Jay

Founder @fade_labs
AI and stablecoin will reshape everything
Superteam and Ferno member
PM & dev
Proud Gecko & Monke holder

[Jay @dev_vv3]

@hackerhouses I’ll keep it short: Hacker House is an absolute must!

If you’re serious about building in the Solana ecosystem, just do it. No excuses.

Commit to your ambitions.

Huge thanks to @CapinUK & @lagunacarta for the invite and for putting this all together!

[Jay @dev_vv3]

On my way to @SolanaEvents Demo Day at @hackerhouses!

Want to see what crypto card rewards could look like in the stablecoin era?

Come join us or catch the livestream at 11 AM London time!

[Jay @dev_vv3]

Stablecoins unlock so much more than just monetary value.
So many use cases still to explore.

What about "Buy Now, Pay Maybe" as a service?

[Fade @fade_labs]

What a card issuer needs to offer free purchases with Fade: one call, added to the payment it already makes.

No prize pool to fund, and no draws to run. The issuer pays a cost set upfront with the odds, out of the budget it already spends on cashback. Our shared vault on @solana pays every win in full, and the issuer credits the card as it does a cashback.

Three winners in a row change nothing for the issuer.

The issuer sets the odds and can change or stop them at any time. Building or running a stablecoin card? Our DMs are open.

[Jay @dev_vv3]

Been in crypto since 2021, and I've seen memecoins bring both good and bad things to Solana.

Lately, I feel like we've been seeing more of the bad side.

That's why seeing projects like @risedotrich trying to push things in the right direction puts a smile back on my face.

GG guys!

[R I S E @risedotrich]

RISE V2 is live

The foundations you loved about V1, taken to a whole new level

More upside, more control. MemeFi Redefined 🧵

[Jay @dev_vv3]

@cyphernetician @solana @biboux_sol

[Jay @dev_vv3]

@fade_labs @hackerhouses 😅 the fade’s way

[Jay @dev_vv3]

@Shoomsol Ofc

[Jay @dev_vv3]

A lot of people asked me what we're building at the @hackerhouses this week. This thread sums it up better than I do at 2am 😅

[Fade @fade_labs]

We turn cashback into free purchases.

It's the same budget a card already spends on cashback, split differently: a real discount fairly often, and now and then the whole purchase back. How it works, and why we're building it now, below.

[Fade @fade_labs]

Another day at the London @hackerhouses

[Jay @dev_vv3]

@fade_labs is a protocol, kept as simple as possible. We run the draw and pay the wins. Card issuers own the marketing strategy.

[Fade @fade_labs]

A 2% cashback card spends 2% of every purchase on rewards. With Fade, the issuer decides what that 2% feels like.

It can give 1 purchase in 5 a 10% discount, so cardholders win often. Or it can give 1 purchase in 50 the whole purchase back, which happens less often but is the kind of win people tell their friends about.

Both cost about the same on average. The issuer sets the odds and can change them at any time, and our shared vault on @solana pays every win.

[Jay @dev_vv3]

The need for @fade_labs is right here, right now.
No time to waste.

The coming weeks with @hackerhouses , @solana Breakpoint, Demo Day, and @colosseum will be crucial!

[Fade @fade_labs]

Stablecoins moved $482B in payments between January and September, 45% more than a year earlier.

Payments went on-chain. Rewards are next. The odds are public before you pay, the draw happens on-chain, and if you win, the money is in your wallet a few seconds later.

We're building Fade so any card, wallet or app on @solana can plug that in.

[Fade @fade_labs]

Need your help with something
We keep going back and forth on the line that explains Fade

A: The reward layer for stablecoin payments
B: Fade turns cashback into free purchases

A sounds like infra and explains what Fade is, B sounds like an end-user use case. Which do you prefer? You've got a better one? drop it in the replies!

Live poll @hackerhouses :)

[Jay @dev_vv3]

I don't see how cashback can last. Issuers spend billions on rewards their customers barely notice...

Fade keeps the same budget and turns it into a reward people actually remember.
And the shared vault behind it is a new DeFi primitive: a USDC vault that earns from payments, not from crypto prices

[Fade @fade_labs]

Quick math for card issuers.

2% cashback on a $50 dinner is $1. Your cardholder won't even notice it.

Put that 2% into Fade instead: 1 purchase in 10 gets 10% back, 1 in 100 gets the whole dinner back. It costs you about the same.

Nobody talks about getting $1 back. Everybody talks about the free dinner.

You pick the odds, the shared vault absorbs the variance, and wins land in seconds on @solana.

[Fade @fade_labs]

People underrate how big the rewards budget on these cards is getting. 1% of this chart is $1.4M every month

[Jay @dev_vv3]

Only Day 2 at @hackerhouses with @0xEspada1 and already so many insights for @fade_labs

Pitch Roast challenge: convince the room that cashback is dead, and Fade is building what comes next
Huge thanks to @viewfromhk and @1MrHarding for the valuable feedback!

Great conversations with giga brains like @readylayerone and @d3h3d_

One thing is already crystal clear: this Hacker House is going to turbocharge Fade!

[Jay @dev_vv3]

This 12 days at @hackerhouses will be epic!

[Fade @fade_labs]

What we heard on day one at the Solana Hacker House London:

Cashback is everywhere, and nobody gets excited about it.
Every team wants rewards users actually talk about.

That's the gap Fade fills. Back tomorrow for more.

@SuperteamUK

[Jay @dev_vv3]

@JosipVolarevic2 Done for @fade_labs ✅

[Jay @dev_vv3]

@fade_labs Oh yes !!

[Fade @fade_labs]

Your $40 order. On us.

Not 60 cents back. The whole thing. TOTAL 0.00.

With Fade, any card, wallet or app on @solana can give every purchase a shot at coming back free, funded by the rewards budget it already spends on cashback. Paid out in seconds, with odds anyone can check.

Cashback is a rounding error. A free order is a story you tell.

Would you trade your cashback for a shot at the whole order?