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bitSmiley
bitSmiley
SMILECDP
DeFiLlama CDP·$379.6K TVL·+0.33% 1h·+0.16% 24h·+6.71% 7d·$5.5K MCap

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Protocol TVL

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About bitSmiley

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

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

bitSmiley tokenomics and on-chain capital

bitSmiley's governance or utility token carries a market capitalisation of $5.5K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($5.5K) is small relative to deposits secured by the protocol ($379.6K); a mcap/TVL multiple of 0.01× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Token market cap
$5.5K
Circulating supply × price
Mcap / TVL ratio
0.01×
Valuation vs deposits

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

bitSmiley Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. May 13, 2024
    Listed on DeFiLlama

Protocol Profile

bitSmiley is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Bitlayer.

TVL Distribution by Chain

Bitlayer
$379.6K(100.0%)

Supported Chains

Bitlayer

Protocol Footprint

bitSmiley is a single-chain protocol, deployed exclusively on Bitlayer — this concentrates execution risk but simplifies the trust model. Its token market cap ($5.5K) is small relative to TVL ($379.6K) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.

Official Resources & Links

Verified external resources for bitSmiley — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Project Website
bitsmiley.io
Twitter / X — @bitsmiley_labs
twitter.com
Token on CoinGecko
coingecko.com
Token on CoinMarketCap
coinmarketcap.com

Other CDP protocols on Mantapex

bitSmiley is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether bitSmiley's own TVL is at the top, middle, or tail of the category.

Sky Lending
Sky Lending
TVL $7.4B · 24h -0.04%
USDD
USDD
TVL $563.6M · 24h -12.33%
Lista CDP
Lista CDP
TVL $422.5M · 24h -0.11%
Avalon USDa
Avalon USDa
TVL $403.7M · 24h -0.57%
Liquity V1
Liquity V1
TVL $180.4M · 24h +0.29%
Reservoir Protocol
Reservoir Protocol
TVL $166.9M · 24h +15.44%
Browse all CDP protocols on Mantapex

Recent bitSmiley news

Latest reporting from major crypto news outlets covering bitSmiley.

Related protocols

Other DeFi protocols connected to bitSmiley by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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