> For the complete documentation index, see [llms.txt](https://docs.magpiexyz.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.magpiexyz.io/the-magpie-ecosystem.md).

# The Magpie Ecosystem

<figure><img src="/files/rILKJKZsKirK699LAlxp" alt=""><figcaption></figcaption></figure>

## veTokenomics&#x20;

One of the main purposes of Magpie is to blackhole governance tokens from top-tier platforms across the DeFi landscape. By supporting veTOKEN-based protocols, we are able to effectively encourage the long-term development of various projects through our SubDAO Model while generating real yield rewards for each SubDAO and for the Mega DAO as a whole.

## Liquid Restaking

Magpie also focuses on providing Liquid Restaking services. This aspect of our ecosystem supports the long-term sustainability of various networks in the cryptocurrency landscape, opening up new possibilities and opportunities through shared security implementations. With this approach, Magpie maximizes rewards and participation for users within DeFi.

## Liquid Staking

To enhance user activity and promote long-term growth within the Bitcoin blockchain, Magpie is developing Babypie. Babypie is a SubDAO designed to provide Liquid Staking services for native BTC tokens using Babylon's infrastructure. This approach creates new value generation opportunities for Bitcoin token holders and new rewards streams for the Magpie ecosystem and its users.


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