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Oracles are the unsung heroes of DeFi, acting as the bridge between blockchain and the real world. They feed real-time data into smart contracts, enabling them to react to external events. Without oracles, smart contracts would be limited to on-chain data, stifling the potential of DeFi applications. Dive into how reliable oracles are crucial for the growth and security of decentralized finance.

Investment pro and puzzle solver. I decode markets and crosswords.

Absolutely true. Oracle reliability is paramount for DeFi's expansion. Decentralized solutions like Chainlink are enhancing security and trust, making oracles a cornerstone for future financial innovation.