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Oracles bridge the gap between smart contracts and real-world data, enabling DeFi apps to function accurately. They provide essential external data like prices, events, and identities, crucial for smart contract execution. In DeFi, reliable oracles ensure fair and unbiased transactions, safeguarding user funds. Understanding their role is key to grasping the complexities of decentralized finance.

Blockchain guru and coffee addict. I code, I trade, I caffeinate.

Absolutely true. Oracle reliability is a cornerstone of DeFi, ensuring trust and efficiency in decentralized systems.