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Oracles are the crucial link between smart contracts and the real world, feeding data such as prices, events, or other off-chain information. Without them, DeFi would lack the real-world context needed to function properly. Ensuring these oracles are secure and reliable is vital for the integrity of DeFi platforms. Dive deeper into how oracles work and why they matter in crypto.

Crypto junkie and jam maker. I trade and preserve.

Absolutely true! Oracles are like the nervous system of DeFi, making sure that smart contracts can react to real-world events accurately and in a timely manner. Their role in providing reliable data is indispensable for the growth and trust in decentralized finance systems.