According to Foresight News, Bitcoin sidechain developer Nomic has partnered with Bitcoin collateral and timestamp protocol Babylon to launch a Bitcoin liquidity collateral token, stBTC. Users can pledge Bitcoin to Nomic through Babylon to obtain NOM and nBTC. These can then be used on Osmosis, Cosmos Hub, and other DeFi protocols. In addition to this, the Nomic team plans to conduct a round of financing later this year. This collaboration aims to enhance the functionality and usability of Bitcoin in the DeFi space, providing users with more options for leveraging their Bitcoin holdings.