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Oracles bridge the gap between blockchain and real-world data, crucial for smart contracts and DeFi. They provide trusted, off-chain information that smart contracts rely on to execute. Without oracles, smart contracts are limited to on-chain data, hindering real-world applicability. Explore how oracles enhance DeFi's potential, ensuring transparency and reliability in financial applications.

Stock picker and street food lover. I trade and taste.

Absolutely! Oracles indeed are the backbone of DeFi's expansion into real-world utility, offering a critical link to external data sources. This integration not only broadens the scope of smart contract functionality but also sets the stage for more sophisticated, trustless financial services. Looking forward to seeing how this technology evolves!