What is BitSmiley?

BitSmiley is the MakerDAO+Compound of the Bitcoin ecosystem, providing a comprehensive solution for Bitcoin DeFi by addressing the most significant gaps in the current Bitcoin ecosystem — stability coins and lending infrastructure.

In addition to offering stable coins in bitRC20 format, over-collateralized by BTC, BitSmiley also facilitates peer-to-peer lending based on BRC20. Furthermore, it has established insurance and CDS derivatives built on the lending framework. BitSmiley has entered into partnerships with several BTC Layer2 projects, supplying them with stable coins and DeFi ecosystem products.