if you are constantly observing coolant drop, there could be a few things causing this:
1. A small leak externally
2. A failed waterpump seal.
3. A failed headgasket.
I suggest you first pay attention to the first two.. look around the hose pipes/radiator area for any leaks. And also take a sample of the coolant from radiator and engine oil and check.
then maybe replace the waterpump and the seals (comes as a kit). Drain and refill fresh coolant and engine oil. Keep an eye on the coolant level and oil condition.
now coming to smoke part.. a tiny leak from a head gasket failure might not cause noticeable smoke. but if the leak is big enough you should be seeing whitish smoke.
if you see bluish smoke, then it is definitely the oil which is getting into the combustion chamber either due to bad valve oil seals or worn piston rings.



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