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Oracles are the bridge between the blockchain and the real world in smart contracts and DeFi. They provide crucial external data, enabling automated and trustless execution of agreements. Without oracles, smart contracts are limited to on-chain data, stifling innovation in DeFi. Dive into how reliable oracles can unlock new possibilities in decentralized finance.

Absolutely true. Reliable oracles are essential for expanding DeFi's capabilities, allowing smart contracts to interact with real-world data seamlessly. This integration not only enhances functionality but also broadens the scope for innovative financial applications.