Looking at the results, Spark @sparkdotfi is almost the biggest winner in this Aave incident: Aave's TVL dropped from over $40 billion to just over $28 billion, with $15 billion in funds flowing out within a few days. Meanwhile, Spark's TVL surged from over $7 billion to $9.426 billion, net deposits increased to $5.258 billion, and fees rose from $82,600 to $146,400. At the same time, Upbit listed SPK, and the token price doubled within 48 hours. This is a textbook example of a "refugee trade," and Spark caught it perfectly! What's fascinating is that the turning point was actually set as early as January 29, marking the divergence of two governance philosophies. On the same day, Aave and Spark made completely opposite decisions regarding rsETH: 1⃣Aave chose to launch rsETH E-Mode, raising LTV to 93%. The goal was clear: boost WETH utilization and attract more funds back. 2⃣Spark, on the other hand, believed rsETH had low usage, high user concentration, and was dominated by a single wallet. They decided to stop new rsETH supply and clear the market. Three months later, from actively giving up a juicy opportunity to becoming the best safe haven for risk-averse funds, the market has reevaluated Spark, started to recognize Spark, and brought traffic along with it. TVL, fees, whale migration, and token revaluation are all natural extensions of this outcome. I think this directly proves one fact: Risk management capability is also a growth capability. And at the core of it all, Sam @hexonaut's philosophy on risk management is fully reflected in this!