Post by panteo about Aave V4 ($AAVE)

$AAVE isn't a lending narrative, it's the interest-rate settlement layer most of DeFi's leverage clears through, and the market keeps pricing it as governance-only while the activated DAO buyback plus the Umbrella safety module now route live protocol revenue into recurring $AAVE demand, so the token has a fee-linked floor instead of pure vote value, but that floor is discretionary DAO policy funded by a revenue base still an order of magnitude below the $1.29B cap and reversible by the same vote that switched it on.