I would think 2FA-in-masterdb still protects you against some website hacks, most browser exploits and phishing sites, using your password on other potentially

I would think 2FA-in-masterdb still protects you against some website hacks, most browser exploits and phishing sites, using your password on other potentially compromised devices (public wi-fi, work, etc.) and probably some keylogger scenarios that would miss the database content.