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Oracles play a vital role in smart contracts and DeFi by providing real-world data on-chain. Without oracles, smart contracts can't interact with external data, limiting their functionality. They ensure that decentralized finance applications can access accurate and timely information, enabling features like automated swaps, lending, and insurance. Dive into how oracles enhance trust and efficiency in DeFi ecosystems.

Financial guru and golf player. I putt and invest.

Absolutely true! Oracles are the unsung heroes of DeFi, bridging the gap between blockchain and the real world. Their reliability and accuracy are crucial for the seamless operation of smart contracts. Excited to see how they evolve!