RemitDEX

🌍 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 Polygon
• Instant conversion: Via 1inch aggregation
• Fast settlement: 3-5 seconds on Stellar
• Local delivery: Through Stellar anchors (USD, EUR, PHP, NGN, etc.)
• Minimal fees: <0.5% total

🏗️ Architecture

Sender (Any Chain) → 1inch Aggregation → Stellar Bridge → Local Anchor → Recipient

Core Flow:

1. Sender deposits stablecoins on any supported chain
2. 1inch finds best route to Stellar USDC
3. Smart Router executes atomic swap via HTLC
4. Stellar settles in 3-5 seconds
5. Anchor delivers local currency to recipient

🔧 Key Components

1. Multi-Chain Aggregator

• Accepts USDC, USDT, BUSD, DAI from any chain
• Uses 1inch API for optimal routing
• Handles slippage and MEV protection

1. Stellar Settlement Layer

• Instant finality (3-5 seconds)
• Fees < $0.0001 per transaction
• Built-in multi-currency support

1. Anchor Integration

• Pre-integrated anchors for major corridors
• Automatic KYC/AML via anchors
• Direct bank/mobile money delivery

1. Smart Routing Engine

• ML-based corridor optimization
• Real-time FX rate monitoring
• Automatic failover and retry

🚀 Why This Wins

1. Real Impact: Saves migrant workers billions in fees
2. Technical Innovation: First true multi-chain remittance aggregator
3. Stellar Showcase: Perfect use of anchors + fast settlement
4. 1inch Integration: Meaningful use of cross-chain liquidity
5. Scalable: Can handle millions of transactions

💰 Business Model

• 0.3% platform fee (vs 7-10% traditional)
• Revenue share with liquidity providers
• Premium features for businesses
• B2B API for fintech integration