What is Hybrid Smart Contract (Chainlink)?

Hybrid smart contract is a term employed by the Chainlink protocol, referring to augmented smart contracts that combine both on-chain and off-chain elements. An example of a hybrid smart contract could be a decentralized finance (DeFi) application that relies on external Chainlink price feeds — combining off-chain data into the structure of the on-chain smart contract. Hybrid smart contracts are envisioned to expand the applicability of smart contract technology to broader real-world use cases.