CEO @ Fuse Labs | Building a new type of Neobank @solidyield

Joined March 2009
Mark Smargon retweeted
Every Crypto Card app needs this screen How much I spent this month, on what, and how much cashback actually came back Why isn't this in every card app yet?
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Mark Smargon retweeted
We heard you fren 🫡 You can now download your statements as clean, well-formatted PDFs. Pick a month or a custom range, tap download, done.
Replying to @SolidYield
This is just my October statement,🙂 it would be better if it was in PDF format.
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Mark Smargon retweeted
⚡️Solid is listed on @Paymentscan They track onchain card volume and users, so all our numbers are out in the open. Go have a look 👇
NEW: @SolidYield is now listed on Paymentscan. The neobank has seen over $750K in card volume since its September launch, offering up to 5% cashback and 6% yield.
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Mark Smargon retweeted
NEW: @SolidYield is now listed on Paymentscan. The neobank has seen over $750K in card volume since its September launch, offering up to 5% cashback and 6% yield.
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Mark Smargon retweeted
This is what happens when your project becomes a Crypto Card Fuse built the @SolidYield card and tied $FUSE to its tiers: you lock FUSE to get the top ones. The token did 7x from its August low Stablecoins, Crypto Cards, crypto neobanks, fintech Bullish on all of it
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Article 6 of 6: 10 Years of Hyperledger Iroha
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Mark Smargon retweeted
New in Solid: Activity insights 📊 Track every dollar you spend, and the cashback you earned. → Your monthly spend vs last month. → Breakdown by category. → Every subscription, when it renews and the cashback it earned. Open Solid → Activity → Insights
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Mark Smargon retweeted
I criticized @SolidYield for making withdrawals unnecessarily difficult. Today, they pushed an update and added alternative $USDC withdrawal routes through: • Arbitrum • Base • BNB Chain • Ethereum Minimum withdrawal is now around $5–$10 depending on the network. This is exactly what I wanted to see. Good when a team actually listens to user feedback and fixes the problem instead of ignoring it. My previous post was about a real issue. This update is a real improvement. 👏🏻👏🏻👏🏻👏🏻
I was very wrong about the @SolidYield card on @Fuse_network. The rewards look great. The withdrawal is a nightmare. Easy to deposit, hell to get money out. Payouts go only to USDT Stargate on Fuse. That network is dead. Liquidity is trash. You are stuck. The only working exit is @StargateFinance, and the bridge fee is about $10. Other bridges do not take this USDT. Even the native Fuse bridge works like garbage or does not work at all. If you top up this card, put only what you will spend. Do not treat it like a balance you can cash out later. Pretty rewards. Ugly exit. I think you @SolidYield should consider moving to another network or adding withdrawals to other networks. There is a way in, but no way out. You just stay trapped inside the system. Very BAD.
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Mark Smargon retweeted
💸 Multichain withdrawals are live. Send from Solid straight to any supported chain. No external bridge needed. From next week, all deposits land on Base by default. And as always, Solid is self custodial. Your keys, your money 🔐
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Stablecoin pools on Voltage are offering up to 83.41% APR ⚡ • soUSD–USDCe: 83.41% APR • USDT–USDCe: 28% APR Put your stables to work and go farm some rewards 🌾 🔗 voltage.finance/pools
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Mark Smargon retweeted
⚡ Up to 83.41% APR on stablecoin pools on @voltfinance Sounds rewarding? Let’s go farm some rewards 🌾 🔗 voltage.finance/pools
Stablecoin pools on Voltage are offering up to 83.41% APR ⚡ • soUSD–USDCe: 83.41% APR • USDT–USDCe: 28% APR Put your stables to work and go farm some rewards 🌾 🔗 voltage.finance/pools
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Mark Smargon retweeted
my honest opinion on using @SolidYield for the past few days. this post is going to cover everything you need to know — the UX, card, earn, among other features. testing the card, the first thing i made sure to do was test a currency that’s not so popular like USD, EUR, or GBP because most cards are optimized for those. the first currency i tested was NGN to order something online. on my first order, the first thing i noticed was that Solid’s rate is more favourable than the official rate. in fact, it’s around 4% lower, so if you’re earning in one of the biggest economies in Africa — Nigeria, the Solid card is ideal, especially when you earn directly in crypto. it also works with other currencies, of course: USD, GBP, and EUR. it also offers one of the best cashback limits for a free-tier card right now: 3% at a $50 monthly limit. you also get $25 for both you and your friend when they sign up with your code after reaching some card spend volume. upgrading your card tiers gives you access to more benefits, for instance, cashback for subscriptions, etc. and before i forget, you also get points. love that the point that earn comprise different tokens, not just stablecoins, because most times that was the only option. i intentionally added it to a shopping website to see if money was going to be charged without verification (this is actually the norm for most cards). to my surprise, every transaction is secured by 3DS, so every transaction i’ve made, i’ve had to confirm. one unique feature i love most is how the card is powered by two top card issuers, Wirex and Rain, which literally means when one isn’t available in a region, the other will be. this is the first time i’ve ever seen this. overall, a very good crypto neobank with good UX. love that the team is also focusing on community building. i was indirectly paid for this because the team personally funded my card to test their card, which is very rare for teams these days. to me, this just means they are focused on improving the product rather than focusing on vanity metrics. some things they could improve in the product: the first issue i had when interacting with the app is the fact that i didn’t know much about Fuse, so when i transferred money out to my wallet, i’ve had to search where to bridge out. which is a friction for average users. think having options for some popular chains would be better btw. my account was logged out, so i’ve had to log in with a passkey, but it became nowhere to be found. so i created a new one, then the old one magically showed up anytime i mistakenly pressed it to confirm something. txns won’t just go without any warning like “the passkey isn’t identified.” think it’s going to go a long way rather than a blank page. some chains are a must-have for a consumer that wants to leave the chasm. for instance, USDT has most of its supply + volume on Tron. inasmuch as you allow USDT deposits, it was important to have Tron as part of the deposit options, even though it’s non-EVM. really down to work with the team more on this. i’m still testing, i’ll post more updates as it goes. happy monday and have a great day!
