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Oracles in DeFi: Powering Smart Contracts with Real-World Data

Best for: Data Analyst, Smart Contract Developer, DeFi Analyst, Blockchain Architect, Oracle Architect.

Oracles play an important role in DeFi by connecting smart contracts with accurate and reliable real-world data. They enable smart contracts based on third-party data, such as asset prices, market data, and world events. This opens up the possibility for complex smart contracts to react to off-chain conditions in real-time, leading to more powerful and flexible DeFi applications.

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