In a remarkable achievement, bitSmiley's Alphanet V1 skyrocketed to over $24 million in TVL within just 24 hours of its launch with over 6 million bitUSD stablecoins minted through over-collateralization. bitSmiley stands as a pioneering initiative, introducing stablecoins by over-collateralizing Bitcoin.
Through this, users gain access to minting bitUSD and engaging in DeFi activities, all under the security of Bitcoin.
bitSmiley is a project that mints native stablecoins by over-collateralizing Bitcoin. Lead investors include OKX Ventures and ABCDE, providing users with a comprehensive suite of Bitcoin-native DeFi solutions centered around its stablecoin, bitUSD.