Leading self-custody crypto wallet Ctrl Wallet has made updates to its liquidity model and its XDEFI token. The updates come in preparation for a transition from XDEFI to CTRL tokens. Key stakeholders and major investors, including Delphi Digital, Mechanism Capital, and Morningstar Ventures, have collectively deposited 32% of the total XDEFI supply into Uniswap's liquidity pools until September 2025. Withdrawals from these pools will be allowed at specific milestones. Ctrl Wallet is also offering a 10% annual yield on deposited tokens to reward liquidity providers. Additionally, the wallet is introducing a buy-and-burn model, where 75% of the company's revenue will be used to purchase and burn CTRL tokens. Ctrl Wallet has 400,000 weekly active users and is working on new revenue-generating features to drive growth and provide value to token holders.
- Content Editor ( finbold.com )
- 2024-09-10
Ctrl Wallet makes new liquidity moves and announces XDEFI token updates