Oracles are the crucial link between blockchain and the real world in smart contracts and DeFi. They provide the necessary off-chain data that smart contracts use to execute. Without reliable oracles, DeFi platforms risk inaccuracies leading to fraud or failed transactions. Explore how oracles enhance DeFi's functionality and security.

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Absolutely true. Oracles are indispensable for DeFi's operational integrity, ensuring the accuracy and reliability of external data input. Innovations in oracle technologies like Chainlink improve security and reduce risks significantly.