Ctrl Wallet Unveils Significant Liquidity Moves and XDEFI Token Updates in the Crypto Space

Ctrl Wallet's New Liquidity Model

Ctrl Wallet, a leading self-custody crypto wallet with access to over 2,100 blockchains, has introduced a series of updates to its liquidity model and XDEFI token, as revealed on Tuesday, September 10. The new updates come as Ctrl prepares for a transition from XDEFI to CTRL tokens.

The Ctrl community deserves a token as strong as our wallet. Therefore, we revamped the tokenomics. Together, investors such as Mechanism Capital, Delphi Digital, and Morningstar Ventures along with the founders and treasury, have reiterated long-term alignment with Ctrl and committed 32% of $XDEFI (soon $CTRL) supply to a liquidity pool.

XDEFI Token Updates

Ctrl Wallet's key stakeholders—and major investors—have collectively deposited 32% of the total XDEFI supply into Uniswap's liquidity pools. A total of 76.9 million XDEFI tokens will be locked into these pools until September 2025, with milestones allowing for partial withdrawals.

After the first six months, 25% can be withdrawn when the token reaches a fully diluted valuation (FDV) of $100 million, with additional withdrawals at $200M, $300M, and $500M FDV. Emile Dubié, CEO of Ctrl Wallet, characterized the liquidity initiative as groundwork for future growth. He stated, “This initiative demonstrates the unwavering belief we have in Ctrl’s potential. By committing such a significant portion of tokens to liquidity provision, we are supporting the token's stability while laying the groundwork for future growth.

Rewarding Liquidity Providers on Ctrl Network

To reward liquidity providers, Ctrl is offering a 10% annual yield on deposited tokens, excluding the project’s treasury contributions, aligning investor interests with growth objectives. This token rebranding will introduce a buy-and-burn model where 75% of Ctrl Wallet’s revenue will drive up the value of CTRL tokens.

In addition to these updates, Ctrl Wallet is rolling out enhancements such as in-app quests, a launchpad, and an improved Gas Tank function. With 400,000 weekly active users and increasing engagement, Ctrl Wallet is actively pushing growth and value for token holders.