AAVE was at $89 last week. CT was selling the Chaos Labs exit. It's at $106 today. The same week the risk manager left: AWW proposal passed with a landslide. All product revenue from Aave Pro, App, and Horizon now routes to the DAO. SOC 2 certified April 11. $350M USDT deposited in a single transaction on April 14. $89 was the price of a governance token on a protocol that just lost its risk manager. $106 is the price of a SOC 2 certified, DAO revenue protocol with $25B TVL and institutional money actively deploying. The market spent a week pricing the departure. It forgot to price what was left. Chaos Labs gap is still open. Every V4 cap increase until that seat is filled is a live test. But the protocol isn't waiting for the risk manager to show up before it moves. Bullish AAVE. The risk manager vacancy is the last overhang. What does the price look like when that seat gets filled?