That's what I use. It's way more stripped down than a modern smart watch, but it has good battery life, a transflexive LCD, can discretely give me notifications so I can keep my phone on silent, and can show me the weather at a glance.
There are more things it can do, I just find my phone is better for the majority of them.
I'm looking for a 3atm waterproof os smartwatch.
Banglejs Is supposed to be 3atm like the amazfit bip If you close the hole for the barometer but I won't risk it.
Any 3atm os smartwatch available?
I would reall love to have an open source watch, but unfortunately both the pinetime and bangle.js 2 lack severely in the activity tracking, which is the primary reason for me to have a smart watch.
I'm not sure how the screen is on the pinetime, but on the bangle.js 2 it's surprisingly bad. Not a deal breaker by itself, but combined with a sort of limping experience on other parts, it's not a good product (yet).
Notifications, media control, minor navigation aids, some heart rate stuff (they've linked some papers for their algorithm which I think is cool cause now we can discuss the validity of said algorithm for heart rate monitoring) and most importantly 1024 (the game)
Similar to what most smartwatches can: measure heartbeat, show notifications and answer calls from your smartphone, flashlight (by showing white write screen), show weather, etc.
Gatgetbridge (your link) has a breakdown of devices they support https://gadgetbridge.org/gadgets/ . You can click through the vendors to find devices which are both "highly supported" and "no vendor-pair". Meaning most/all the features work without any reliance on the vendor app.
As for the similarity you are asking about with pixel->GrapheneOS, there are very few watches that can run an alternative open source firmware or operating systems apart from the ones that are already open source, like bangle.js, pinetime, etc. Wearables are even more specialized than phones, they require specialized code designed specifically for them and would likely require pretty extreme effort to reverse-engineer.
I use a pebble 2 HR with gadgetbridge but the watch it self runs the old pebble firmware which gadgetbridge talks to. This is fine for me, but if you are looking for a more modern watch you may have to make some compromises.
There's AsteroidOS but I couldn't find any of the supported watches (all quite old IIRC) at a reasonable price.
Gadgetbridge with some proprietary watch is fine privacy-wise (I had an Amazfit GTR3 pro, I needed to register an account with the Zapp app and use it once, but then uninstalled it once I got the required password and used Gadgetbridge exclusively).
Bangle and the Pine Watch are low-res and IMHO quite ugly compared to alternatives from big brands.
I just picked up a banglejs 2 and I love it. I was using a galaxy smart watch 5 but didn't work without gapps on my lineage phone. Its obviously not as good as the Samsung smart watch but I've been super happy with it. No creating accounts, getting tokens etc. Just pair it via Bluetooth and gadget bridge and you are good to go. Its a little pricey but for open source watch its awesome, I've heard good things about pinetime as well.
I use the AmazFit Band 7, the last sensibly sized watch that exists it often feels like.
Weather fails to sync, but then it's probably the least important feature on a watch. The only feature I really wish Gadgetbridge could do that even the official stack can't is "nap mode"
As a narcoleptic person still recovering from major depression, I wish I could either press a button to silence the watch and set a "smart alarm" for 30 minutes. Even better if it would turn on automatically if it detects me sleeping during the day!
The only other thing GB can't do is stand in for the phone-side ZeppOS API functionality, but who needs that, let's be honest!
Fantastic battery life to boot. I have gone two weeks after forgetting to charge it while wearing it almost 24×7!
I have a pinetime and I basically just stopped using it. I thought it being open source would mean I could add my own features, but development for it sucks and it's massively limited.
Lilygo T-Watch. Sorry, I know I'm late to the party but no one mentioned these. They're a little closer to a development platform, but basic enough for anyone to pick up and learn. They're similar to the PineTime in terms of being low-power, more simple options. But this uses a more powerful ESP32-S3 SoC and is a lot more responsive.
If you want something feature rich, I have the Amazfit Balance Watch and its just as nice as the Pixel Watch hardware wise. It runs a closed source Chinese Zepp OS but if you pair it with GadgetBridge, none of your data can go anywhere except your phone local storage, and 95% of the features work well.
Really wish we'd get some nice, fast RISC-V base boards with a nice amount of flash memory paired with a cool round LCD display..keep patrolling CNX for the parts but they don't seem to be quite there yet.