We consider level-sets of the Gaussian free field on $\mathbb Z^d$, for $d\geq 3$, above a given real-valued height parameter $h$. As $h$ varies, this defines a canonical percolation model with strong, algebraically decaying correlations... We prove that three natural critical parameters associated to this model, namely $h_{**}(d)$, $h_{*}(d)$ and $\bar h(d)$, respectively describing a well-ordered subcritical phase, the emergence of an infinite cluster, and the onset of a local uniqueness regime in the supercritical phase, actually coincide, i.e. $h_{**}(d)=h_{*}(d)= \bar h(d)$ for any $d \geq 3$. At the core of our proof lies a new interpolation scheme aimed at integrating out the long-range dependence of the Gaussian free field. The successful implementation of this strategy relies extensively on certain novel renormalization techniques, in particular to control so-called large-field effects. This approach opens the way to a complete understanding of the off-critical phases of strongly correlated percolation models. (read more)