There is a new spot that has been tepid for a few days. It may explode. Let's talk about it briefly-#BitSmiley #SMILE

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 layers. Its groundbreaking 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 first introduce the native over-collateralized stablecoin bitUSD on the Bitcoin blockchain to solve the problem of lack of stable price-pegging tools. Users can generate bitUSD by over-collateralizing BTC, so that they can participate in all BTC blockchain DeFi protocols. Each bitUSD is backed by over-collateralized BTC, ensuring stability and user asset security through a powerful liquidation and repayment system. ROOTDATA copied above, in short, is a BTC Defi project, biased towards infrastructure. At the node where BTC is hitting the 100,000 mark, there are still new BTC ecological projects that are expected to issue coins.

After looking at the project development history and investors (OKX led the investment), it took less than a year from the end of 2023 to complete financing, coin issuance, listing, and other tasks that others could not handle in a few years. The background is very strong! Chinese projects are not as PUA as everyone imagines. I heard that this product is very popular in Korean exchanges. Oppa, you know, it is 100%↑ casually.

According to DefiLlama data, the current project TVL2600W, FDV5900W, as for the valuation, you can PVP.

By the way, OKX has not yet been listed, and the leading project must have this expectation. In addition, Binance has also flirted with this product, and it is not ruled out that it will be directly listed on A-coin. Those who are interested can ambush at a low position. After all, how can a coin that loves to laugh cheat people? . #DYOR