New staked APEX token offers up to 10% APY while advancing Cardano’s move toward multi-chain interoperability.
Despite the current slowdown in the crypto market, Cardano’s decentralized finance (DeFi) ecosystem is taking another step toward a multi-chain future.
VyFinance, one of the network’s most comprehensive DeFi protocols, has unveiled cstAPEX, a staked version of the APEX token offering up to 10% annual yield (APY) and replicating the returns available from staking APEX on Prime.
The new token represents a significant milestone for Cardano’s DeFi sector, which has been steadily working to extend its reach beyond the network’s native UTxO-based infrastructure.
A Staked Token Designed for Cross-Chain Expansion
Built entirely on Cardano, cstAPEX aims to bridge the gap between Cardano and EVM-compatible chains through the Apex Fusion platform, designed to connect different blockchain architectures into a unified Web3 framework.
According to VyFinance, cstAPEX is both yield-bearing and cross-chain ready, offering holders passive rewards while positioning the asset for future integration into Ethereum Virtual Machine (EVM) networks.
This design makes cstAPEX a composable DeFi instrument capable of carrying Cardano-native yield into broader DeFi markets.
“Together, we’re creating a pathway for Cardano-native liquidity to flow across global DeFi, from UTxO-based execution to the broader EVM landscape,” said Christopher Greenwood, CEO of the Apex Fusion Foundation.
VyFinance CEO Steven underscored the project’s long-term vision, emphasizing that interoperability will be central to Cardano’s next growth phase.
“Cardano’s DeFi protocols have built strong fundamentals — stability, security, and yield,” he said. “cstAPEX takes those strengths to the next level. It’s about turbocharging Cardano’s DeFi and preparing it for global, multi-chain participation.”
Cardano native APEX token, which underpins Apex Fusion’s internal economy, currently holds nearly $1 million in liquidity on VyFinance, with pools yielding around 35% APR.
The launch underscores a broader trend in decentralized finance, as Cardano projects increasingly move to connect with Ethereum-compatible ecosystems.
Why This Matters
The push toward interoperability signals how blockchain networks are adapting to a more integrated, cross-chain market where collaboration, rather than isolation, increasingly defines competitiveness.
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