# Terms and Conditions These Terms and Conditions (these “Terms”) set out the basis on which you may access and use [Babypie](https://www.babypiexyz.io/) (the “Site”). The Site is a website hosted user interface provided by Babypiexyz Inc., a company incorporated in Panama (“Babypie”, “we” or “us”) and the Site enables users to interact with certain smart contracts deployed on the blockchain (the “Protocol”). You must read and understand these Terms in its entirety before accessing and using the Site. Each time you access or use the Site, you indicate your acceptance of these Terms. If you do not accept these Terms, you are not permitted to use the Site and must cease all activity on the Site. THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CERTAIN WAIVERS. YOU SHOULD READ THESE PROVISIONS CAREFULLY AND UNDERSTAND HOW YOUR RIGHTS ARE AFFECTED BEFORE ACCEPTING THESE TERMS. ### 1. Nature of the Site THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CERTAIN WAIVERS. YOU SHOULD READ THESE PROVISIONS CAREFULLY AND UNDERSTAND HOW YOUR RIGHTS ARE AFFECTED BEFORE ACCEPTING THESE TERMS. By using the Site, you understand that you are not transferring crypto assets to us and the assets are deposited directly into underlying third-party protocols. Please note that when using the Protocol, crypto assets that have been "bridged" or "wrapped" to operate on other blockchain networks (including to blockchains compatible with the Ethereum Virtual Machine that are designed to ensure a blockchain can effectively process more transactions or other blockchains that are frequently referred to as "Layer 2" solutions) are distinct from the asset on its native chain. ### 2. Permitted Use of the Site You agree to use the Site only for lawful purposes and in a manner consistent with all applicable laws and regulations and in the manner intended by us. By accessing or using the Site, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you, as well as any tax obligations. You shall not use the Site: * to exploit any vulnerability of the Site, whether or not for financial or other personal gain or otherwise probe, scan, or test the vulnerability of the Site. You must not breach the security or authentication measures implemented on the Site; * to attempt to gain unauthorized access to the Site, its servers, or any other systems or networks connected to the Site. This includes hacking, password "mining", or any other illegitimate mean; * to introduce any malware, harmful material or otherwise unauthorized material to the Site or other users of the Site or use any automated device, program, or process (including but not limited to deep-linking, page-scraping, robots, spiders, or similar methods) to access, copy, monitor, or extract any part of the Site without prior written permission from us; * in connection with any cyber attacks, whether against the Site or any other website; * in a manner which involves market manipulation or financial crime or in a manner which would make the Site an accessory to any market manipulation or financial crime; * to engage in any activity that is, or is intended to be, libelous, defamatory, profane, obscene, indecent, hateful, abusive, fraudulent or deceptive; * to engage in any activity that seeks to reveal or obtain personal identification or information about other users or visitors to the Site, or any other customers of ours. This includes reverse look-up, tracing, or any other means to uncover such information; or * for any activity that is otherwise prohibited by law or infringes upon the rights of others. You agree not to take any action that imposes an unreasonable or disproportionately large load on the infrastructure of the Site. In particular, you shall not use any device, software, or routine that interferes or attempts to interfere with the proper functioning of the Site, or any transaction being conducted on the Site. Additionally, you must not interfere with or disrupt any other user’s use of the Site. ### 3. Wallet Security To access and use the Site, you must use a non-custodial wallet software (your “Wallet” and all the non-custodial wallet software you use, your “Wallets”), which allows you to interact with public blockchains. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service with the third-party. We do not have custody or control over the contents of your wallet and have no ability to retrieve or transfer its contents. We own all intellectual property and other rights in the Site and its contents, including, but not limited to, software, text, images, trademarks, service marks, copyrights, patents, designs, and its "look and feel". Subject to your compliance with these Terms and any other terms agreed with us separately, we grant you a limited, revocable, non-transferable, and non-exclusive license to access and use the Site for personal purposes only. This license does not grant you any ownership or rights to our intellectual property. All intellectual property and any other proprietary rights associated with the Site and its content are and shall remain our sole property. These Terms do not transfer any ownership or intellectual property rights to you. You shall not claim or assert any right, title, or interest in or to our intellectual property by virtue of your access and use of the Site. You shall not modify, reproduce, distribute, display, perform, publish, create derivative works from, or exploit in any way our intellectual property without our prior written permission. We reserve the right to take legal action, including seeking damages and injunctive relief, against any individual or entity that violates our intellectual property rights or uses the Site in a manner that infringes upon our intellectual property. No licenses or rights are granted to you by implication or estoppel with respect to our intellectual property or the intellectual property of any third party. ### 5. Representations and Warranties On each instance that you access and use the Site, you represent and warrant to us that: * it is lawful under the laws applicable to you to access and use the Site; * you are not accessing the Site from a country that is sanctioned by any governmental or supranational body, including but not limited to the Office of Foreign Assets Control of the United States Department of the Treasury, the United Nations Security Council, the European Union, any European Union member state and that you are not an individual subject to any sanctions by a governmental or supranational body; * you are not a citizen, resident of, or a legal entity incorporated or organized under the laws of, the United States, Russia, Cuba, Iran, North Korea and Crimea; * you understand and accept all risks of using the Site and crypto tokens; * you have full understanding of the nature and risks of digital assets and blockchain networks, and voluntarily and of your own accord; * you have knowledge and experience in all relevant matters as to be capable of evaluating the merits and risks of accessing and using the Site and conducting transactions using the Protocol; * you have full authority and power to enter into these Terms and that your entry into these Terms does not conflict with any other legal obligation (whether under statute, contract, tort or otherwise) that is binding on you; and * your acceptance of these Terms are legal, valid, binding and enforceable obligations of yours. ### 6. Third-Party Websites The Site may contain links or references to third-party websites that are not owned or controlled by us. These links are provided for your convenience and informational purposes only. We do not endorse, guarantee, or assume any responsibility for the accuracy, reliability, or legality of the content on these third-party websites. By accessing and using any third-party websites linked from the Site, you acknowledge and agree that you do so at your own risk. We shall not be held liable