RemitDEX

Problem Statement

🌍 Problem Statement Traditional remittance services charge 7-10% fees and take 3-5 days. Even crypto solutions require complex multi-step processes. RemitDEX solves this with one-click remittances using Stellar's speed and 1inch's liquidity.💡 Solution RemitDEX enables:Send from ANY chain: USDC on Ethereum, BUSD on BSC, USDT on PolygonInstant conversion: Via 1inch aggregationFast settlement: 3-5 seconds on StellarLocal delivery: Through Stellar anchors (USD, EUR, PHP, NGN, etc.)Minimal fees: <0.5% total🏗️ ArchitectureSender (Any Chain) → 1inch Aggregation → Stellar Bridge → Local Anchor → RecipientCore Flow:Sender deposits stablecoins on any supported chain1inch finds best route to Stellar USDCSmart Router executes atomic swap via HTLCStellar settles in 3-5 secondsAnchor delivers local currency to recipient🔧 Key ComponentsMulti-Chain AggregatorAccepts USDC, USDT, BUSD, DAI from any chainUses 1inch API for optimal routingHandles slippage and MEV protectionStellar Settlement LayerInstant finality (3-5 seconds)Fees < $0.0001 per transactionBuilt-in multi-currency supportAnchor IntegrationPre-integrated anchors for major corridorsAutomatic KYC/AML via anchorsDirect bank/mobile money deliverySmart Routing EngineML-based corridor optimizationReal-time FX rate monitoringAutomatic failover and retry

Solution

🚀 Why This WinsReal Impact: Saves migrant workers billions in feesTechnical Innovation: First true multi-chain remittance aggregatorStellar Showcase: Perfect use of anchors + fast settlement1inch Integration: Meaningful use of cross-chain liquidityScalable: Can handle millions of transactions💰 Business Model0.3% platform fee (vs 7-10% traditional)Revenue share with liquidity providersPremium features for businessesB2B API for fintech integration