DCo: Vertically Integrated Capital Aggregators

How category leaders in Web3 maintain their moats

> This article explains that the most successful Web3 protocols are vertically integrated capital aggregators, they combine liquidity, users, and distribution to create strong moats and maximize capital efficiency.

> It explains how vertical integrations of Hyperliquid, USDAI, MetaMask, Maple and Centrifuge help build moats through added utility.

Source: https://www.decentralised.co/p/ve...
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