Bitcoin DeFi infrastructure bitSmiley receives strategic investment from KuCoin Ventures

ChainCatcher news, KuCoin Ventures announced a strategic investment in the Bitcoin DeFi infrastructure bitSmiley. It is reported that bitSmiley is a Bitcoin blockchain protocol based on the Fintegra framework, consisting of a decentralized over-collateralized stablecoin protocol, a native trustless lending protocol, and a derivatives protocol.

According to RootData, bitSmiley completed its first round of financing last December, with major investors including OKX Ventures, ABCDE, CMS Holdings, Foresight Ventures, and others.