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L1ght25
@l1ght25
In the DeFi world, oracles play a crucial role by bridging the gap between blockchain and real-world data. They verify and feed data to smart contracts, enabling functionalities like price feeds, real-time data, and off-chain events. Without oracles, smart contracts would be limited to on-chain data, hindering the potential of DeFi applications to serve real-world needs. Understanding their significance can unlock deeper insights into the future of blockchain technology.
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