Ціна MintifyMINT

RT @apecoin: Wheel of Fate begins 8/18. You'll need Wheel of Fate Balls to play. Will you mint them, or be left to buy on secondary? Jigs…

In Defi getting cash often means selling your valuable crypto assets. But what if you could get the cash you need without giving up your long-term investments? This is the core problem GHO solves. It’s a decentralized stablecoin, native to the Aave Protocol, that allows you to borrow a stable asset against your existing holdings, unlocking liquidity while your original assets keep working for you. ​Think of the Aave Protocol as a massive, automated, and highly secure digital pawn shop. You can deposit your valuable assets (like $ETH or $stETH) as collateral. Based on their value, the shop allows you to mint its own currency, $GHO, which is always worth one U.S. dollar. You can spend this $GHO anywhere you like. Later, you can return, pay back the $GHO with a small amount of interest, and retrieve your original assets, which may have appreciated in value or earned yield the entire time. GHO is the currency that makes this powerful system of capital efficiency possible. ❍ ​Key Features & Components ​GHO's design is built on a few core principles that ensure its stability, decentralization, and integration within the Aave ecosystem. ​Overcollateralization: Every $GHO token in circulation is backed by a larger value of cryptocurrency assets deposited in the Aave Protocol. This ensures that even during market volatility, there is always more than enough collateral to cover the total value of GHO, maintaining its solvency. ​Decentralized Minting: GHO is not created by a central company. It is minted directly by users in a permissionless manner. Anyone who has supplied collateral to the Aave V3 protocol has the ability to mint GHO against that collateral, putting control in the hands of the users. ​Facilitators: A core innovation of GHO is the concept of "Facilitators." These are protocols or entities that are approved by Aave Governance to trustlessly generate and burn GHO up to a specific credit limit. This mechanism is crucial for expanding GHO's adoption and maintaining its peg across different networks and use cases. ​DAO-Controlled Interest Rates: The interest rate that users pay to mint GHO is determined by the Aave DAO (the community of $AAVE token holders). All interest payments collected are sent directly to the DAO's treasury, creating a sustainable revenue stream for the Aave Protocol. ​❍ How It Works ​The process of using GHO is seamlessly integrated into the existing Aave V3 platform, making it a straightforward experience for users. ​🔸 Step 1: Supply Collateral A user first deposits eligible yield-bearing assets (such as $ETH, $wBTC, or Liquid Staking Tokens like $stETH) into an Aave V3 market. These assets immediately begin earning a supply yield, just as they would in any normal Aave interaction. ​🔸 Step 2: Mint GHO With collateral in place, the user can now enter a "borrow" position for $GHO. The Aave protocol calculates their borrow limit based on the value and risk parameters of their collateral, and the user can mint any amount of $GHO up to that limit. The newly created $GHO stablecoins are then sent to their wallet. ​🔸 Step 3: Utilize GHO The minted $GHO is a standard ERC-20 token and can be used freely across the DeFi ecosystem. Users can swap it on a DEX, use it for payments, provide it as liquidity to earn trading fees, or use it in any other application that accepts stablecoins. ​🔸 Step 4: Repay the Position To reclaim their full collateral, the user must repay the $GHO they minted plus any interest that has accrued. They can do this at any time, in full or in part. Once the debt is fully repaid, their borrowing position is closed. ❍ ​Its Importance ​GHO is important because it represents a major step forward in creating a more capital-efficient and decentralized financial system. Unlike centralized stablecoins which can be opaque and carry censorship risk, GHO's backing is fully transparent and verifiable on-chain. Its native integration into Aave is a game-changer, as it allows users to unlock liquidity while their underlying collateral continues to earn yield, a powerful financial primitive that was previously difficult to access. Furthermore, by directing all interest fee revenue to the Aave DAO treasury, GHO establishes a robust and sustainable economic engine for one of DeFi's most critical protocols, strengthening the entire ecosystem. ❍ ​Token Utility ​The utility surrounding GHO is twofold: it involves the function of $GHO itself and its synergistic relationship with Aave's native token, $AAVE. ​⚡ Utility of $GHO (The Stablecoin) The primary utility of $GHO is to serve as a decentralized, overcollateralized stablecoin pegged to the U.S. Dollar. It is designed to be a stable medium of exchange, a reliable store of value, and a common unit of account within the DeFi and Web3 economies. ​⚡ The Role of $AAVE (The Governance Token) The Aave Protocol, and therefore GHO, is governed by the holders of the $AAVE token. They are responsible for all critical decisions regarding GHO, including setting its interest rate, onboarding new collateral types, and approving which entities can act as "Facilitators." ​⚡ The Role of $stkAAVE (Staked Aave) This is the most unique incentive. Users who stake their $AAVE tokens in Aave's Safety Module (receiving $stkAAVE in return) are granted a significant discount on the interest rate when they mint GHO. This provides a powerful economic incentive for users to both secure the Aave Protocol and use its native stablecoin, creating a strong, self-reinforcing loop.

RT @DojoChimpers: Congrats to our fellow Chimpers fam @ClassicsCrypto on the mint out of @BattlePawss 🐒 To celebrate, the Dojo community i…

RT @jax_web3: Picked up some DMT Natcats (@dmtnatcats) today 🐱✨ Faded them for a while ‘cause I missed the mint… but with @natgmi heating…

If we ever see a NFT revival with ETH running Please don't mint new money grab trash, focus on the good ones Punks Pudgies Miladys BAYCs are doomed forever imo