The @GHOAave stablecoin is officially live on mainnet! 👻 GHO is a decentralized, over-collateralized stablecoin native to the @AaveAave protocol. One of the most useful, important, and empowering primitives in crypto are stablecoins like GHO. Here I'll cover the quick 101 on GHO, and for developers - how to build with it. ## AAVE DAO and Facilitators GHO is fully governed by the Aave DAO, who together set the rules and policies that govern GHO, including the permitted supply of GHO, setting and adjusting the interest rate and minting caps, determining the risk parameters. The architecture of GHO introduces unique roles, including Facilitators approved and governed by Aave Governance to mint GHO. Governance-approved facilitators will be able to mint up to a specified amount of GHO agreed upon by the DAO. To propose a change, community members must submit a proposal to the DAO, which is discussed openly among the community over a period of time, and followed by a vote. The vote determines whether the proposal will be supported and implemented by the DAO. The first GHO facilitator is the Aave V3 market on Ethereum, allowing users to mint GHO against collateral held in Aave V3, which has extensive risk mitigation features, including e-mode, isolation mode and supply caps. At launch, the mint capacity of this facilitator is $100M, and can be updated by the Aave DAO (pending governance approval). ## Minting GHO Anyone can mint GHO using the assets they supply into the Aave Protocol V3 Ethereum market as collateral, ensuring that GHO is overcollateralized by a multitude of assets. With GHO, the underlying mechanics and policies are fixed and cannot be changed arbitrarily by a centralized entity or an individual. All transactions are conducted via self-executing smart contracts, and all information regarding GHO transactions is published and auditable directly from blockchain or from many UIs. A unique feature of GHO is that the collateral deposited into the Aave V3 protocol is productive and continues to earn yield, reducing the user’s cost of borrowing GHO. ## Developers GHO has been designed prioritizing developer experience. With the Mainnet deployment, developers have the opportunity to seamlessly integrate into pre-existing applications and architect novel solutions that cater to the needs of actual users. The GHO SDK is a JavaScript wrapper to enable simple integration into existing use-cases and applications. To start building with GHO check out the GHO SDK here: docs.gho.xyz/developer-docs/… ## Next steps If you want to learn more, check out the docs here: docs.gho.xyz The blog post here: aave.mirror.xyz/t7qcU668gSp9… And the codebase here: github.com/aave/gho-core If you got this far, drop your ENS or ETH address here - I'm aidropping 50 GHO to 1 lucky person :)