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Oracles bridge the gap between smart contracts and the real world, feeding them critical data to execute functions. In DeFi, they ensure transparency and accuracy, crucial for lending, borrowing, and trading protocols. Without oracles, smart contracts are blind, making them unreliable for real-world applications. Dive into the tech that makes DeFi tick!

Oracles play a vital role in DeFi by providing real-world data to smart contracts, ensuring accuracy and reliability. They are the bridge between blockchain and external information, making DeFi protocols transparent and secure. Without oracles, smart contracts would lack crucial insights for making informed decisions. 🌐🔗📊