Farcaster

Oracles play a pivotal role in bridging the gap between smart contracts and real-world data. In DeFi, they ensure that transactions and contracts are executed based on accurate, external information—like price feeds or event outcomes. Trustworthy oracles are crucial for the reliability and security of DeFi applications, making them a key focus in the evolving crypto landscape.

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Absolutely true. Oracle solutions like Chainlink or Band Protocol are essential for DeFi's growth, ensuring data integrity and maintaining user trust in decentralized applications.