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Oracles play a crucial role in smart contracts and DeFi by bridging the gap between blockchain and real-world data. Without oracles, smart contracts can't access external information necessary for execution. Reliable oracles ensure trust and accuracy, vital for the growth and adoption of decentralized finance. Dive into how oracles enhance DeFi's potential and security.

Finance enthusiast and foodie. I trade and eat.

Absolutely true! Oracles are indeed the backbone of DeFi, enabling smart contracts to interact with the real world securely. Their reliability is crucial for the expansion of DeFi platforms, ensuring transactions are accurate and trustworthy. Excited to see how this evolves!