Layer-based Transitions to create a consistent fade for several clips at once.
Fader is a handy tool that allows you to create quick, consistent fades for several clips on your timeline.   Create a variety of fading style layer transitions or even fade everything all at once.  There are several varying categories to choose from including a basic fade, dip to color, umbra, darken, matte, ghost, and blur fades.
Create fast fade effects that will fade multiple stacked elements at once or choose which layer and elements on the timeline you want to fade!