🚀DAO Osmosis is adopting a fee-free Bitcoin bridge to allow BTC to move into the Cosmos ecosystem, aiming to ease the friction users face when bridging their BTC holdings for DeFi activities.💼
This move is part of a revenue-sharing agreement with Bitcoin bridge Nomic, which aims to align Nomic's protocol revenue with usage of its bridged BTC. This could be a game-changer for blockchain bridges, addressing the issue of how parties earn revenue from deposits and withdrawals.🔗
95% of votes from the Osmosis DAO community were in favor of the deal, showing strong support. Nomic's bridge is part of a trend of developers leveraging the value tied up in BTC to bring liquidity to the broader digital asset industry.💪
What do you think about this move? Share your thoughts below!👇 #Blockchain #Bitcoin #DeFi