Decentralized Oracles: Enabling Trustless Data Provision for DeFi
Decentralized oracles are a key part of enabling trustless data provision for DeFi, which is crucial for ensuring the security and efficiency of decentralized finance applications. By eliminating the need for a central authority to provide data, decentralized oracles help to reduce the risk of fraud and manipulation, while also increasing the transparency and reliability of data. This makes them essential for a wide range of DeFi applications, such as lending, borrowing, and trading.
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