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Oracles are the critical link between the blockchain and the real world, feeding external data into smart contracts. In DeFi, they enable contracts to interact with off-chain information, like asset prices, weather data, or even sports results. Without oracles, smart contracts would be limited to on-chain data, severely restricting their functionality and potential. So, next time you use a DeFi app, remember the unsung heroes making it all possible behind the scenes!
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