for any damages or losses arising from your use of or reliance on the content, products, or services offered by these third-party websites. We recommend that you review the terms and conditions and privacy policies of any third-party websites you visit. Your interactions with these websites are governed by their respective terms and policies, which may differ from ours. The inclusion of any third-party links on the Site does not imply endorsement or affiliation with the linked website or its operators. We disclaim any responsibility for the actions, content, or practices of any third-party websites. If you decide to access or use any third-party websites linked from the Site, you do so voluntarily and solely at your own discretion. Please note that while we strive to provide reliable and useful links, we cannot guarantee the accuracy, safety, or reliability of third-party websites. It is your responsibility to exercise caution and make informed decisions when accessing or using any third-party websites. You agree to cooperate fully in any investigation regarding a violation of these Terms. This may include providing any information or evidence necessary to resolve the matter satisfactorily. You understand and agree that we shall not be liable to you or any third party for any damages, losses, or expenses incurred as a result of our actions taken in response to a violation of these Terms. By using the Site, you acknowledge and agree that any violation of these Terms may result in the termination or suspension of your access to the Site and may lead to legal consequences. ### 8. Limitation of Liability In no event shall we or our affiliates, directors, officers, employees, or agents be liable for any direct, indirect, incidental, special, consequential, or exemplary damages or loss, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses or other costs and expenses (including legal or other professional adviser fees) (“Losses”), arising out of or in connection with your use of the Site or the inability to access or use it. Notwithstanding that we will not be responsible for any Losses suffered by you, if you suffer any Losses, you must take all reasonable steps to mitigate such Losses which has occurred or may occurred. To the extent the limitations of liability are unenforceable, our maximum liability to you shall be the lowest amount permitted under the relevant applicable laws. ### 9. Indemnity You shall indemnify and keep us indemnified in full and on demand, and hold us harmless, from all claims, liabilities, direct or indirect damages, losses, costs, expenses, or fees (including reasonable attorneys' fees) suffered or incurred by us arising out of or in connection with (1) your violation of these Terms, (2) your violation of any rights of any other person or entity, including but not limited to intellectual property rights, privacy rights or contractual rights, (3) your access to or use of any third-party websites linked from the Site, or (4) your violation of any applicable laws, regulations or third-party rights which involve the use of the Site. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will cooperate with us in asserting any available defenses. You acknowledge and agree that the indemnification obligations set forth in this provision shall survive the termination or expiration of these Terms and your use of the Site. ### 10. Circumstances Beyond Our Control While we will use reasonable efforts to ensure the Site is operational to a satisfactory service level, there are events that are circumstances beyond our reasonable control which may inhibit, affect or prevent your access and use of the Site. These include, without limitation: * disruption of the information services required to access the Site such as your Internet service provider, our servers, the blockchains on which the Protocol is deployed, etc.; * hardware failures of our servers or your personal device or Internet service provider; * a temporary or indefinite halt of the functionality of the Site or any blockchain on which the Protocol is deployed; and * cyberattacks against the Site or other malicious malware used to henbit the functionality of the Site. We will not be responsible for any Losses incurred by you as a result of any circumstances beyond our reasonable control which may inhibit, affect or prevent your access and use of the Site. The Site does incorporate third-party service providers, such as Infura and Google Analytics, which may receive or independently obtain your personal information from publicly available sources. We do not control how these third parties handle your data and you should review their privacy policies to understand how they collect, use, and share your personal information. In particular, please visit the privacy policies of Infura and Google to learn more about how these third parties use data. By accessing and using the Interface, you understand and consent to our data practices and our service providers' treatment of your information. We use the publicly available information we collect to detect, prevent, and mitigate financial crime and other illicit or harmful activities on the Interface. For these purposes, we may share the publicly available information we collect with blockchain analytics providers or legal authorities as appropriate. We may share your publicly available information with these service providers only so that they can help us promote the safety, security and integrity of the Site. We do not retain the information we collect any longer than necessary for these purposes. It is our policy to comply with all legal and regulatory requests, provided they are not invalid, overbroad, or unconstitutional requests as appropriate. However, we cannot guarantee that unauthorized third parties will never be able to obtain or use your information or aggregate data for improper purposes. You acknowledge that you provide your information and aggregate data at your own risk. ### 12. Taxes Your access and use of the Site may result in various tax consequences, such as income or capital gains tax, value-added tax, goods and services tax, or sales tax in certain jurisdictions. It is your responsibility to determine whether taxes apply to any transactions you initiate or receive and, if so, to report and/or remit the correct tax to the appropriate tax authority. ### 13. No Warranties The Site and its content are provided on an "as-is" and "as available" basis without any representations or warranties of any kind, whether express, implied, or statutory. We do not warrant that the website will be uninterrupted, error-free, secure, or free from viruses or other harmful components. To the extent permitted by the law, we disclaim all warranties, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not represent or warrant that access to the Site will be continuous, uninterrupted, timely, or secure; that the information contained in the Site will be accurate, reliable, complete, or current; or that any of our products will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement that we make should be treated as creating any warranty concerning the Site. Similarly, the Protocol is provided "as is", at your own risk, and without warranties of any kind. The Protocol is run autonomously by the smart contracts deployed on various blockchains. The information provided on the Site and any of the social media accounts under the control of us or any individuals directly affiliated with us, including but not limited to articles, guides, and other content, is for informational purposes only. It does not constitute financial, investment, legal, tax, or any other professional advice. We do not provide any personalized recommendations or advice regarding the suitability, profitability, or legality of any investment, financial strategy, or transaction. Any decision to engage in transactions on the Site is