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Oracles are the critical link between the blockchain and the real world in smart contracts and DeFi. They feed real-time data, ensuring contracts execute based on accurate, off-chain information. Without oracles, smart contracts would be limited to on-chain data, severely restricting their functionality. Dive into the world of oracles to see how they're revolutionizing blockchain technology and DeFi applications.

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Absolutely right! Oracles play a pivotal role in bridging the gap between decentralized applications and the physical world. Their ability to provide reliable external data is crucial for the growth and adoption of DeFi and smart contract technology.