Ctrl Wallet Announces Major Liquidity Initiative, Committing 32% of $XDEFI Tokens to Uniswap Pools for 12 Months

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 substantial liquidity initiative involving its native $XDEFI utility token. This move aligns with the wallet’s long-term vision and introduces key updates to its tokenomics.

As part of the initiative, Ctrl’s largest token-holders will commit to providing 12-months of liquidity. They will deposit 32% of the total $XDEFI supply — roughly 50% of the currently circulating supply — into AMM liquidity pools on Uniswap. This move will significantly enhance liquidity and reduce potential sell pressure.

Among these large holders are Ctrl Wallet’s earliest investors, including Delphi Digital, Mechanism Capital and Morningstar Ventures, along with its two co-founders and the company’s treasury. Collectively, these investors will deposit a total of 76.9 million $XDEFI into the pools, which will remain locked until September 2025.

“This initiative showcases the immense faith we have in Ctrl’s potential,” said Emile Dubié, CEO of Ctrl Wallet. “By committing such a substantial 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 will feature milestone-based withdrawal options after the initial six-month period. Specifically, a quarter of the tokens can be withdrawn when $XDEFI reaches a US$100M fully diluted valuation (FDV), with another quarter released at US$200M FDV, a quarter at US$300M FDV, and the final quarter when $XDEFI reaches US$500M FDV.

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

This commitment comes ahead of Ctrl Wallet’s planned migration from $XDEFI to $CTRL over the coming weeks. This rebranding effort will also introduce a shift to a buy-and-burn model, where 75% of all revenue generated in Ctrl Wallet will be used to purchase $CTRL tokens on the open market, which will then be burned.

Additionally, Ctrl will be introducing new revenue-generating features, such as in-wallet quests, a launchpad, and expanded Gas Tank functionality. These additions are expected to drive increased usage and revenue, which will directly benefit $CTRL token-holders through the buy-and-burn mechanism.

In recent months, Ctrl Wallet has achieved significant traction, reaching 400k WAU, marking a 2x increase within the most recent quarter.

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