By a nearly unanimous vote, the Osmosis DAO community is expected to approve a proposal that would make it less expensive for users to move Bitcoin into the Osmosis ecosystem. The proposal would eliminate the fees associated with using Nomic, a decentralized bridging protocol that allows users to convert their Bitcoin into nBTC, a Bitcoin-backed asset that can be used on the Osmosis platform. Currently, users pay a 1% deposit fee and a 0.5% transfer fee to use Nomic.

If the proposal passes, Nomic will still receive a portion of the fees generated by nBTC transactions, but the cost savings will be passed on to users. This change is expected to increase the liquidity of Bitcoin on the Osmosis platform, which will make it easier for users to buy and sell Bitcoin-backed assets.

The Osmosis DAO community governs the Osmosis platform, a decentralized exchange that allows users to trade different types of cryptocurrency. The community has been looking for ways to make it easier for users to move Bitcoin into the Osmosis ecosystem, and the proposal to eliminate bridge fees is seen as a major step forward.

The proposed change is seen as a win-win for both users and Nomic. Users will save money on transaction fees, and Nomic will still generate revenue from the fees associated with nBTC transactions. The change is also expected to increase the liquidity of Bitcoin on the Osmosis platform, which will make it easier for users to buy and sell Bitcoin-backed assets.

The vote on the proposal is expected to be finalized soon, and the change is expected to go into effect shortly thereafter. The Osmosis DAO community is made up of users and stakeholders who govern the Osmosis platform and make decisions about its future direction. The community has been actively engaged in discussions about how to make the platform more user-friendly and increase the liquidity of different types of cryptocurrency.