Magpie initiates community proposal to launch SubDAO Babypie for Bitcoin staking
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%.
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.
You may also like
Polygon Co-Founder Mihailo Bjelic Leaves Project Amid POL Token Transition
Scaramucci: Solana could replace banks in IPOs and cut costs
Institutional investors buy AVAX as retail falls and rates soar
Ripple and XRP Could Boost G20’s Global Payments Goal
Trending news
MoreCrypto prices
More
