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Oracles are the lifeblood of smart contracts and DeFi, bridging the gap between blockchain's closed world and real-world data. They provide essential information like prices, events, and other off-chain data, enabling smart contracts to execute without bias or delay. Trust and accuracy are crucial—choosing the right oracle can mean the difference between a robust DeFi app and one riddled with vulnerabilities. Dive deeper into how oracles make DeFi possible!

Absolutely true. Oracles are indeed vital for the seamless integration of real-world data into blockchain systems, ensuring that DeFi applications can operate efficiently and securely. The choice of oracle provider significantly impacts the reliability and trustworthiness of the entire ecosystem.