solely at your own risk and discretion. You should consult with appropriate professionals, such as financial advisors, lawyers, or tax advisors, to obtain specific advice tailored to your individual circumstances before making any transactions on the Site. Your access and use of the Site does not establish a client, advisory, or fiduciary relationship between you and us. We make no representations or warranties regarding the accuracy, completeness, or timeliness of the information provided on our Site. We shall not be held liable by any person for any errors or omissions in the content or for any actions taken in, or any losses, damages, or liabilities arising from, reliance of the information provided. You bear full responsibility for evaluating the accuracy, completeness, and usefulness of any information or content provided on the Site and for seeking professional advice as necessary. By using the Site, you acknowledge and agree that we do not provide any investment, legal, tax, or other professional advice. You should seek appropriate advice from qualified professionals before making any financial or investment decisions. We shall not be held responsible for any consequences resulting from your reliance on the information provided on the Site. ### 15. Reservation of Rights We reserve the right to take appropriate legal action, including but not limited to seeking damages, injunctions, or any other remedies available under applicable law, to address any violation of these Terms. We reserve the right to prohibit or block any activity on the Site that violates these Terms, including but not limited to the use of automated devices, unauthorized access attempts, or probing, scanning, or testing the vulnerability of the Site. ### 16. Assumption of Risk You acknowledge and agree that the access or use of the Site and any involvement with crypto assets carry inherent risks. These risks include, but are not limited to, market volatility, potential loss of investment, regulatory changes, technological vulnerabilities, and cybersecurity risks which are beyond our control. We shall not be held liable for any losses, damages, or liabilities arising from your use of crypto assets or any transactions related to crypto assets conducted through the Site. You understand and accept that the value of crypto assets can fluctuate significantly, and there is no guarantee of profit or protection against losses. The decision to engage in transactions involving crypto assets is solely your responsibility, and you bear all risks associated with such transactions. You are solely responsible for conducting your own research, understanding the risks involved, and making informed decisions regarding the use, purchase, sale, or holding of crypto assets. You should consult with appropriate professionals before making any financial or investment decisions. It is your responsibility to ensure compliance with applicable laws, regulations, and tax obligations related to the use and ownership of crypto assets in your jurisdiction. We recommend implementing appropriate security measures, including but not limited to secure storage, strong passwords, and two-factor authentication, to protect your crypto assets and associated information. You acknowledge that the blockchain technology underlying crypto assets is subject to its own risks and limitations, including but not limited to network congestion, technological failures, and delays in transaction confirmation. We shall not be responsible for any losses or damages arising from such risks and limitations. By using the Site and engaging with crypto assets, you acknowledge and assume all risks associated with crypto assets, including any not described above (which is a non-exhaustive coverage of all relevant risks). You agree to release us from any liability and hold us harmless from any Losses incurred in connection with the use of crypto assets. ### 17. Miscellaneous We reserve the right to modify, suspend, or terminate the Site or any part thereof, at any time without prior notice. We shall not be liable to you or any third party for any such modification, suspension, or termination. In addition, we may update these Terms from time to time in our sole discretion and without any prior notice to you. It is your responsibility to check the Site for the latest version of these Terms. The most recent date of update will clearly indicated in these Terms. If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law. These Terms contain the whole agreement between you and us relating to your access and use of the Site. You agree and acknowledge that you are not agreeing to these Terms in reliance of any representation, warranty or undertaking made by us. These Terms shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of laws principles. Any dispute, controversy, difference or claim arising out of or relating to this contract, including the existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it (“Dispute”) shall be referred to and finally resolved by arbitration administered by an arbitral institution determined by us under arbitral rules determined by us. The seat of arbitration shall be Singapore and there shall be a single arbitrator appointed by us. You and us explicitly waive any right to have a Dispute heard by jury trial and any Dispute you bring must be brought in your individual capacity and not as a plaintiff in or member of any purported class action, collective action, private attorney general action, or other representative proceedings. In the event that any immunities apply to you, you agree to waive such immunities. # Babypie Introduction Liquid Staking for Bitcoin
Babypie is a liquid staking platform that allows BTC to be staked on Babylon and utilized across DeFi. Bitcoin holders can deposit their BTC on Babypie to mint mBTC, which is an ERC-20 token pegged to BTC on a 1:1 basis and does not accrue any underlying yield.
Users can stake their mBTC as smBTC using Babypie to earn yield. smBTC stands for "Staked mBTC" and represents Babypie's yield-bearing, cross-chain, BTC-backed solution for liquid staking on Babylon. smBTC allows users to maintain the liquidity of their assets while the underlying BTC is utilized by Babylon's finality providers to validate new PoS systems. smBTC offers the flexibility to participate and benefit from the DeFi ecosystem while earning staking rewards from Babylon. ## Unlocking Bitcoin's Full Potential
Babypie is harnessing Bitcoin's potential by merging it with the DeFi ecosystem. Babypie facilitates yield-generating BTC staked on Babylon to be used across protocols in different networks, increasing the capital efficiency of Bitcoin while nurturing the decentralized finance ecosystem with more TVL. ## Innovative Staking with smBTC Native BTC holders can deposit their assets on Babypie to mint mBTC which can be staked on Babypie to receive smBTC and earn yields from Babylon. smBTC is a liquid staked, yield-bearing version of Bitcoin that grows in value relative to mBTC and is backed by more than 1 BTC staked on Babylon. smBTC allows users to earn yield from Bitcoin staking without any lockup period, providing extra rewards and opportunities for Bitcoin holders. Early mBTC and smBTC holders from Babypie also accumulate Babypie Jewels, securing them an airdrop of our Babypie's BBP token and BBP IDO quota. smBTC will be launched later, after Babylon enables staking yield. ## How It Works Babypie stakes BTC through Finality Providers on Babylon, which use the staked BTC to secure new PoS systems and generate rewards in return. smBTC holders benefit from direct participation in validating these new systems within the Babylon staking protocol, as the value of smBTC will increase in relation to the value of BTC once Finality Providers (validators) start to secure systems. By serving as a native BTC provider for Finality Providers, Babypie offers native BTC holders the advantages of staking on Babylon while supporting the growth of DeFi with Bitcoin's shared security. ## Impact As a top-tier SubDAO developed by Magpie, Babypie focuses on liquid staking services for BTC using Babylon. This innovative approach ensures that Bitcoin can be held as a store of value while simultaneously being used to earn, stake, trade, and engage with DeFi on a global scale. By leveraging the Babylon staking protocol, smBTC allows BTC holders to earn yields from their underlying staked BTC and opens the doors to secure, flexible, and additional rewards through liquid staking. This broadens the scope of benefits available for both long-term and short-term Bitcoin holders while contributing to the maturity and efficient evolution of the DeFi space. ## Official Links * [Website](https://www.babylon.magpiexyz.io/stake) * [Twitter](https://twitter.com/Babypiexyz_io) * [Medium](https://medium.com/babypie) * [Telegram](https://t.me/Official_MagpieMegaDao/101184) # Bitcoin
