Magpie, a multi-chain yield protocol, has proposed the launch of a new SubDAO named Babypie, which will focus on Bitcoin staking through the Babylon chain. Babypie will specialize in Proof of Stake (PoS) staking using Bitcoin. Magpie is set to receive 20% of Babypie's BBP tokens, which will be locked in a vault to enhance vlMGP SubDAO rewards and increase the value of MGP tokens. The proposal voting is scheduled to end on June 28 at 10:00 AM, with current support at 99.75%.

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<p>Deep Tide TechFlow News, the multi-chain yield protocol Magpie has initiated a community proposal to launch a new SubDAO Babypie for Bitcoin staking.</p>
<p>It is reported that Babypie will focus on using Bitcoin for Proof of Stake (PoS) staking through the Babylon chain. Magpie will receive 20% of the BBP tokens from Babypie, which will be locked in the treasury. This will enhance the rewards of the vlMGP SubDAO and increase the value of the MGP token.</p>
<p>The proposal voting will end at 10:00 am on June 28, with current supporters accounting for 99.75%.</p>
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Magpie Proposes New SubDAO Babypie for Bitcoin Staking, to Receive 20% of BBP Tokens