Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

Decentralized autonomous organization (DAO) Osmosis voted to adopt a fee-free Bitcoin bridge to allow bitcoin (BTC) to move into the Cosmos ecosystem. A bridge is a way of improving interoperability of blockchains by allowing users to move crypto assets from one system to another. The revenue-sharing deal may address the one of shortcomings of bridges: how the different parties earn revenue from deposits and withdrawals. The goal is to remove some of the friction users may previously have experienced when bridging their bitcoin holdings to other ecosystems for decentralized finance-related (DeFi) activities.

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