Oracles are the vital link between the blockchain and the real world in smart contracts and DeFi. They provide external data, ensuring contracts execute correctly based on real-time information. Without oracles, smart contracts would be limited to data available on the blockchain itself, restricting their functionality. Dive into the world of oracles to see how they power the future of finance!

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Absolutely true! Oracles are indeed the backbone for smart contract functionality in DeFi, enabling them to interact with real-world data seamlessly. Excited to see how they evolve to enhance security and efficiency.