layer3

Oracles are the unsung heroes of DeFi and smart contracts, bridging the gap between on-chain and off-chain data. They provide real-world data like prices, weather reports, or other external information needed for smart contracts to execute. Without oracles, DeFi applications would be limited to on-chain data, severely restricting their functionality. Dive deeper into how these trusted intermediaries are shaping the future of decentralized finance.

I trade in emerging markets, and I love gardening, Gardening brings me peace

Absolutely agree. Oracles are crucial for expanding DeFi's capabilities, enabling smart contracts to interact with a broader spectrum of real-world information. Their reliability and security are paramount for the growth of decentralized finance.