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BitSmiley (BIT) Research Report

BitSmiley (BIT) Research Report

5/31/2024, 7:50:50 AM
Beginner
Project Analysis
BitSmiley is a trading and stablecoin protocol based on the Bitcoin Layer 2 network

Project Name: BitSmiley
Tag: $BIT
Type: BTC Stablecoin Protocol
TVL: $81.96 Million

Introduction

BitSmiley is a trading and stablecoin protocol based on the Bitcoin Layer 2 (L2) network. It provides a “stablecoin + lending” infrastructure within the Bitcoin ecosystem through the issuance of the stablecoin bitUSD, collateralized by excess BTC, and the decentralized lending platform bitLending, which is based on bitUSD.

Core Components

bitUSD

bitUSD stablecoin is the core component of BitSmiley. Users collateralize BTC with BitSmileyDAO to mint bitUSD, and redemption follows a reverse mechanism. For liquidation, it adopts the latest MakerDAO liquidation 2.0 mechanism, using a Dutch auction model. Liquidation process is initiated when the Loan-to-Value (LTV) falls below a set threshold.

bitLending

bitLending enables peer-to-peer lending. Lenders post loan offers on bitLending, specifying parameters such as bitRC-20 token type, token quantity, and loan interest rates. Borrowers select offers they’re interested in. After matching, bitLending generates a multi-signature address for fund transfer.

Key Metrics

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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Content

Introduction

Core Components

Key Metrics

Crypto Calendar

Token kilidini açma
IOTA (IOTA) 20 Ağustos'ta saat 08:00'de 15.16 milyon adet Token'ı, yaklaşık 3.15 milyon dolar değerinde, Sirkülasyon Kaynağı'nın %0.42'sini serbest bırakacak.
IOTA
-6.14%
2025-08-20
Proje Güncellemeleri
Genel ZK protokolü Boundless doğrulama yarışmasının birinci aşaması, Pekin zamanı ile 20 Ağustos 11:00'de sona erecektir. Ekip, sıralama için anlık görüntü alacaktır. Bu anlık görüntüye dayanarak, Boundless Token arzının %0.5'i TGE sırasında katılımcı kullanıcılara dağıtılacaktır. 20 Ağustos'tan sonra, yeni sıralama, ana ağ çevrimiçi olana kadar kaydedilmeye başlayacaktır. Bu sıralamanın ödülleri, PoVW ana ağ çevrimiçi olduktan sonra airdrop olarak dağıtılacaktır.
ZK
-4.23%
2025-08-20
Token kilidini açma
KAITO (KAITO) 20 Ağustos'ta 20:00'de 23,35 milyon Token'ı, yaklaşık 25,92 milyon dolar değerinde, sirkülasyon kaynağının %10,87'sini kilidini açacak.
KAITO
-8.91%
2025-08-20
VEXI Köyleri Güncellemesi
"Başarılar, zamanlanmış etkinlik tercihleri, & mağaza yenilemesi"
GALA
-3.89%
2025-08-20
Atlas Fork Ana Ağ
Viction, performansı, esnekliği ve Viction blockchain üzerindeki genel geliştirici deneyimini geliştirmeyi amaçlayan Atlas Hard Fork'u duyurdu. Güncelleme, zincirin altyapısını gelecekteki büyüme ve ölçeklenebilirliği daha iyi desteklemek için ilerletmenin kritik bir adımı olarak konumlandırılıyor.
VIC
2.95%
2025-08-20

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