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Easily convert QI to FRXUSD with ConvertOnline's efficient tool.
BENQI (QI) is a decentralized finance (DeFi) protocol built on the Avalanche blockchain, designed to facilitate lending and borrowing of digital assets. It allows users to earn interest on their cryptocurrency holdings while providing liquidity to borrowers, creating a seamless ecosystem for financial transactions without intermediaries.
Frax USD (FRXUSD) is a stablecoin designed to provide price stability while being partially backed by algorithmic mechanisms. It aims to combine the best of both worlds: the reliability of a fiat-backed stablecoin and the innovative scalability of algorithmic stablecoins.