@Emma_Warry@JefferyCrypt Conviction is a ratio the protocol measures for you- how much you claim vs how much you stake. As you mine, your miner level increases, allowing you to put more of that conviction to use in the form of deployment weight (mining power), so yes!
Most Solana mining protocols are the same game with different branding. I've been going through the category for weeks and they blur together fast. But one didn't, and it came down to a single mechanic I haven't seen anywhere else.
The protocol is called $JADE, and it's pushing the store-of-value thesis on Solana into new territory.
The mining loop itself is familiar. One minute rounds running 24/7, a 5x5 grid, you deploy SOL onto squares, on-chain VRF picks a winner. Most miners cover the full grid so they reliably land on the winning square, get most of their SOL back, and walk away with freshly minted $JADE. A small cost of production, not a coin flip.
But here's the part that actually caught me. JADE doesn't just hope people hold. It measures whether they do.
Your mining power scales with a ratio the protocol calls conviction, which is how much JADE you've staked versus how much you've claimed. Stake what you mine and your deploys hit harder every round. Sell, and you literally turn your own dial down. Think about what that means.
Every other mining protocol runs an extractive loop, you farm, you dump, you leave, and the protocol just watches it happen. JADE runs a reinforcing loop. The longer you stay and the more you commit, the stronger your position gets. Selling doesn't just reduce your bag, it weakens your ability to earn going forward.
If the SOV thesis is really a question about whether people will actually hold, this is the first design I've seen that builds the answer into the code instead of hoping for it.
The tokenomics reinforce it.
21 million hard cap. Every token mined. No pre-mine, no team allocation, no airdrop. All verifiable on-chain.
Emissions follow a quadratic decay curve, so every round mints less than the last and new supply slows as it approaches the cap. Meanwhile the buyback engine runs the other direction.
Each round vaults SOL, buys JADE on Jupiter via TWAP, burns 90% and pays 10% to stakers. Less minted on one side, more burned on the other. Supply tightening from both ends.
Then there's the Deep Vein. A SOL pot that grows every round, currently sitting at around 35 SOL. When it triggers at 1 in 10,000 odds per round, 99% of the pot goes to stakers in SOL.
If you're already staked for conviction you're in it every round at zero extra cost. Tail upside, not a plan. But a nice bonus for doing what you'd already be doing.
Deploy volume is still low right now, and maybe that's cos of where the broader market is at. But I'd rather see that than inflated numbers. Similar projects have been exposed for propping up their own activity. This is real community mining. Grassroots and early.
It's beta and unaudited so treat it like the experiment it is and size accordingly. But for something this young it's already generating real protocol revenue, and the market cap is small relative to what's happening underneath. Don't take my word for it, pull it up on DefiLlama.
Run one session and you'll see how conviction changes your output. That's the part you can't understand from reading alone. 60 seconds to start.
https://t.co/HefG3bz9cj
When JADE miners chase a big motherlode like the one that just hit, it turns up the velocity on the entire protocol.
Not only do buybacks increase, but so does the rate at which the Deep Vein pot accumulates SOL for that eventual big staker reward.
Will be interesting to see what that does for the staking apy when it finally hits.
https://t.co/YsRG5Fa5Vv
The SoV category on Solana is small and the capital pool overlaps heavily. Some projects will respond by attacking each other, while others will respond by deepening the experiment.
We're betting the second strategy ages better.
Prediction:
The solana native store of values market is going to be a street fight in the coming months
Because the interested capital pool is relatively small and incestuous
I think it goes without saying that a near-term goal of any dApp or on-chain protocol should be full immutability. Otherwise, what's the point?
Congrats to ORE for crossing this threshold, and I must say that while JADE is still very young, it isn't far behind in this regard.
All in due time.
Freezing the mint and stake programs has ramifications far beyond the $ORE community.
It sets the standard for rest of Solana.
Immutable, open source and battle hardened programs will pave the way for the next super dApps.
It's good to have good devs, JADE has two.
@Crypt0Gnome is responsible for all the smart-contract work that's been delivered with the protocol. He's a master at taking fresh ideas and making them real on-chain.
Check out this breakdown on JADE from the man himself:
Prompt:
Generate an ORIGINAL Pokémon-style creature inspired by the image I provided.
- Extract the dominant color palette, core shape, and personality from the source.
- If it's a logo, weave its central symbol or silhouette into the creature's anatomy (body shape, markings, ears, tail, crest).
- If it's a character/PFP, translate its mood and features into a creature form.
- Render in classic Ken Sugimori official Pokémon artwork style: clean black lineart, soft cel-shading, glossy highlights, expressive eyes, white outline around the figure. NOT 3D, NOT realistic, NOT chibi — official Gen 1–5 illustration style. Must look like it belongs in the actual Pokédex.
Background: flat solid color — the single most dominant color extracted from the source image.
Output: one single creature, centered, no text, no title, no card, no frame, no decorations. Square image, screenshot-ready.
Let's take a look at the last month in the JADE mines.
Miners deployed 3,485+ SOL across 26,000+ rounds.
• 125,101 JADE minted
• 84,641 burned back
• 279,654 circulating
• 58% staked
The protocol produced 30k in revenue at an 80k market cap (DefiLlama)
In total, we're 1.73% of the way into a 21,000,000 cap, with less than that circulating after burns. Emissions only tighten from here as we work our way along the quadratic decay curve.
There is no better time to be mining JADE. ⛏️
https://t.co/roXpSaM4Ca
🤖 Hermes is fully operational
Autonomous $JADE mining now running 24/7 with:
🛡️ Defensive Refill — auto unstake claim swap reload when SOL runs low
💎 Opportunistic Sell — sells JADE when price is 20pct above the 7-day avg
📰 Daily Reports — mining stats posted daily at 12:00 UTC
All mechanisms tested on @jadeprotocol.
Ready for @OREsupply next.
#Solana
They're telling me it's more cost efficient to mine $JADE rather than market buying.
and all this time I thought we were mining because it was more spiritually rewarding.
Some miners are calling for JADE's first Deep Vein to hit before the pot reaches 30 SOL, while others are calling for 50, or even much higher.
At 1/10k odds each round, all we know for sure is that when it hits, it hits... and stakers get their slice of the pie.
Sundays are when the protocol does its best work.
Markets quiet down, but the round timer keeps going and the buybacks keep firing.
The grid doesn't take weekends off.
Observe the grid.
JADE doesn't rely on conviction, it measures it.
Miners decide on their behavior, the protocol decides how to treat it. All on-chain.
staked ÷ claimed = conviction
conviction = power ⛏️