## Bitcoin: PoW Blockchain Bitcoin is a digital currency built on a decentralized blockchain, allowing users to send and receive money online without the need for a central authority like a bank. BTC is the native currency of the Bitcoin blockchain; it's used as a store of value, to transfer value, and to pay transaction fees across the network. For a long time, BTC (Bitcoin) has not provided any rewards for holding it. This stands in contrast to other blockchains that utilize a proof-of-stake (PoS) mechanism, allowing coins to be staked to enhance security and validate the network to earn rewards. Bitcoin functions through a mechanism known as proof-of-work (PoW) in which miners compete to solve a complex cryptographic puzzle. The miner who solves the cryptographic puzzle completes a block and earns a reward of 3.125 BTC per block. This process is repeated continuously, with the BTC reward per block reduced by half approximately every four years through an event called "halving." In contrast to PoS, in a PoW system, coins can't be staked to improve security and validate the network; this responsibility lies with the miners. ## Details * Bitcoin was introduced by an anonymous entity known as Satoshi Nakamoto in 2008 through a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System". * The Bitcoin blockchain went live on January 3, 2009. * BTC is the native currency of the Bitcoin blockchain * The total supply of Bitcoin (BTC) is capped at 21 million, introducing scarcity akin to precious metals. * Bitcoin serves as a store of value and has been embraced as "digital gold," with its influence extending into various aspects of the global financial system. ## Influence **Bitcoin ETFs** With the approval of spot Bitcoin ETFs, the adoption of Bitcoin is poised to accelerate as traditional investors gain a regulated and straightforward means to gain exposure to the cryptocurrency. This ease of access, coupled with the legitimacy conferred by regulatory approval, attracts substantial institutional investment, increasing market liquidity and stability. Additionally, the integration of Bitcoin into established financial infrastructure through ETFs promotes broader public awareness and acceptance, fostering a more robust and diversified investment landscape. **Legal Tender** As of 2024, Bitcoin is recognized as legal tender in El Salvador and the Central African Republic, revolutionizing financial landscapes in these countries. This status allows for seamless and equal footing with national currencies, facilitating easier and cheaper transactions, especially for the unbanked population. The adoption of Bitcoin has spurred economic growth, attracted foreign investment, and promoted financial inclusion. This pioneering move sets a precedent for other nations, opening doors to broader acceptance and integration of cryptocurrency into the global economy. # Babylon
**We are entering a new era with the introduction of** [**Babylon**](https://babylonchain.io/), a revolutionary protocol that allows native Bitcoin staking. This development has the potential to transform BTC's evolution and the DeFi landscape as a whole. Babylon enables Bitcoin holders to not only benefit from price increases but also actively participate in the security and validation of other Proof-of-Stake (PoS) systems while having BTC, creating opportunities for sustainable yield. With Babylon, Bitcoin's utility extends beyond being a store of value, opening new opportunities for BTC users and solidifying its role in the future of global finance. It implements the concept of 'staking,” which allows BTC owners to earn rewards by putting their assets to work. # Finality Providers
In the Babylon ecosystem, Finality Providers are essential, utilizing their processing power to sustain and enhance various systems. These providers have the autonomy to choose which specific services they want to support, thereby contributing to the robustness and efficiency of the ecosystem. Individuals and organizations have the opportunity to become Finality Providers, thereby strengthening the network's resilience and broadening its functionality. By partnering with Babylon, they allow Bitcoin holders to delegate their assets, promoting a safer and more efficient network. Their involvement with various systems is crucial in enhancing and diversifying the network's capabilities, contributing to the development and flexibility of the wider blockchain ecosystem. # Systems
Systems in the Babylon ecosystem encompass a range of services that require distinct distributed validation mechanisms for verification. These systems include, but are not limited to, sidechains, data availability layers, new virtual machines, keeper networks, oracle networks, bridges, threshold cryptography schemes, and trusted execution environments. Systems are instrumental in expanding the Babylon platform's functionality and security, permitting Babylon Finality Providers to stake BTC, accept asset delegations, and operate specialized software. # Staking / Liquid Staking Reuse your staked BTC via Babypie
## Staking and Liquid Staking * Staking involves locking assets to validate and secure a blockchain * Liquid staking allows users to earn rewards on multiple layers or protocols using their already staked assets without needing to relocate them. ### Babylon - Traditional Staking for BTC Babylon offers a framework for native BTC holders to generate rewards through staking and validating other systems. However, users who directly deposit their BTC into Babylon cannot access their assets during the deposit period. # How to stake BTC via Babypie Babypie is a top-tier SubDAO created by Magpie that focuses on liquid staking for Bitcoin and the BTCfi ecosystem. As a liquid staking platform for Bitcoin, Babypie enables users and institutions to deposit BTC to mint mBTC — a 1:1 BTC-pegged ERC-20 token. While mBTC does not currently generate yield, it offers full liquidity and can be used across various DeFi protocols. By holding mBTC, users accumulate Babypie Jewels — securing access to the upcoming BBP airdrop and IDO allocation. ## To participate in Babypie's BTC Treasure Quest, users need to register their wallets on Babypie using one of the following: * OKX Wallet * Bitcoin Electrum wallet + an Ethereum Wallet # Stake WBTC via Ethereum Users can stake WBTC on Babypie through Ethereum to mint mBTC ## 1. Enter [Babypie](https://www.babylon.magpiexyz.io/stake) ## 2. Connect your Wallet * Hover to the top right corner of your page and connect your wallet
## 3. Navigate to the "Stake" tab
## 4. Select Ethereum to stake your WBTC
## 5. Approve the stake of your WBTC into Babypie * Select the amount of tokens to stake * Approve (Approve infinity can be selected in case that users want to stake more tokens later)
## 6. Stake your WBTC and mint mBTC * Stake your WBTC into Babypie and automatically start accumulating Babypie Jewels * WBTC depositors on Babypie accumulate 100 Babypie Jewels every hour for each mBTC minted
# Stake WBTC via Arbitrum Users can stake WBTC on Babypie through Arbitrum to mint mBTC ## 1. Enter [Babypie](https://www.babylon.magpiexyz.io/stake) ## 2. Connect your Wallet * Hover to the top right corner of your page and connect your wallet
## 3. Navigate to the "Stake" tab
## 4. Select Arbitrum to stake your WBTC
## 5. Approve the stake of your WBTC into Babypie * Select the amount of tokens to stake * Approve (Approve infinity can be selected in case that users want to stake more tokens later)
## 6. Stake your WBTC and mint mBTC * Stake your WBTC into Babypie and automatically start accumulating Babypie Jewels * WBTC depositors on Babypie accumulate 100 Babypie Jewels every hour for each mBTC minted
# Stake BTCB via BNB Chain Users can stake BTCB on Babypie through BNB Chain to mint mBTC ## 1. Enter [Babypie](https://www.babylon.magpiexyz.io/stake) ## 2. Connect your Wallet * Hover to the top right corner of your page and connect your wallet
## 3. Navigate to the "Stake" tab
## 4. Select BNB Chain to stake your BTCB
## 5. Approve the stake of your BTCB into Babypie * Select the amount of tokens to stake * Approve (Approve infinity can be selected in case that users want to stake more tokens later)
## 6. Stake your BTCB and mint mBTC * Stake your BTCB into Babypie and automatically start accumulating Babypie Jewels * BTCB depositors on Babypie accumulate 100 Babypie Jewels every hour for each mBTC minted
# Stake BTC using OKX Wallet To deposit BTC on Babypie, users can decide to use the OKX wallet only. Users can also use the OKX wallet for the BTC wallet and another wallet, like Metamask, for the Ethereum wallet. ## 1. Ethereum Wallet (OKX wallet or other) * In this wallet users will be eligible to mint their mBTC after depositing BTC on Babypie. ## 2. Bitcoin Wallet (OKX wallet) * In this wallet address users must have BTC balance. This Wallet address must be LEGACY or Native SegWit format and will be used by users to deposit BTC on Babypie. * Also, users must use the OKX Wallet to generate the signature that is needed in order to register their BTC and Ethereum wallets on Babypie. ## Note: Users must connect to Babypie using their Ethereum wallet only (could be OKX or other like MetaMask). The OKX wallet can be used to register your BTC wallet and Ethereum wallet. Please make sure to send your BTC to Babypie's wallet from your registered BTC OKX address. The registered OKX address must be in LEGACY or Native SegWit format. mBTC will be claimable using your registered Ethereum wallet address (OKX, MetaMask, or other). mBTC is an ERC-20 token pegged to BTC on a 1:1 basis, and users must pay gas fees in Ethereum L1 when claiming via Babypie. ## Important We strongly advise against using BTC wallets that contain BTC assets such as Ordinals or Runes for deposits to Babypie. There is a risk that your UTXOs might inadvertently be spent when staking from such a wallet, potentially leading to the loss of your assets. To avoid this, please use a different BTC wallet that does not hold any BTC assets like Ordinals or Runes when making deposits to Babypie. Babypie will not be responsible for any losses incurred if this guideline is not followed. Make sure to use a BTC address without Bitcoin assets like ordinals or runes for depositing. ## Start ## 1. Download the OKX Wallet extension * [Download here](https://chromewebstore.google.com/detail/okx-wallet/mcohilncbfahbmgdjkbpemcciiolgcge?hl=en) * Create or Import Wallet
## 2. Set your password
## 3. Backup your seed phrase
## 4. Confirm your seed phrase
## 5. Press "Start your Web3 journey" to begin
## 6. Your Wallet is ready / Enter the Babypie website * [https://www.babylon.magpiexyz.io/stake](https://www.dev.babylon.magpiexyz.io/stake)

Enter Babypie

## 7. Connect your Bitcoin Wallet
## 8. Input your BTC address * Press "Get Address" * Then, your OKX wallet BTC address will fill the space (Make sure the BTC address type is LEGACY or Native Segwit). You can select the correct one through your BTC address on the wallet. * Users need to use the same type of Bitcoin address for both registration and deposits on Babypie. **Example:** If User A registers with a LEGACY Bitcoin address, User A must also use a LEGACY Bitcoin address to transfer BTC to Babypie's BTC address.
## 9. Connect your Ethereum wallet
## 10. Input your Ethereum Wallet address * Press "Get Address" * Then, your Ethereum wallet address will fill the space
## 11. Press "Get Signature"
## 12. Register your wallet
## 13. Input the amount of BTC you want to stake via Babypie and press "Send BTC"
## 14. Mint mBTC through your registered Ethereum Wallet * Claim mBTC (4 block confirmations are needed before being able to mint mBTC)
After this process is completed, BTC depositors on Babypie will have the flexibility to explore DeFi opportunities. Note: Baypie's withdrawal feature is currently being developed and will be launched soon. Please take this into account before staking/depositing BTC. # Stake BTC using Bybit Wallet To deposit BTC on Babypie, users can decide to use the Bybit wallet only. Users can also use the Bybit wallet for the BTC wallet and another wallet, like Metamask, for the Ethereum wallet. ## 1. Ethereum Wallet (Bybit wallet or other) * In this wallet users will be eligible to mint their mBTC after depositing BTC on Babypie. ## 2. Bitcoin Wallet (Bybit wallet) * In this wallet address users must have BTC balance. This Wallet address must be LEGACY or Native SegWit format and will be used by users to deposit BTC on Babypie. * Also, users must use the Bybit Wallet to generate the signature that is needed in order to register their BTC and Ethereum wallets on Babypie. ## Note: Users must connect to Babypie using their Ethereum wallet only (could be Bybit or other like MetaMask). The Bybit wallet can be used to register your BTC wallet and Ethereum wallet. Please make sure to send your BTC to Babypie's wallet from your registered BTC Bybit address. The registered Bybit address must be in LEGACY or Native SegWit format. mBTC will be claimable using your registered Ethereum wallet address (Bybit, MetaMask, or other). mBTC is an ERC-20 token pegged to BTC on a 1:1 basis, and users must pay gas fees in Ethereum L1 when claiming via Babypie. ## Important We strongly advise against using BTC wallets that contain BTC assets such as Ordinals or Runes for deposits to Babypie. There is a risk that your UTXOs might inadvertently be spent when staking from such a wallet, potentially leading to the loss of your assets. To avoid this, please use a different BTC wallet that does not hold any BTC assets like Ordinals or Runes when making deposits to Babypie. Babypie will not be responsible for any losses incurred if this guideline is not followed. Make sure to use a BTC address without Bitcoin assets like ordinals or runes for depositing. ## Start ## 1. Download the Bybit Wallet extension * [Download here](https://chromewebstore.google.com/detail/bybit-wallet/pdliaogehgdbhbnmkklieghmmjkpigpa) * Create or Import Wallet
## 2. Create your password
## 3. Backup your seed phrase
## 4. Confirm your seed phrase
## 5. Press "Start Using" to begin
## 6. Your Wallet is ready / Enter the Babypie website * [https://www.babylon.magpiexyz.io/stake](https://www.dev.babylon.magpiexyz.io/stake)

Enter Babypie

## 7. Connect your Bitcoin Wallet
## 8. Input your BTC address * Press "Get Address" * Then, your Bybit wallet BTC address will fill the space (Make sure the BTC address type is LEGACY or Native Segwit). You can select the correct one through your BTC address on the wallet. * Users need to use the same type of Bitcoin address for both registration and deposits on Babypie. **Example:** If User A registers with a LEGACY Bitcoin address, User A must also use a LEGACY Bitcoin address to transfer BTC to Babypie's BTC address.
