diff --git a/crates/aura-cli/tests/cli_run.rs b/crates/aura-cli/tests/cli_run.rs
index 54d1bbf..6879ea4 100644
--- a/crates/aura-cli/tests/cli_run.rs
+++ b/crates/aura-cli/tests/cli_run.rs
@@ -3637,6 +3637,64 @@ fn generalize_real_e2e_pins_the_exact_current_grade() {
     assert_eq!(per[1][1].as_f64(), Some(0.005795903617609842), "USDJPY expectancy R: {grade_line}");
 }
 
+/// Characterization pin (byte-identity anchor for the walkforward dissolution,
+/// #210). The current `aura walkforward` runs its per-window IS-refit inline
+/// (`walkforward_family` -> `select_winner` -> OOS run -> stitch/pool); the
+/// dissolution reroutes the same rolling IS-sweep -> OOS-run -> deflation through
+/// the campaign `std::walk_forward` stage, and must retain the OOS pip curve the
+/// campaign runner currently discards (`oos_equity: vec![]`) to reproduce
+/// `stitched_total_pips`, plus reconstruct pooled `oos_r`. The multi-point grid
+/// (fast 3,5 x slow 12,20) makes the per-window winner selection non-degenerate --
+/// `param_stability` varies across windows -- so a winner-pick divergence between
+/// the inline and campaign refit cannot ship green. This pins the EXACT current
+/// grade of the identical invocation over a fixed 2025 GER40 window; after the
+/// dissolution the same command must reproduce these bytes (the acceptance gate).
+/// Gated on the shared GER40 archive; skips cleanly on a data refusal.
+#[test]
+fn walkforward_real_e2e_pins_the_exact_current_grade() {
+    const FROM_MS: &str = "1735689600000";
+    const TO_MS: &str = "1767225599000";
+    let cwd = temp_cwd("walkforward-exact-grade");
+    let out = std::process::Command::new(env!("CARGO_BIN_EXE_aura"))
+        .args([
+            "walkforward", "--strategy", "r-sma", "--real", "GER40",
+            "--fast", "3,5", "--slow", "12,20", "--stop-length", "14", "--stop-k", "2.0",
+            "--from", FROM_MS, "--to", TO_MS,
+        ])
+        .current_dir(&cwd)
+        .output()
+        .expect("spawn aura");
+    if out.status.code() == Some(1) {
+        let stderr = String::from_utf8_lossy(&out.stderr);
+        assert!(
+            stderr.contains("no local data") || stderr.contains("no recorded geometry"),
+            "exit 1 must be a data refusal, got: {stderr}"
+        );
+        eprintln!("skip: no local GER40 data");
+        return;
+    }
+    assert_eq!(out.status.code(), Some(0), "exit: {:?}", out.status);
+    let stdout = String::from_utf8(out.stdout).expect("utf-8 stdout");
+    let grade_line = stdout
+        .lines()
+        .find(|l| l.starts_with("{\"walkforward\":"))
+        .unwrap_or_else(|| panic!("the walkforward summary line: {stdout}"));
+    let v: serde_json::Value = serde_json::from_str(grade_line).expect("summary line parses as JSON");
+    let wf = &v["walkforward"];
+    assert_eq!(wf["windows"].as_u64(), Some(9), "window count: {grade_line}");
+    // EXACT floats -- the byte-identity anchor the dissolution must preserve.
+    // stitched_total_pips is retained only if the campaign runner keeps the OOS curve.
+    assert_eq!(wf["stitched_total_pips"].as_f64(), Some(-10398606.666650848), "stitched OOS pips: {grade_line}");
+    let r = &wf["oos_r"];
+    assert_eq!(r["n_trades"].as_u64(), Some(20681), "pooled OOS trade count: {grade_line}");
+    assert_eq!(r["expectancy_r"].as_f64(), Some(-0.002397100685333715), "pooled OOS expectancy R: {grade_line}");
+    // param_stability varies across windows -> the per-window IS-refit picks
+    // different winners; pinning the means locks the winner-selection equivalence.
+    let ps = wf["param_stability"].as_array().expect("param_stability is an array");
+    assert_eq!(ps[0]["mean"].as_f64(), Some(3.888888888888889), "fast-MA refit mean: {grade_line}");
+    assert_eq!(ps[1]["mean"].as_f64(), Some(17.333333333333332), "slow-MA refit mean: {grade_line}");
+}
+
 /// Property: `aura generalize` is now thin sugar over the one campaign path — a
 /// successful run durably auto-registers exactly one generated process document,
 /// one generated campaign document (carrying the `--name` handle and the stop as