Ctrl Wallet investor, founder and treasury commitment : https://ctrl.xyz/treasurycomm/
The largest $XDEFI holders have come together to deposit 32% of the total $XDEFI supply into AMM liquidity pools (i.e. Uniswap) for an expected period of 12 months.
The largest three investors, the two co-founders and the company’s treasury will lock a total of 76.9m $XDEFI tokens into liquidity pools. These commitments involve participants depositing their existing liquid and circulating $XDEFI tokens.
Liquidity Pool Deposit Plan for $XDEFI
Key Participants
Three Largest Investors
Co-Founders
Company Treasury
Total Contribution
76.9 million $XDEFI tokens (32% of total supply and at the time of writing, 50% of current circulating supply)
Duration: Until September 2025, with withdrawal options based on milestones after 6 months.
Key Benefits to the Community and $XDEFI holders
Alignment with Investors
Largest holders are committed to the long-term success of the project.
Reduces potential sell pressure from large holders.
Increased Liquidity
Significantly deepen liquidity in the pools.
Circulating Supply Increase
Circulating supply will increase to approximately 70%, primarily due to the transfer of treasury tokens to liquidity pools.
Deposit Structure
Total Tokens Deposited: 76.9 million $XDEFI tokens.
Percentage of Total Supply: 32%.
Vesting: Participants will proactively commit the majority of their liquid tokens into the pools.
Fee Utilisation: 100% of the LP fees will be used to purchase $XDEFI tokens on the open market and burn them, reducing the overall supply.
Liquidity Management: The tokens will be transferred to the company’s multisig wallet, and the liquidity provision will be managed by the team throughout the period.
Withdrawal Conditions
After 6 Months
25% of liquidity can be withdrawn when $XDEFI reaches a $100M FDV.
25% can be withdrawn at a $200M FDV.
25% can be withdrawn at a $300M FDV.
Final 25% can be withdrawn when $XDEFI reaches a $500M FDV.
Note contributors (excluding the project treasury) will receive a 10% APY on their deposited tokens to incentivise maintaining liquidity when milestones are met.
After September 2025
All tokens can be withdrawn irrespective of FDV.
A reassessment with investors will take place to potentially expand the structure.
Tokens from the treasury will remain in the pools.
$XDEFI to $CTRL Migration
In September we plan to migrate the token ticker from $XDEFI to $CTRL.
This is important so that new $CTRL users are able to easily find the token.
In addition, we will change the model to buy-and-burn. 75% of all revenue generated in Ctrl Wallet will be used to buy $CTRL on the open market (i.e. in Uniswap), and all purchased tokens will be burned.
As we build out Ctrl Wallet, we will be adding new revenue generating features including in-wallet quests, a launchpad, and expanded Gas Tank functionality.
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This is the first step in our overall migration from the $XDEFI token to the $CTRL token. We will share more details about the token migration in a separate post.
We are truly grateful for the support of Mechanism Capital, Morningstar Ventures, Delphi Digital and the individual investors who offered to contribute.