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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.
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