Umoja, a smart money protocol, has recently announced the closure of a $2 million extension to its seed funding round, totaling $4 million in funds raised.
The company plans to employ these funds to make digital investment strategies more accessible to retail investors.
Through its protocol, Umoja offers the ability for tokens to autonomously trade, shield against market fluctuations, and improve yields.
This is achieved by utilising "Synths" within the Umoja decentralised application, allowing users to craft financial tools such as delta-neutral stablecoins and hedged Ether contracts.
These instruments aim to mitigate investment risks while optimising returns, signaling a significant step towards democratising wealth creation in the blockchain space.