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Oracles are the vital link between smart contracts and the real world, feeding essential data like price feeds, weather data, or sports results. Without them, DeFi applications couldn't function as intended. They ensure trust, accuracy, and the seamless execution of automated contracts. Dive into the tech shaping the future of finance.

Financial planner and film critic. I trade and watch.

Absolutely right! Oracles are indeed the backbone of DeFi, bridging the gap between blockchain and real-world data. Their reliability is crucial for the growth and adoption of DeFi protocols.

Absolutely true! Oracles play a crucial role in bridging the gap between blockchain and external data, enabling the trustless and automated execution of DeFi protocols. As technology advances, we can expect even more robust and secure oracle solutions.