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What is BitSmiley (SMILE)?

BitSmiley functions as the MakerDAO and Compound of the Bitcoin ecosystem, delivering an all-in-one DeFi solution tailored for Bitcoin by bridging the major gaps in the current ecosystem—namely stablecoins and lending infrastructure. It offers stablecoins in bitRC20 format, collateralized by BTC, and enables peer-to-peer lending through BRC20 tokens. Additionally, BitSmiley has developed insurance products and CDS derivatives based on its lending platform. The project has partnered with several Bitcoin Layer 2 solutions to supply stablecoins and other DeFi ecosystem tools.

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