Osmosis voted to reach an agreement with Nomic to use a free Bitcoin bridge to allow Bitcoin to enter the Cosmos ecosystem. The key to achieving this process is to reach a revenue sharing agreement with Bitcoin bridge Nomic. The announcement stated that the proposed agreement will align Nomic's protocol revenue with the usage of its bridged BTC, and its goal is to eliminate some of the friction that users may have previously encountered when using their Bitcoin holdings for DeFi activities with other ecosystems.
With less than 24 hours left to vote, 95% of the Osmosis DAO community has approved the deal. (CoinDesk)