The current state of DeFi (Decentralized Finance) is plagued by repeated hacks and security vulnerabilities, raising doubts about its suitability for mainstream adoption. In order to make DeFi a central piece of the global financial system, a fundamental redesign is necessary. One crucial aspect to address is the reliance on centralized oracles, which introduce vulnerabilities and potential manipulation. Oracle-free protocols, which eliminate the need for centralized oracles, offer a solution to enhance security and resilience in DeFi. By distributing data sourcing and decision-making across multiple participants and minimizing the attack surface, oracle-free protocols can provide enhanced security, increased resilience, trust minimization, and improved privacy. By embracing oracle-free protocols, DeFi can evolve toward a more secure and trustworthy financial system for mainstream use.

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