TechFlow reports that the multi-chain yield protocol Magpie has launched a community proposal to introduce Babypie, a new SubDAO dedicated to Bitcoin staking.
According to the proposal, Babypie will focus on enabling proof-of-stake (PoS) staking with Bitcoin through the Babylon chain. Magpie is set to receive 20% of Babypie’s BBP tokens, which will be locked in a treasury vault. This mechanism aims to boost vlMGP SubDAO rewards and enhance the value of the MGP token.
The proposal voting will close on June 28 at 10:00 a.m., with current support reaching 99.75%.




