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Magpie initiates community proposal to launch SubDAO Babypie for Bitcoin staking

CointimeCointime2024/06/25 04:13
By:Cointime

On June 25th, Magpie, a multi-chain yield protocol, proposed a new SubDAO called Babypie for Bitcoin collateral. Babypie will focus on using Bitcoin for proof-of-stake (PoS) collateral through the Babylon chain. Magpie will receive 20% of the Babypie token BBP, which will be released over two years and locked in the Magpie treasury. The proposal vote will end at 10:00 am on June 28th, with supporters currently at 99.75%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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