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Organisation

Aave

5 placements on ChainChoice under Aave, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

CDP Stablecoins
Aave GHO
Rank#4 OverallScore67

#1 in this category: Liquity V2 (BOLD)

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Flash Loan Venues
Aave V3
Rank#4 OverallScore77

#1 in this category: Morpho (Morpho Blue)

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Lending & Borrowing
Aave
Rank#8 OverallScore71

#1 in this category: Venus

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Stablecoins
GHO (Aave)
Rank#8 OverallScore56

#1 in this category: PayPal USD (PYUSD)

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Web3 Apps
Aave
Rank#8 OverallScore51

#1 in this category: Uniswap

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CDP Stablecoins
How you can lose money here, and what the ranking scores
  • Control failure (Aave GHO 6/10): a key or vote changes the rules, freezes or mints.
    Scored by Cost of the loan and who controls it · 20%
  • Oracle failure (Aave GHO 6/10): a wrong price or outcome liquidates or settles a position.
    Scored by Liquidation mechanics you actually bear · 35%
  • Insolvency failure (Aave GHO 4/10): the firm or issuer that owes you cannot pay.
    Scored by What actually backs the coin · 25%
  • Exit failure (Aave GHO 5/10): you cannot get out at par, on time, or with what is yours.
    Scored by Observed peg behaviour under stress · 20%
Not assessed by this ranking: Contract failure, Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means.
Flash Loan Venues
How you can lose money here, and what the ranking scores
  • Contract failure (Aave V3 7/10): the code holding the funds is exploited.
    Scored by Venue incident record · 20%
Not assessed by this ranking: Control failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Single-transaction borrowable depth (30%), Loan cost in basis points (28%), Integration surface (22%).
Lending & Borrowing
How you can lose money here, and what the ranking scores
  • Control failure (Aave 9/10): a key or vote changes the rules, freezes or mints.
    Scored by Who sets your rate — a utilisation curve or a curator? · 24%
  • Oracle failure (Aave 6/10): a wrong price or outcome liquidates or settles a position.
    Scored by What price gets you liquidated, and how far can it drift? · 32%
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by If one market goes bad, how much of yours goes with it? · 24% (Aave 6/10)
    Scored by Has it lost lender money before, and did it publish it? · 20% (Aave 7/10)
Not assessed by this ranking: Contract failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Stablecoins
How you can lose money here, and what the ranking scores
  • Control failure (GHO (Aave) 6/10): a key or vote changes the rules, freezes or mints.
    Scored by Who can freeze, burn or replace your balance — and have they? · 18%
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by Who exactly owes you the dollar, and where do you rank when they fail? · 30% (GHO (Aave) 1/10)
    Scored by What is really behind it, and what did the third party actually opine on? · 24% (GHO (Aave) 2/10)
  • Exit failure (GHO (Aave) 3/10): you cannot get out at par, on time, or with what is yours.
    Scored by Can the person actually holding it get a dollar back at par — and has anyone, at size? · 28%
Not assessed by this ranking: Contract failure, Custody failure, Regulatory failure, Information failure. A high place says nothing about these; the Methodology tab says what each means.
Web3 Apps
How you can lose money here, and what the ranking scores
None of this ranking's criteria scores a way of losing money; the families that apply are listed below as not assessed.
Not assessed by this ranking: Contract failure, Control failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Use-case fit (30%), Ecosystem fit (24%), Operating style (22%), Confidence signal (24%).