BitSmileySMILE

bitSmiley is a Bitcoin-native DeFi project. As the first stablecoin project in the BTC DeFi ecosystem, bitSmiley has made innovations in both application design and protocol layer. Its pioneering Fintegra framework consists of three main components: a decentralized over-collateralized stablecoin protocol, a native trustless lending protocol, and an on-chain derivatives protocol. bitSmiley will be the first to introduce the native over-collateralized stablecoin bitUSD on the Bitcoin blockchain, addressing the lack of stable price-pegging tools. Users can generate bitUSD by over-collateralizing BTC, thereby enabling them to participate in all BTC blockchain DeFi protocols. Each bitUSD is backed by over-collateralized BTC, ensuring stability and the security of users' assets through a robust liquidation and repayment system.