According to ChainCatcher, the multi-chain yield protocol Magpie has initiated a community proposal to launch a new SubDAO Babypie for Bitcoin staking.

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 Babypie tokens BBP, which will be released and locked in the Magpie treasury within two years. The proposal vote will end at 10:00 am on June 28, and currently supporters account for 99.75%.