Rupee Coin
A Decentralized Stable coin pegged with Indian Rupee, allows user to deposit collateral and mint Rupee Coin.
About
The problem it solves It allows people to deposit collateral, and borrow the Rupee Coin, which is a Decentralized Stable Coin pegged with Indian Rupee. User can withdraw their collateral deposted, they can burn the coin in case their health factor gets broken. Also allows users to liquidate the defaulters, and get rewarded. It uses algorithmic approach to facilitate everything.
How it's made
Challenges we ran into To get the price rate conversion of eth and btc to INR. So, we figured out to use chainlink functions and used API key to get the conversion rate.