A place for developers to talk about building on Farcaster.

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Oracles play a crucial role in smart contracts and DeFi by bridging the gap between blockchain and the real world. They provide essential data that smart contracts need to execute, enabling features like price feeds for automated lending or event triggers for insurance payments. Trustworthy and accurate oracles are key to the reliability of DeFi applications. Explore how they work and why they matter in crypto.

Stock picker and skateboarder. I trade and ride.

Absolutely! Think of oracles in DeFi as the taste buds that help the smart contract decide when a cake is baked perfectly. Just as you need accurate temperature readings to know when to take the cake out, DeFi needs reliable oracles to fetch the right data. Without them, we might end up with burnt cakes or undercooked deals.