bitSmiley

First BTC native stablecoin protocol.

Category:DeFi for Bitcoin

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About

bitSmiley is an emerging Bitcoin-native DeFi protocol building a decentralized financial stack directly on the Bitcoin blockchain. Anchored by its flagship product, bitUSD, bitSmiley introduces a BTC-backed over-collateralized stablecoin, along with peer-to-peer lending (bitLending) and Bitcoin-based credit default swaps (CDS). Operating under the Fintegra framework, the protocol aims to deliver stability, credit, and risk management tools natively to the Bitcoin ecosystem, without the need for bridges or custodians.

Key Features

bitUSD Stablecoin
A fully decentralized, over-collateralized stablecoin pegged to the U.S. dollar but backed entirely by Bitcoin. It brings price stability to Bitcoin DeFi while preserving on-chain transparency and trustlessness.
bitLending Platform
Trustless peer-to-peer lending protocol that allows users to borrow and lend BTC with algorithmic collateral management—no intermediaries required.
Decentralized Derivatives (CDS)
A novel Credit Default Swap mechanism built on Bitcoin, offering participants the ability to hedge or speculate on credit risk through transparent and immutable smart contracts.
Fintegra Framework
The underlying architecture of the bitSmiley protocol, enabling decentralized financial primitives to interact within a modular and composable ecosystem on Bitcoin.
Bitcoin-Native Deployment
Unlike wrapped assets or bridged solutions, all components of bitSmiley operate directly on Bitcoin, ensuring maximum censorship resistance and alignment with Bitcoin's ethos.

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