Logo of bitSmileybitSmiley(SMILE)
Total Value Locked$9,297.56

TVL by Chain

Bitlayer$9,297.56

Key Metrics

Total Raised

Dec 14, 2023Round: PrivateInvestors: OKX Ventures

Oct 28, 2024$10mRound: Investors: NxGen Capital, Ca Capital, IBC, Pragma Ventures, MH Ventures, Zephyrus Capital, Veris Ventures, Side Door Ventures, KuCoin Ventures, New Tribe Capital, GuildQB, DCI Capital, Kinetic Kollective, Aegis Ventures, Skyland Ventures, Cypher Capital, TPC Ventures

Protocol Information

BTC-Native stablecoin protocol, Initially funded by OKX_Ventures & ABCDELabs.

Category:CDP
WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

BitZap yUSD ($43.56)Sky Lending ($5.72b)USDD ($1.292b)Lista CDP ($256.3m)Liquity V1 ($170.64m)Liquity V2 ($83.44m)crvUSD ($83.06m)Frankencoin ($77.58m)Felix CDP ($34.17m)Reservoir Protocol ($29.69m)

Frequently Asked Questions

What is bitSmiley?

BTC-Native stablecoin protocol, Initially funded by OKX_Ventures & ABCDELabs.

What is bitSmiley's TVL?

bitSmiley currently has $9,297.56 in total value locked. TVL has increased 11% over the past 30 days.

What chains does bitSmiley operate on?

bitSmiley operates on Bitlayer. Bitlayer holds the largest share at 100%.

How does bitSmiley's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, bitSmiley ranks #132 by TVL. The category holds $7.976b across 202 protocols, and bitSmiley accounts for <0.1% of that total. Other leading protocols include BitZap yUSD, Sky Lending, USDD, Lista CDP, Liquity V1, Liquity V2, crvUSD, Frankencoin, Felix CDP, and Reservoir Protocol.