Osmosis DAO has unanimously approved a proposal for a zero-fee Bitcoin bridge to the Cosmos ecosystem via Nomic. The initiative, backed by 92% of DAO members, aims to eliminate bridging and transfer fees for nBTC transactions. This move aligns Nomic's protocol revenue with the usage of its Bitcoin bridge, setting a new precedent in bridge business models. The upgrade is expected to allow users to engage in DeFi activities like lending, borrowing, and staking using their Bitcoin holdings on Osmosis. Osmosis co-founder Sunny Agarwal sees this as a significant milestone in DAO-to-DAO deals, offering a unique 'rev share' business model for bridges. The development follows a surge in trading volume on Osmosis, attributed to new features and incentives. The crypto community has lauded Standard Chartered's institutional crypto adoption, emphasizing the importance of securely storing seed phrases. Matej Zak highlights Trezor's commitment to transparency and user-centric design in open-source innovation. Read more AI-generated news on: https://app.chaingpt.org/news
