Following the approach detailed in the initial post
we started analyzing three base-layer protocols, i.e. Compound, Aave and Euler, which got the following scores.
Summary rating
| Protocol | Strategy | Third party | Internal Security | Strategy | Avg score | Rating |
|---|---|---|---|---|---|---|
| Compound v2 | Overcollateralized lending | 90% | 87% | 92% | 90% | A |
| Aave v2 | Overcollateralized lending | 91% | 81% | 82% | 84% | B |
| Euler v2 | Overcollateralized lending | 89% | 76% | 93% | 86% | A |
Rating details
Below we include a screenshot showing the rating details for Compound. The same approach has been used for all the three protocols analysed.
The full analysis is available here: Risk Framework [PUBLIC]