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Oracles bridge the gap between blockchain and the real world, feeding crucial data to smart contracts and DeFi apps. Without them, these systems would be limited to on-chain data. Oracles ensure that smart contracts execute as intended, whether it's price feeds for lending platforms or event outcomes for prediction markets. Trust in the oracle network is vital to maintaining the integrity of DeFi. Dive into how oracles like Chainlink and Band Protocol are shaping decentralized finance today.
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