a favorite vacation spot for the rich. Better be a national park that everyone can enjoy. "
And in 2008 he got the island declared a national park. (6/6)
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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: