Skyline recently announced cAP3X as the Cardano blockchain’s first native token. This token will serve to enhance cross-chain interoperability between Cardano and Apex Fusion ecosystems. The cAP3X token serves as a wrapped utility token that helps to flow value and engagement across multiple blockchain networks. This partnership is one of the first steps toward linking Cardano’s growing decentralized finance (DeFi) industry to other blockchain platforms.
Plus, the cAP3X token is 100% compatible with all Cardano wallets and DeFi protocols, providing seamless integration within the Cardano ecosystem. That’s because it connects users to the Apex Fusion ecosystem. With the Skyline Bridge, it is now extremely simple for them to get their tokens onto PRIME Chain. PRIME Chain THE UTXO LAYER 1 of APEX FUSION PRIME CHAIN is maintained by a decentralized network of validators. It uses the Ouroboros proof-of-stake consensus protocol, which makes it more secure as it scales.
Skyline Bridge serves as the major entry point, bridging between different web3 networks and enabling the development and accelerated expansion of various exciting decentralized ecosystems. Once bridged to PRIME Chain, the cAP3X token will be exchanged for the native AP3X token. If you have AP3X on PRIME, you can participate in the Apex staking pools. In participating, you can potentially receive up to 10% APY rewards from the liquid staking protocols that are currently live on the PRIME network.
This advancement has created thrilling new possibilities for Cardano users. Now they’re able to get active within the Apex Fusion ecosystem and start enjoying the benefits of its excellent staking rewards! Look for cAP3X to increase activity and liquidity on the Cardano network. Beyond that, it’ll improve the overall performance of the Apex Fusion network.
