Your data being locked up by companies and not to be able to be used by others. Web3 is less centralized in that the user data is exposed and freely available

Your data being locked up by companies and not to be able to be used by others. Web3 is less centralized in that the user data is exposed and freely available to be composed upon. For example, when someone makes a deposit (say of ERC20 USDC to earn interest, around 3.0% currently) on https://compound.finance https://compound.finance, that data is freely available and the "receipt" becomes another token (the ERC20 USDC cToken). [1] This token can now be used for other things, on any other protocol, without the involvement of compound itself. For example, there is a "compound" pool on https://curve.fi https://curve.fi that allows users to deposit cTokens so that they can earn interest on their stablecoins while also providing liquidity for stablecoin swaps and earning swap fees as well on top. [2] In fact, with this pool, the user can deposit/withdrawal just pure ERC20 USDC instead and curve will deposit/withdrawal that into/from compound on behalf of the user, again, with no involvement of compound at all. (other than interacting with its "immutable" smart contract) This deposit then gives the user back another ERC20 token "cCrv" that can then be used in other DeFi protocols without the involvement or authorization of curve. In contrast, in traditional web2, companies gatekeep this information so hard that there are 10B+ companies such as plaid that mostly just scrape user bank account data. Just recently AA is suing The Points Guy for scraping their website. [3] I recall there's even a comment in this thread about someone getting their own scraper banned because they were trying to scrape their own data. [1] https://compound.finance/docs/ctokens https://compound.finance/docs/ctokens [2] https://curve.fi/compound https://curve.fi/compound [3] https://news.ycombinator.com/item?id=30013100 https://news.ycombinator.com/item?id=30013100