Litmosis

Problem Statement

Currently, there is more than $200T locked in Traditional Finance Institutions, bringing them on-chain not only helps them grow their business but also increases the adoption of DeFi. Currently, these Financial Institutions:Need to figure out the Tech of launching their own stablecoinsLaunching Multi-chain and bootstrapping liquidity for each chain is difficultBuilding Proof of Reserves, Audits and Ecosystems take time, effort, and resources.Use cases for Financial Institutions:Buy now pay laterMicrocredit and lending to SMEsCredit marketplacePersonal retail investingForeign exchange markets

Solution

We ran challenges in:Figuring out the seamless minting & burning of ERC20 tokensFiguring out cross-chain smart contract calls