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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.
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.