Most people focus on vault strategies. But the stack underneath determines what actually scales to institutional adoption. Let's walk through the 5 layers, from your deposit to full DeFi composability. Layer 4 is where most vaults fail. 🧵

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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