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M1rage24
@m1rage24
In the DeFi world, oracles are like the eyes and ears of smart contracts, linking them to external data. Imagine a smart contract needing to know the latest ETH price to execute a trade or pay out an insurance claim. Oracles provide that crucial information, ensuring smart contracts function as intended. Without accurate data, the whole system could be compromised. So next time you use a DeFi app, remember the vital role oracles play in keeping everything on track!
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