[News] BitSmiley, the MakerDAO+Compound of the Bitcoin ecosystem, provides comprehensive solutions for Bitcoin Defi, filling the most missing "stable currency" + "lending" infrastructure in the current Bitcoin ecosystem. BitSmiley not only provides BRC20-compatible bitRC20 format stablecoins based on BTC over-collateralization, but also provides peer-to-peer lending based on BRC20, as well as insurance and CDS derivatives built on lending. It has established cooperative relationships with a number of BTC Layer2 to provide them with stablecoins and Defi ecological products.

BitSmiley's BitUSD stablecoin is its core component. It was first launched on BTC Layer2, which BitSmiley first cooperated with, and then gradually expanded to other BTC Layer2. The overall over-collateralization mechanism of BitUSD is similar to MakerDAO, adopting the bitRC20 inscription form that is compatible with BRC20.

In addition to the core stablecoin, BitSmiley has also tailor-made Defi products suitable for the technical characteristics of BTC. Based on the peer-to-peer lending supported by its own stablecoin, it has superimposed advanced derivatives such as insurance and CDS, giving BTC Defi a new way to play. .