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🧑‍🌾 Be like son. Go farm on Voltage Pools - Stable pools: 25% to 75% APY - FUSE pools: up to 470% APY ⚡️100M VOLT and 250,400 WFUSE in rewards every month. 🔗 voltage.finance/pools
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Mark Smargon retweeted
🔥 Lock $FUSE, get more from Solid card Starting 12th Oct: - 70,000 FUSE locked for 12 months gets you Prime - 600,000 FUSE locked for 12 months gets you Ultra Prime cashback goes up to $1,400 a year with Yield Boost. Ultra goes up to $3,150. For Fuse, every tier lock takes FUSE out of circulation for a full year. More Solid users, more supply locked. Lock in before 12th Oct to keep today's amount and keep earning.
Solid Rewards, rebuilt 🔥 Rides and flights now earn cashback. Prime gets rides, Ultra gets both. The Rewards tab redesign makes everything smoother. Your tier, cashback and Yield Boost now sit in one place for easier access. Lock amounts change on 12 Oct. Full details 👇
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Mark Smargon retweeted
Everyday spending is becoming real activity on Fuse With @wirexapp partnering with @SolidYield to expand card access, the Solid Card now reaches users across 100+ countries. More access means more transactions settling on Fuse, generating fee revenue and driving network growth.
The Solid Card is going global 🌍 We’ve partnered with @wirexapp to bring the Solid Card to more users across Europe, Asia, Latin America, Africa and the Middle East. Same Solid experience. More countries. More users. Solid × Wirex. Now live.
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Mark Smargon retweeted
The Solid Card is going global 🌍 We’ve partnered with @wirexapp to bring the Solid Card to more users across Europe, Asia, Latin America, Africa and the Middle East. Same Solid experience. More countries. More users. Solid × Wirex. Now live.
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Mark Smargon retweeted
this is what I want to see more from neobanks not just another card or app a whole payment ecosystem where the network, product and token actually connect
i’ve been looking more into Solid lately and the connection between the neobank, Fuse Network and fuse token is pretty interesting the setup is actually simple: Solid was built by the @Fuse_network team and runs on Fuse, a decentralized L1 built specifically for payments and the agentic economy o where does $FUSE fit in? it’s the native token of Fuse Network • it lets you participate in the growth of @SolidYield and the wider Fuse ecosystem • saving it inside Solid unlocks better rewards tiers • higher tiers offer bigger USDC cashback caps and lower fees depending on your tier, fees can drop to zero for: • bank deposits • buying crypto • swaps • non USD card payments virtual card is also free, with no monthly or top up fees, while crypto deposits and withdrawals carry no Solid fee so $FUSE has real utility inside a neobank built on its own payment focused network
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Mark Smargon retweeted
i’ve been looking more into Solid lately and the connection between the neobank, Fuse Network and fuse token is pretty interesting the setup is actually simple: Solid was built by the @Fuse_network team and runs on Fuse, a decentralized L1 built specifically for payments and the agentic economy o where does $FUSE fit in? it’s the native token of Fuse Network • it lets you participate in the growth of @SolidYield and the wider Fuse ecosystem • saving it inside Solid unlocks better rewards tiers • higher tiers offer bigger USDC cashback caps and lower fees depending on your tier, fees can drop to zero for: • bank deposits • buying crypto • swaps • non USD card payments virtual card is also free, with no monthly or top up fees, while crypto deposits and withdrawals carry no Solid fee so $FUSE has real utility inside a neobank built on its own payment focused network
🤝 Paid partnership
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Mark Smargon retweeted
🆕 Introducing Solid Weekly Updates. Every week, we’ll show you what’s new on Solid from major launches to the smaller improvements that make Solid better every day. This week: 💰 A completely rebuilt Earn experience 💳 Spend USDC & USDT directly with your Solid Card 🎁 See pending cashback before it settles ⚡ Tier-based fees are now live
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Nobody's bank account ever refused a payment because they ran out of gas. My founder letter on where @Fuse_network goes next 👇
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