## 9. Connect your Ethereum wallet
## 10. Input your Ethereum Wallet address * Press "Get Address" * Then, your Ethereum wallet address will fill the space
## 11. Press "Get Signature"
## 12. Register your wallet
## 13. Input the amount of BTC you want to stake via Babypie and press "Send BTC"
## 14. Mint mBTC through your registered Ethereum Wallet * Claim mBTC (4 block confirmations are needed before being able to mint mBTC)
After this process is completed, BTC depositors on Babypie will have the flexibility to explore DeFi opportunities. Note: Baypie's withdrawal feature is currently being developed and will be launched soon. Please take this into account before staking/depositing BTC. # Stake BTC using the Electrum BTC Wallet and an Ethereum Wallet To deposit BTC on Babypie, users can use the Electrum Bitcoin wallet + an Ethereum wallet ## 1. Ethereum Wallet (Metamask or other) * In this wallet users will be eligible to mint their mBTC after depositing BTC on Babypie. ## 2. Bitcoin Wallet (Electrum wallet) * In this wallet address users must have BTC balance. This Wallet address must be LEGACY or BECH32 (Nativr SegWit) format and will be used by users to deposit BTC on Babypie. * Also, users must use the Electrum Wallet address to generate the signature that is needed in order to register their BTC and Ethereum wallets on Babypie. ## Note: * Users must connect to Babypie using their Ethereum Wallet only (Metamask or other) * The BTC Electrum Wallet is only used to register your BTC and Ethereum wallets. Users don’t need to connect their Electrum Wallet to Babypie. Please, make sure to send your BTC into Babypie’s MPC wallet from your registered BTC Electrum address. * mBTC will be claimable using your registered Ethereum Wallet address (Metamask or other) * mBTC is an ERC-20 token pegged to BTC on a 1:1 basis and users must pay gas fees in Ethereum L1 when claiming via Babypie. ## Important: We strongly advise against using BTC wallets that contain BTC assets such as Ordinals or Runes for deposits to Babypie. There is a risk that your UTXOs might inadvertently be spent when staking from such a wallet, potentially leading to the loss of your assets. To avoid this, please use a different BTC wallet that does not hold any BTC assets like Ordinals or Runes when making deposits to Babypie. Babypie will not be responsible for any losses incurred if this guideline is not followed. Make sure to use a BTC address without Bitcoin assets like ordinals or runes for depositing. ## Start:

Download Electrum here: https://electrum.org/

## Create/Import Wallet
## Prepare Wallet * Add the "Addresses" tab * Copy your BTC address
## Generate Signature * Press "Tools" * Select "Sign/Verify message
## Step 1: [Register your wallets on Babypie](https://www.babylon.magpiexyz.io/stake) * Paste the BTC address copied from Electrum * Paste the Ethereum address used to sign on Electrum * Paste the signature generated on Electrum
## Step 2: Send BTC to Babypie's Address using Electrum ### A 1\. Open the Electrum wallet 2\. Go to the "Coins" tab 3\. Select the address you want to use to transfer BTC to Babypie's MPC wallet (this should be the address you used to register) 4\. Select "Coin Control" for the address
### B
### C 1\. Copy Babypie's MPC wallet address from the Babypie page
2\. Paste it into the "Pay to" field in the "Send" tab of the Electrum wallet

Once the transaction is submitted, refresh the Babypie’s "Mint BTC" tab to see the transaction.

## Step 3: Mint mBTC on the "Stake tab" * Connect your registered Ethereum wallet * Claim mBTC (4 block confirmations are needed before being able to mint mBTC)

Hover to the top right corner of your page and connect your Ethereum wallet

After this process is completed, BTC depositors on Babypie will have the opportunity to explore DeFi opportunities. ## Note * Baypie's withdrawal feature is currently being developed and will be launched soon. Please take this into account before depositing BTC. * Other non-browser extension wallet apps like Bitcoin Core are also supported as long as they can sign messages. # Babypie's Architecture
**1. Register Wallet:** User sends the following values to the Babypie Manager: * User’s BTC address * User’s EVM address * Signature generated using the Bitcoin wallet by passing the EVM address as the message.
**2. Babypie Manager Action:** The Babypie Manager calls the Chainlink Functions Consumer contract, passing the three values it received from the user. * Babypie Manager: One of Babypie’s smart contracts. * Functions Consumer: A smart contract that can send Functions requests to the Chainlink Oracle Network, where the oracle network returns the results of decentralized computation. **3. Chainlink Functions Consumer Contract Action:** The Chainlink Functions Consumer contract sends a request to the Chainlink DON to run the script to verify the user's signature, using the EVM address as the message string. * [DON - Decentralized Oracle Network](https://docs.chain.link/chainlink-functions/resources/architecture) **4. Verification Result:** The DON returns the result of the verification to the Chainlink Functions Consumer contract by calling it with the result (this process takes around 30 seconds).
**5. Update User Mapping:** The Chainlink Functions Consumer contract calls the Babypie Manager contract to update the user's BTC to EVM mapping if the signature is valid. ### Now, the user can transfer native BTC to Babypie’s MPC wallet (This step can even be done by user before mapping their BTC->EVM address)
**6. BTC Transfer:** The user calls the Babypie Manager with the transaction hash of the BTC transfer to Babypie’s MPC wallet and the BTC address used for the transfer.
**7. Requests to initiate mBTC mint for BTC transfer:** User calls babypie manager to initiate verification of user's BTC transfer in txn and mint mBTC to user's mapped EVM address. **8. Babypie Manager Action:** The Babypie Manager calls another Chainlink Functions Consumer contract with the transaction hash and the user’s BTC chain address. **9. BTC Amount Retrieval:** The Chainlink Functions Consumer contract sends a request to the Chainlink DON to run a script that will get the amount of BTC transferred to the Babypie MPC wallet in the transaction. **10. Amount Confirmation:** The Chainlink Functions Consumer contract receives the result (amount of BTC transferred) of the script from the Chainlink DON. **11. Validation and Processing:** The Chainlink Functions Consumer contract checks if the amount is greater than 0. If yes, it calls the Babypie Manager with the result. **12. Mark txn paid:** The Babypie Manager will mark the txn as paid and call the mint function of the mBTC contract with value equal to BTC transferred by user. **13. mBTC mint:** mBTC token will be minted to the user.
