Skyline Launches cAP3X Token on Cardano for Cross-Chain Interoperability

Skyline, a leading developer of interoperable blockchain solutions, has announced the deployment of cAP3X, a wrapped version of the AP3X token, on the Cardano blockchain. This initiative, undertaken in collaboration with the Apex Fusion Foundation, aims to expand access to the Apex Fusion ecosystem by facilitating cross-chain interoperability between Cardano and Apex Fusion networks. The cAP3X token will operate as a wrapped utility token, enabling value flow and cross-chain engagement between the two ecosystems. Fully compatible with Cardano wallets and DeFi protocols, cAP3X will be deeply integrated into the network’s thriving decentralized finance sector. An ADA/cAP3X trading pair will be established to provide initial liquidity and support coordination with Cardano-based decentralized exchanges (DEXs).

Following the deployment of the wrapped token in July, users will be able to transfer cAP3X from Cardano to PRIME Chain, the UTXO Layer 1 of the Apex Fusion ecosystem, via the Skyline Bridge. This bridge enables the secure transfer of tokens and assets between blockchain ecosystems. Once bridged to PRIME, cAP3X will be converted into native AP3X, which can be used across various Apex Fusion protocols. The AP3X token on PRIME can be staked in Apex staking pools, where users can earn up to 10% APY rewards via liquid staking mechanisms already live on the network.

The initiative is part of a broader strategy to enhance access to utility tokens and enable interoperable DeFi applications between Cardano and Apex Fusion. The wrapped token structure provides a simple and transparent on-ramp for ADA holders to engage with the Apex Fusion network while also introducing AP3X as a viable utility asset within the Cardano ecosystem. PRIME Chain, which combines Bitcoin’s UTXO security model with Ethereum’s smart contract programmability, provides a foundation for supporting cross-chain applications. It has been designed to address growing web3 fragmentation by integrating existing blockchain networks. Operating as a Layer 1 network, PRIME Chain leverages the Ouroboros consensus mechanism for secure and decentralized staking.

Following the deployment of the cAP3X token and liquidity provisioning, bridge activation and staking will be made available on PRIME. This will enable users to participate in liquid staking and other DeFi activities on Apex Fusion’s fully interoperable Layer 1, PRIME. Prior to the wrapped token’s launch, full technical documentation and integration guides will be released for the benefit of developers and users alike. Skyline is a leading developer of interoperable blockchain solutions, including the Skyline Bridge, which links the UTXO and EVM worlds. This connects assets, applications, and communities across multiple blockchains, unlocking new possibilities for cross-chain innovation. Skyline Bridge forms the gateway to a growing range of decentralized ecosystems, bringing web3 networks closer together. Apex Fusion interconnects isolated UTXO and account-based networks through cutting-edge technology to unlock blockchain’s full potential by enabling effortless asset transfer, development, and growth across diverse yet unified protocols. At the core of Apex Fusion’s ecosystem lies PRIME Chain, maintained by a decentralized network of validators employing the Ouroboros proof-of-stake consensus protocol, renowned for becoming more secure as it scales.