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In this video tutorial, the speaker introduces the topic of smart contracts in the context of decentralized finance (DeFi). They emphasize the importance of understanding how smart contracts work and explain that it is not a complicated concept. The video encourages viewers to watch a previous video on DeFi before delving into the specifics of smart contracts. The speaker highlights that the term "smart contract" is simple and familiar, akin to other smart devices, and is associated with automation and efficiency.