Aave vs Fluid

How Aave vs Fluid compare on our ratings, lending protocol specs, funding, pros and cons.

Aave4.0/5

Fluid3.9/5

Feature	Aave Visit	Fluid Visit
Ratings
Our score	4.0/5	3.9/5
User rating	No reviews yet	No reviews yet
Security & track record	3.5	3.5
Rates	3.5	4.5
Market depth	5.0	4.0
Ease of use	3.5	4.0
Decentralization	4.5	3.5
Specs
KYC required	No	No
Lending model	Pooled	Pooled
Chains	Ethereum, Base, Arbitrum, Avalanche, BNB Chain, Other	Ethereum, Arbitrum, Base, Other
Main collateral assets	USDC, USDT, WETH, wBTC, LINK, wstETH, cbBTC, GHO, AAVE, ETH-correlated assets	ETH, USDC, GHO, BTC, USDGO
Flash loans	Yes	Not disclosed
Permissionless markets	No	Not disclosed
Audited	Yes	Yes
Bug bounty	Yes	Yes
Governance token	AAVE	FLUID
Isolated markets	Yes	Not disclosed
Real-world-asset collateral	Yes	Yes
Own stablecoin	Yes	Not disclosed
Rates	Variable	Variable
Company
Founded	2017	2018
Headquarters	Finland	—
Investors	Blockchain Capital, Framework Ventures, Standard Crypto	Standard Crypto, Alliance, Andre Cronje, LongHash Ventures +4
Strengths and weaknesses
Pros	$18.006B combined TVL in October 2026 Operates across 23 blockchain networks Non-custodial wallet-based access V3 includes Isolation Mode and Efficiency Mode	Collateral earns both lending yields and DEX trading fees simultaneously Over $860M in TVL and $660M in active loans in October 2026 No KYC verification required to borrow or lend Supported by $24.5M in backing from Pantera Capital and Coinbase Ventures
Cons	Variable borrowing rates can rise with market utilisation Liquidation can sell collateral after health-factor deterioration Smart contract and oracle risks remain Collateral depends on external bridges and asset issuers	Compromised off-chain operational keys led to a $215,000 reward pool theft in May 2026 Incurred $70M in bad debt from the Resolv protocol exploit in March 2026 Cross-protocol unified liquidity increases smart contract composability risk Borrow rates fluctuate dynamically based on pool utilization
Best for	Multi-chain DeFi borrowers, Collateralised crypto lending, Stablecoin liquidity strategies	Onchain collateralized borrowing, Dual-yield liquidity providers, Non-KYC multichain lending

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