Ctrl Wallet Commits $77M of XDEFI Tokens to Liquidity Provision, Ahead of Migration to $CTRL Token

Ctrl Wallet, a leading self-custody crypto wallet providing access to over 2,100 blockchains, has announced a significant liquidity initiative involving its $XDEFI utility token.

Major stakeholders in Ctrl Wallet, a self-custody crypto wallet, have announced a liquidity initiative for the wallet's $XDEFI utility token.

The move, underscoring the long-term commitment of the wallet’s largest token-holders, introduces important updates to its tokenomics.

Ctrl’s largest token-holders have agreed to a 12-month liquidity provision, depositing 32% of total $XDEFI – 50% of current circulating supply – into AMM liquidity pools on Uniswap. The year-long commitment will deepen liquidity and reduce potential sell pressure.

Those holders, including Ctrl Wallet's largest investors (Delphi Digital, Mechanism Capital, Morningstar Ventures) and its two co-founders, will deposit a total of 76.9 million $XDEFI into the pools until September 2025. This includes both liquid and circulating $XDEFI tokens.

“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liquidity provision comes with milestone-based withdrawal options after the initial six-month period: a quarter can be withdrawn when $XDEFI reaches a $100 million fully diluted valuation (FDV), with another quarter released at $200 million FDV, a quarter at $300 million FDV, and the final quarter when $XDEFI reaches $500 million FDV.

To incentivize maintaining liquidity even as milestones are met, contributors – excluding the project treasury – will receive a 10% APY on their deposited tokens.

The commitment has been made ahead of Ctrl Wallet's planned migration from $XDEFI to $CTRL over the coming weeks. This rebranding effort will be accompanied by a shift to a buy-and-burn model, with 75% of all revenue generated in Ctrl Wallet used to purchase $CTRL tokens on the open market, which will then be burned.

New revenue-generating features will also be added to Ctrl, including in-wallet quests, a launchpad, and expanded Gas Tank functionality. Such additions are expected to drive increased usage and revenue, directly benefiting $CTRL token-holders through the buy-and-burn mechanism.

Recent traction has seen Ctrl Wallet achieve 400k WAU, a 2x increase within the most recent quarter.

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