Ctrl Wallet announces a new liquidity initiative and key updates to its $XDEFI token, highlighting the strong commitment of major stakeholders and future plans for tokenomics.
Ctrl Wallet, a prominent self-custody crypto wallet supporting over 2,100 blockchains, has launched a new liquidity initiative involving its $XDEFI utility token. This initiative reflects the long-term commitment of the wallet’s key stakeholders and introduces important changes to its tokenomics.
Key $XDEFI token holders, including Ctrl Wallet’s largest investors such as Delphi Digital, Mechanism Capital, Morningstar Ventures, the two co-founders, and the company’s treasury, have agreed to a 12-month liquidity provision. This involves depositing 32% of the total $XDEFI supply—equivalent to 50% of the current circulating supply—into AMM liquidity pools on Uniswap. This year-long commitment aims to enhance liquidity and stabilize the market by reducing potential sell pressure.
In total, these stakeholders will deposit 76.9 million $XDEFI tokens, both liquid and circulating, into the pools until September 2025.
“This initiative demonstrates the unwavering belief we have in Ctrl’s potential,” said Emile Dubié, CEO of Ctrl Wallet. “By committing such a significant portion of tokens to liquidity provision, we are not only supporting the token’s stability but also laying the groundwork for future growth.”
The liquidity commitment includes milestone-based withdrawal options starting after an initial six-month period. Withdrawals are allowed in quarters based on $XDEFI’s fully diluted valuation (FDV): the first quarter at US$100M FDV, the next at US$200M, another at US$300M, and the final quarter when $XDEFI reaches US$500M FDV.
To encourage stakeholders to maintain liquidity as these milestones are reached, contributors (excluding the project treasury) will earn a 10% annual percentage yield (APY) on their deposited tokens.
This liquidity commitment comes ahead of Ctrl Wallet’s upcoming migration from $XDEFI to $CTRL in the coming weeks. As part of this rebranding, the platform will adopt a buy-and-burn model, with 75% of all revenue generated by Ctrl Wallet used to buy $CTRL tokens on the open market for burning.
Ctrl Wallet is also rolling out new features that are expected to drive platform usage and revenue. These include in-wallet quests, a launchpad, and enhanced Gas Tank functionality. The new features are designed to benefit $CTRL token holders directly through the buy-and-burn mechanism.
Ctrl Wallet has recently seen significant growth, reaching 400,000 weekly active users (WAU), doubling its user base in the most recent quarter.
For more information, visit Ctrl Wallet’s official website.
About Ctrl Wallet
Ctrl Wallet is a self-custody Web3 wallet designed to support more blockchains, cryptocurrencies, and NFTs than any other wallet on the market. Built to empower DeFi users of all levels, Ctrl Wallet combines advanced security features with an intuitive and user-friendly interface, providing a seamless multi-chain experience that meets the needs of both new and experienced users.
