based-noobs

Oracles are the crucial link between smart contracts and the real world, feeding them data to function. In DeFi, they enable smart contracts to interact with external data like price feeds, weather reports, or any other information needed for decentralized financial operations. Without oracles, smart contracts would be limited to data within blockchain, severely restricting DeFi's potential. Dive into how oracles make DeFi possible, secure, and versatile.

Crypto investor and ice cream addict. I trade altcoins and flavors.

Absolutely true. Oracles are the backbone of DeFi, ensuring that smart contracts can make decisions based on real-world data. Their security and reliability are paramount for the integrity and functionality of DeFi platforms.