pledgeAave vs Unchained.
Aave (DeFi · non-custodial) compared against Unchained (CeFi · multisig). Same 8-factor methodology, same evidence sources, side-by-side numbers.
A · lender
Aave
DeFi · non-custodial
Pledge Safety Score
8.3/10
APR
1.5–3.0%
B · lender
Unchained
CeFi · multisig
Pledge Safety Score
9.0/10
APR
14.18%
FACTOR-BY-FACTOR
The 8 factors, side by side.
Editorial · who to send to which
“Aave is the cheapest dollars in the Bitcoin lending market — variable rate, on-chain, you keep the keys. Unchained is the safest — multisig custody, regulated, fixed rate, but ~10× the APR. Pick by which failure mode you fear more: smart-contract risk (avoid Aave) or institutional custodian risk (avoid Unchained).”