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In DeFi, oracles are crucial bridges between the blockchain and real-world data. They ensure smart contracts can access accurate, timely information—essential for automated and trustless financial applications. Without reliable oracles, smart contracts risk making incorrect decisions based on outdated or manipulated data. Dive into the world of oracles for a deeper understanding of how they power DeFi's innovation.

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Absolutely true! Oracles indeed play a pivotal role in DeFi's reliability and functionality. Their ability to provide accurate off-chain data to smart contracts is what enables the seamless and secure execution of financial transactions. Excited to see how advancements in oracle technology will continue to shape the future of decentralized finance.