DAO
Revolutionizing Revenue Models: Nomic and Osmosis Partner to Waive BTC Bridging Fees
Thursday. July 11 at 5:30 AM
1 min. readNomic and Osmosis have joined forces in a groundbreaking DAO-to-DAO collaboration by eliminating BTC bridging fees. With overwhelming approval from a DAO vote, Nomic, a provider of a decentralized Bitcoin bridge to IBC-enabled chains like Osmosis, aims to boost Bitcoin liquidity on the Osmosis platform. This initiative involves waiving Bitcoin bridging fees for transactions starting or ending on Osmosis, with Nomic receiving a portion of taker fees from trading nBTC or its derivatives on Osmosis. Sunny Aggarwal, Osmosis co-founder, lauded the proposal for its potential to transform revenue models for crypto bridges. This partnership aligns the interests of both platforms, focusing on maximizing BTC trading volume on Osmosis while ensuring profitability for bridging partners and reducing user fees. The agreement, seen as a model for future DAO collaborations, signifies a significant milestone in the crypto space.