- The revenue-sharing agreement may address the shortcomings of blockchain bridges, in which the parties need to earn revenue directly 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 activities.
According to an email announcement received by CoinDesk on Friday, a crucial aspect of the process involves a revenue-sharing contract with Bitcoin bridge Nomic. Essentially, Nomic acts as a connection between different blockchains, enabling users to transfer cryptocurrency assets seamlessly from one platform to another.
As a crypto investor, I understand the frustration of having to jump through hoops to move my Bitcoin between different platforms for DeFi activities. To make this process smoother, one solution could be the implementation of more user-friendly and seamless bridging mechanisms. By doing so, we can reduce the friction and complexities often associated with transferring assets across various ecosystems. This way, investors like myself can easily participate in DeFi opportunities without being hindered by technical complications.
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2024-06-21 16:14