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ParaSwap (PSP) is a decentralized finance (DeFi) protocol that facilitates the swapping of tokens across different decentralized exchanges (DEXs) with optimal pricing and minimal slippage. By aggregating liquidity from multiple sources, ParaSwap allows users to execute trades efficiently while benefiting from lower fees and enhanced trading experiences.
Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with real-world data. It enables blockchains to securely interact with external data sources, APIs, and payment systems, thereby enhancing the functionality and applicability of smart contracts.