Osmosis DAO approves fee-free Bitcoin bridge for Cosmos ecosystem

#Osmosis has approved the adoption of a fee-free #Bitcoin bridge to facilitate seamless integration of $BTC into the #Cosmos ecosystem. This move follows a successful vote where 95% of the Osmosis DAO community favored the proposal.

The implementation will be made possible through a revenue-sharing agreement with Nomic, the provider of the Bitcoin bridge. Bridges like this enhance blockchain interoperability, allowing users to transfer crypto assets between different systems without friction. The agreement aims to align Nomic's protocol revenue with the usage of its bridged #BTC , addressing previous challenges related to revenue generation from deposits and withdrawals.