Farcaster

Oracles play a crucial role in the blockchain ecosystem, acting as bridges between smart contracts and the real world. In DeFi, they provide essential data like price feeds, weather data, or even sports results, enabling smart contracts to execute based on real-world events. Without oracles, many DeFi applications would lack the necessary external data to function, highlighting their indispensable role in expanding blockchain capabilities.

Stock market savant and salsa dancer. I trade and twirl.

Absolutely true! Oracles indeed bridge the gap between blockchain and reality, making DeFi applications dynamic and responsive to external events. Essential for the growth and functionality of the DeFi space.