NFID Wallet has wasted no time in making itself heard across the Internet Computer (ICP) ecosystem. With users at the helm and a crystal-clear focus on growing the on-chain experience, it has quickly outpaced others in the space. Now, it is asking its community to push things even further. The latest proposal, NFID Wallet DAO Proposal #21, is seeking 42,500 ICP from its treasury to support critical work during the second quarter of 2025, aiming to make the wallet even more essential to users and the broader ICP environment.
The request isn’t just about raising funds. It is a statement of intent to solidify NFID Wallet’s position as the first truly user-owned wallet that actively decentralises its own infrastructure. By pushing ownership, governance, and value creation further into the hands of its users, the DAO aims to strengthen its independence from founding teams and centralised entities.
Since its launch, NFID Wallet has shown what is possible when a product’s future rests with its community. Swap volumes have grown over 100% month-on-month, with March recording an impressive $236,000. In just four and a half months, it has already passed the $500,000 mark in total volume. These figures are not just statistics; they are the early signs of an ecosystem finding its feet and beginning to sprint.
The proposal focuses on three key areas: unlocking in-wallet Bitcoin conversions, simplifying and decentralising staking, and fostering an independent developer economy around validator services. Each initiative has been chosen with a clear goal in mind—to increase the wallet’s utility, expand its revenue base, and ensure governance power remains distributed among everyday users.
Bitcoin plays a central role in the next phase of growth. While projects like Odin GodOfRunes have demonstrated that ICP can attract external capital, moving Bitcoin into the ecosystem has remained awkward and inefficient. NFID Wallet plans to change that. With native support for BTC to ckBTC conversions built directly into the wallet, users will be able to deposit Bitcoin and swap it seamlessly. This not only improves the user experience but also channels fresh capital into ICP and generates sustainable swap fees that flow straight back to the DAO.
The team’s ambitions for staking are no less bold. At present, staking ICP or SNS tokens is a clunky process, heavily dependent on Internet Identity and not particularly friendly to newcomers. NFID Wallet plans to fix this by allowing users to stake directly from within the app, offering a much simpler experience. On top of that, the wallet will enable delegation and voting through alternative frontends, giving users real freedom over how they engage with governance.
One of the most striking aspects of the proposal is its stance on decentralisation. When users stake through NFID Wallet, their stakes will not be auto-routed to DFINITY or project developer teams. Instead, staking routes will prioritise genuine decentralisation, meaning governance influence remains broadly spread among users rather than concentrated among a few entities. This may seem like a small technical point, but it strikes at the heart of NFID Wallet’s philosophy: the future of ICP should belong to its participants, not its founders.
Perhaps most exciting for developers is the plan to create a services marketplace for validators. By simplifying the staking process and opening it up to third-party services, NFID Wallet aims to seed an entirely new segment of the ICP economy. Developers will be able to offer staking and validator services to users, unlocking new business models and giving stakeholders more options for how they manage their assets. It is a smart move that recognises that a vibrant ecosystem cannot survive on users alone—it needs builders too.
The proposal sets out some clear targets for the end of the second quarter. Swap volume is expected to hit $350,000 per month, almost a 50% jump from current levels. BTC to ckBTC support should be live inside the wallet. The new, simplified staking flow should be fully integrated. And the first independent developers should have begun building services for long-term stakeholders holding 8-year non-dissolving stakes.
At its core, the plan represents a doubling down on the values that have brought NFID Wallet to this point: user ownership, seamless functionality, and true decentralisation. By investing in these areas, the DAO hopes to accelerate its momentum and create a lasting advantage in a crowded field of Web3 wallets.
The bigger picture here is hard to ignore. While many Web3 wallets talk about user control, few have genuinely handed over both the product and the revenue streams to a decentralised community. NFID Wallet’s approach offers a glimpse of what a truly decentralised financial tool might look like. It is not built on promises or future roadmaps; it is happening now, with users driving decisions through DAO proposals and directly benefitting from the wallet’s success.
That sense of ownership has already started to pay off. Users are not passive consumers; they are active participants whose incentives are aligned with the platform’s health. Every new swap, every Bitcoin deposit, every staking transaction contributes to a feedback loop where success breeds more success. The more users engage, the stronger the wallet becomes—and the stronger the DAO’s treasury grows in return.
The emphasis on decentralisation is not just a technical concern either. In a digital environment where centralised platforms often wield outsized power over users’ assets and decisions, NFID Wallet offers a fresh alternative. By giving users genuine control over staking routes, validator selection, and governance participation, it challenges the norms that have crept into too many parts of the crypto world.
If the proposal is approved and the targets met, NFID Wallet will have taken another significant step towards reshaping the experience of managing assets on the Internet Computer. Users will be able to move Bitcoin into the ecosystem easily, stake their assets with minimal friction, participate in governance through new frontends, and even choose services from independent developers. It is an ambitious vision, but one rooted firmly in the steady progress the wallet has already made.