# Babypie's BTC Treasure Quest Collect Jewels and secure BBP Airdrop + IDO quota

Deposit BTC and Refer Friends

## Babypie’s BTC Treasure quest: Collect Jewels to get BBP Airdrop & IDO Quota To reward our early supporters, users who deposit BTC through Babypie’s BTC Treasure Quest will earn **Babypie Jewels**. These Jewels will entitle participants to an airdrop of Babypie’s BBP token and an IDO allocation, proportional to the total Jewels they have accumulated on the platform. Babypie Jewels holders will receive 20% of the BBP supply through an airdrop over 3 seasons, starting with 8% in season 1. Also, 20% of the total BBP supply will be allocated for the IDO. The accumulation rate for Jewels is set at 100 Jewels per hour for each deposited BTC. Users can accumulate 100 Jewels at the end of each hour by maintaining a 1 BTC deposit within Babypie. The more BTC you deposit and hold on Babypie, the more Jewels you will secure for the upcoming BBP token airdrop and IDO allocation. The BBP token will be fairly launched at 20M FDV. Babypie will offer a special promotion during the first 15 days to encourage early deposits by doubling Jewels with a 2x multiplier. Users can seize this limited-time opportunity to maximize their Jewels on Babypie to unlock access for the BBP Airdrop and IDO allocation. ## Babylon Points We will distribute 100% of the Babylon points/airdrop to users. The detailed distribution method will be announced once Babylon announces their point rules. Stay tuned to our social media channels to ensure you seize this golden opportunity. # Refer and Earn More Early depositors on Babypie can join the BTC Treasure Quest event and invite their friends. By referring others, depositors will have the opportunity to earn additional Jewels proportional to the Jewels accumulated by their referees. For every 100 Jewels a referee earns, the referrer receives 10 Jewels at the end of each hour. Referrers and referees create a group that can grow by adding more referrals from group members. ## Group constitution example: A refers B, A refers D B refers C **A, B, C, and D will be in the same group.** E refers F F refers G **E, F, and G will be in the same group.** If a group surpasses a certain amount of BTC deposits (as specified below), a Jewels multiplier will be activated for each group member based on their group bracket. ## Here are the group Jewels multiplier brackets:
Basically If a group surpasses 250 BTC in deposits, then all users in this group will accumulate 150 Jewels per hour per each BTC they deposit. # Example of Jewels Accumulation ### At 12 pm: User A: deposits 20 BTC to Babypie. ### At 5 pm: User A: Accumulates 2,000 \* 5 = 10,000 Jewels User B: Deposits 20 BTC ### At 7 pm: User B: Accumulates 2,000 \* 2 = 4,000 Jewels User A: Accumulates 10,000 + 2,000 \* 2 = 14,000 Jewels; also, 4,000 \* 0.1 = 400 Jewels come from the referral of User B. In total, 14,000 + 400 = 14,400 Jewels were accumulated by User A. ## Table of Accumulated Jewels for User A:
# mBTC BTC-pegged 1:1 wrapped token
mBTC can only be minted by depositing BTC into Babypie. mBTC is a cross-chain wrapped token pegged to BTC on a 1:1 basis and it does not accrue any underlying yield. If you simply hold mBTC in your wallet, you won’t earn rewards. To earn yield, users need to provide liquidity for mBTC in the DeFi ecosystem. # BBP Token
BBP is the governance and reward earning token of the Babypie ecosystem. By integrating with different protocols and fostering innovation, Babypie aligns the platform's growth with participants' prosperity through BBP, driving user engagement. # BBP Tokenomics
## Token Information * Name: Babypie Token * Symbol: BBP * Total Supply: 10 Million * Token Type: ERC-20 ## Token Distribution * Early Supporters Airdrop: 20% * IDO: 20% * Magpie Treasury: 20% * TBD: 40% To showcase our commitment towards our early and core supporters, the Babypie team has formally renounced its allocation of tokens. Instead, 20% of the BBP tokens will be allocated to the Magpie Treasury. This decision reflects our dedication to creating a level playing field and rewarding those who have placed their trust in our ecosystem from the beginning. # Smart Contracts {% tabs %} {% tab title="Bitcoin" %} | Contract | Address | | -------------------- | -------------------------------------------------------------------------------------------------------------------------- | | Babypie's MPC Wallet | [1FoGLbVfpN6e35J45vXSwqsTSajcSxXcYF](https://www.blockchain.com/explorer/addresses/btc/1FoGLbVfpN6e35J45vXSwqsTSajcSxXcYF) | | {% endtab %} | | {% tab title="Ethereum" %}
ContractAddress
mBTChttps://etherscan.io/address/0xbdf245957992bfbc62b07e344128a1eec7b7ee3f
Babypie Managerhttps://etherscan.io/address/0xE813FFA7932f2D182F0ae89254acFD0bAa6E2Df3
CCIP Bridgehttps://etherscan.io/address/0x55fbd2104df5d27c5c804c3754af553d309872a8
verificationProviderFunctionhttps://etherscan.io/address/0x2f18eeae58f0acf1223e903ef79dcce6dab4ffd4
{% endtab %} {% tab title="BNB Chain" %}
ContractAddress
mBTChttps://bscscan.com/address/0x7c1cca5b25fa0bc9af9275fb53cba89dc172b878
Babypie Managerhttps://bscscan.com/address/0xc816c33051bcf2af41b0cb59d5c902d41fbab125
CCIP Bridgehttps://bscscan.com/address/0xba82527f01ac5806b9238ac8b507659c4fc8b016
{% endtab %} {% tab title="Arbitrum" %}
ContractAddress
mBTChttps://arbiscan.io/address/0x2172fad929e857ddfd7ddc31e24904438434cb0b
Babypie Managerhttps://arbiscan.io/address/0xbaa75f25f18699b5593b4626115328ceefbb8bbe
CCIP Bridgehttps://arbiscan.io/address/0x8e72b274701781738407846b3f55209b01fa2246
{% endtab %} {% tab title="Zircuit" %}
ContractAddress
mBTChttps://explorer.zircuit.com/address/0x7FdFbE1fB9783745991CFb0a3D396acE6eE0c909
CCIP Bridgehttps://explorer.zircuit.com/address/0x36F63b36346a5100dfAbd17193D24AF86819f450
{% endtab %} {% tab title="Hemi" %}
ContractAddress
mBTChttps://explorer.hemi.xyz/token/0x0Af3EC6F9592C193196bEf220BC0Ce4D9311527D
{% endtab %} {% tab title="Sonic" %}
ContractAddress
mBTChttps://sonicscan.org/address/0x29190A076072bd71454E032F821eAAb3ba07e0D3
CCIP Bridgehttps://sonicscan.org/address/0xe0750b6271a13f506d7dc0e47b09d76800eb4c88
