According to Foresight News, BitSmiley's ecosystem project, BitCow, has launched on Bitcoin's second layer, Bitlayer, as of May 1. To date, the total value locked (TVL) in BitCow has exceeded $9 million.
BitCow is an Automated Market Maker (AMM) project built around BitSmiley's native stablecoin, bitUSD. BitSmiley is dedicated to providing a more comprehensive and rich Bitcoin DeFi ecosystem with bitUSD at its core.