Borrowing Binance vs AAVE

I have analyzed the professionals and cons of borrowing in AAVE vs Binance

Taxable event

AAVE -> Once you swap BTC and WBTC you incur in a taxable event
Binance ->You possibly can put BTC as collateral immediately. No have to swap. No 3rd social gathering danger

Tax declaration:

Binance provides you a CSV with the transaction history
AAVE you'll want to do it your self

Mixing belongings in collateral:

Binance -> you possibly can only but one asset as collateral. No mixing
AAVE -> you possibly can combine, eth, wbtc, hyperlink and so forth in your collateral which could be very nice

Rate of interest:

Quite comparable in both but on average decrease on AAVE.
Max in Dec 25:
- Binance: from 22% to 49%
- AAVE: from 7% to 22%

Custody

Binance -> you trust your custody + KYC/AML
AAVE -> Your personal custody

My conclusion:
Binance is extra convenient however you pay extra. Nevertheless you save taxes!

Some other comparisons that someone needs to input ? :) Thanks prematurely