The Arbitrum-based derivatives platform has a new protocol to make its financial pipes more efficient.
The Binance listing did not contribute to a continuation in price action.
The token is down by 83% since it launched in January.
APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
A WLFI spokesperson claims that the project hasn't sold any of its holdings.
With the investment led by Fulgur Ventures and Framework, the firm plans to scale its bitcoin-denominated life insurance and annuity products designed to combat inflation risk.
Users fled the DEX and TVL has dropped to $150 million from $540 million in the past month.
The Swiss company's former CFO was based in London, and joined the crypto trading firm last September.
Umoja achieves the yield through covered calls and arbitrage.
The trader also sold during major market dips in 2022 and 2023.