if GHO is above peg for any reason, it’s profitable to mint GHO with for example another stablecoin and “short it” on stableswaps and earn slippage.
With emode very efficient leverage can be enabled to do this both ways.
If GHO is “under peg” it’s profitable to pay back debt. Allowing GHO total supply to go down as debt repaid is GHO burnt as helping peg to be restored.
This kind of mechanism proved its resilience with other actors of the ecosystem since years.
“Let ppl make money by protecting the system”