Abstract
This proposal asks the Magpie community to approve the orderly sunset of Babypie as a standalone product.
Babypie was created to explore Bitcoin staking participation through Babylon and bring BTCfi opportunities to users. After the expenditure of resources allocated for development of Babypie, it is becoming apparent that this is no longer commercially viable.
If approved, Babypie will enter “sunset” status. For the avoidance of doubt, no Babypie token will be minted, issued, launched or distributed, and no airdrop will occur; and Babypie Jewels will not create any claim, entitlement, guarantee, or expectation of a Babypie token distribution or any other obligation (including without limitation to commit funds for any purpose) in favour of Jewel holders.
This proposal applies only to Babypie and does not affect any other Magpie product, SubDAO, protocol initiative, governance process, or ecosystem activity except as may be expressly communicated in a separate official communication.
Motivation
A formal sunset gives users clarity and finality around future development and token expectations, and creates a clear, binding governance record of the community’s decision regarding Babypie.
Babypie helped Magpie explore BTCfi, Bitcoin staking participation, and user demand around Babylon. After review, the most transparent path is to close the product through governance rather than leave its future status open-ended, and optimise the usage of ecosystem resources in a different direction.
Any material updates or required user actions will be communicated only through official Magpie channels. The team will never request seed phrases, private keys, or direct wallet transfers through DMs.
Magpie thanks every user and community member who trusted Babypie, participated in its journey, and supported the product.
Specification
Vote to approve the orderly sunset of Babypie.
If approved:
- Babypie will be placed into permanent sunset status; it will no longer be actively developed, expanded, or promoted as a standalone product.
- No tokens associated with Babypie (whether described as native, utility or governance token or otherwise) will be minted, issued, launched or distributed. No Babypie-related airdrop, incentive, reward or similar distribution will be made
- Babypie Jewels will remain purely historical off-chain participation points generated within a closed environment only. They do not hold any intrinsic value, utility, or exchangeability, and are intended solely as a record of a user’s interaction within the Babypie environment. Babypie Jewels do not, have never, and will not under any circumstances confer, imply, represent, or constitute any right, title, claim, interest, contract, option, equity, covenant, debt, entitlement, warrant, guarantee, promise, legitimate expectation, or other legal, equitable, or financial interest in or to any token, airdrop, yield, reward, revenue, fee-split, governance right, or other distribution of assets or value, whether present or future, contingent or vested, liquidated or unliquidated, from Babypie, Magpie, or any associated affiliate, developer, foundation, or entity.
- The creation, accumulation, possession or display of Babypie Jewels creates no contractual, fiduciary, agency, partnership, trust or other legal relationship or binding obligation upon the Babypie protocol, Magpie or any associated affiliate, developer, foundation, or entity. No person may rely on the creation, accumulation, possession or display of Babypie Jewels as evidence of any promise, representation, commitment or expectation that any token, airdrop, reward, distribution or other benefit will be provided now or in the future.