{% endtab %} {% endtabs %} # Reference Babypie is built with a strong focus on ensuring user safety and peace of mind. However, interacting with any decentralized finance smart contract carries inherent risks. Before launching, our team thoroughly assessed our smart contracts and engaged skilled external auditors to identify potential vulnerabilities. Despite these precautions, there is still a risk of losing all or part of your investment. We encourage you to exercise caution when using the platform and to align your actions with your personal risk strategy. Additionally, users are exposed to risks associated with Babylon due to our direct integration with them, alongside the risks inherent to Babypie. We urge you to review their documentation and understand the risks before engaging with either platform. # Glossary ## BTC BTC is the native currency of the Bitcoin blockchain, used to transfer value, pay transaction fees, and store wealth digitally. ## mBTC mBTC is a cross-chain wrapped token pegged to BTC on a 1:1 basis and it does not accrue any underlying yield. ## Babylon The Babylon Staking Protocol enables Bitcoin holders to stake their native BTC to secure Proof-of-Stake systems and earn yield without requiring third-party custody or bridges. ## Babypie Babypie is a liquid staking platform that allows BTC staked on Babylon to be unlocked and utilized across DeFi through the mBTC token. ## BBP Token BBP is the governance token of Babypie, driving user engagement and aligning the platform's success with user benefits. ## BTC Treasure Quest Babypie's BTC Treasure Quest lets BTC Stakers earn Jewels, qualifying them for a BBP token airdrop and IDO allocation. ## Jewels Babypie Jewels track user participation and contributions on the platform, determining eligibility for the upcoming BBP token airdrop and IDO allocation, based on the total Jewels accumulated. # Official Links Official Links **Website:** [**https://www.babylon.magpiexyz.io/stake**](https://www.babylon.magpiexyz.io/stake)​ **Twitter:** [**https://x.com/Babypiexyz\_io**](https://x.com/Babypiexyz_io)​ **Telegram Discussion:** [**https://t.me/Official\_MagpieMegaDao/101184**](https://t.me/Official_MagpieMegaDao/101184) ​**Medium:** [**https://blog.babypiexyz.io/**](https://blog.babypiexyz.io/)​ **Discord:** [**https://discord.com/invite/magpiexyz**](https://discord.com/invite/magpiexyz) # Media Kit Babypie Brand Assets {% hint style="info" %} {% endhint %} # Security Ensuring the platform's integrity and safeguarding user assets are paramount for Babypie. Our audit reports are available for your review here.
# Supremacy Audit
## Report # Peckshield Audit
## Report # Astrasec Audit
## Report # FAQ ## 1. What is Babypie? Babypie is a liquid staking platform for Bitcoin. It allows users to mint mBTC, an ERC-20 transferable token that is pegged to BTC on a 1:1 basis and it does not accrue any underlying yield. ## 2. How does Babypie works? Babypie is a liquid staking platform for Bitcoin, enabling users to mint mBTC, an ERC-20 token pegged 1:1 to BTC. ## 3. Why Babypie? * Babypie provides liquidity to BTC stakers - smBTC is on the execution layer, so it can be transferred. Users receive staking rewards from validation activities and can sell smBTC via DEX anytime they want to exit their staking position. * Participate in DeFi - Users can leverage smBTC as foundational elements in DeFi protocols while reaping rewards from their staking validation activities. * Governed by the Babypie DAO - This ensures there is no central authority for decision-making, with no single individual possessing access, control, or decision-making power over users’ tokens. Instead, all protocol decisions are determined through DAO voting, with every BBP holder eligible to cast their vote. * Utilizes highly experienced node operators - Babypie collaborates with seasoned finality providers (node operators), reducing the risk of technical errors that could result in slashing or penalties. Users provide the stake, while the finality providers contribute their expertise. ## 4. What is Liquid Staking Liquid staking protocols (Babypie) enable users to mint a transferable liquid staking token (LST) that can be utilized in on-chain activities while their underlying stake remains locked. This allows users to earn staking rewards without the need to maintain any staking infrastructure, hence the term “liquid.” ## 5. What is mBTC? mBTC is a cross-chain wrapped token pegged 1:1 to BTC, but it doesn't generate any yield on its own. Simply holding mBTC in a wallet won’t earn rewards. To earn yield, users must stake mBTC as smBTC via Babypie or provide liquidity for mBTC on a DEX. ## 7. How can I get smBTC? Babypie allows users to deposit their native BTC on our platform to mint mBTC. Through mBTC, native BTC holders can stake their assets in a completely permissionless way via the Babylon staking protocol. Essentially, users can utilize the Babypie platform to stake their mBTC as smBTC, whose value increases in relation to the price of BTC. This value increase in smBTC is derived from BTC staking rewards on Babylon. ## 8. Where can I use smBTC? smBTC powers an expanding network. Discover the apps and services that are seamlessly integrated with smBTC. ## 9. What is Babypie for the Bitcoin ecosystem? Babypie allows users to deposit their native BTC to mint mBTC. Through mBTC, BTC holders can stake their assets in a completely permissionless way via the Babylon staking protocol. Essentially, users can utilize the Babypie platform to stake their mBTC as smBTC, whose value increases in relation to the price of BTC. This value increase in smBTC is derived from BTC staking rewards on Babylon. ## 10. What are Babypie Jewels By depositing BTC in Babypie's BTC Treasure Quest, users can earn Babypie Jewels for future rewards, including BBP Airdrop and BBP IDO quota. BTC depositors and stakers on Babypie receive 100 Jewels at the end of each hour for every BTC deposited. ## 11. What is Babypie's BTC Treasure Quest Babypie's Treasure Quest is an opportunity for users to deposit their BTC and earn Babypie Jewels, which can be redeemed for future rewards. In this Treasure Quest, BTC stakers on Babypie will receive 100 Jewels at the end of each hour for every BTC deposited, allowing them to accumulate Jewels over time. # CCIP Bridge Babypie has integrated advanced Chainlink CCIP technology.

Bridge Here

## Chainlink CCIP Chainlink CCIP (Cross-Chain Interoperability Protocol) is a decentralized protocol that facilitates secure, cross-chain communication between blockchain networks. It enables assets, data, and commands to move seamlessly across chains, providing interoperability for decentralized applications and supporting a unified Web3 ecosystem. ## What does this mean for Babypie's mBTC? Chainlink CCIP enables seamless [cross-chain transfers of mBTC](https://www.babylon.magpiexyz.io/bridge) across Ethereum, Arbitrum, and BNB Chain, giving users the flexibility to utilize mBTC on their chosen network.