Cantina Security Contest Awards $200k for Euler v2 Code Review

**Facet protocol demonstrated its resilience** during a recent Alchemy outage, maintaining full functionality while apps and nodes went offline. **Key highlights:** - Apps on Ethereum, Facet, and Base can experience downtime - this is normal - **Facet's core protocol never stopped running** during the outage - All transactions continued processing despite infrastructure issues - **No single point of failure** in Facet's architecture **Why this matters:** Unlike traditional Layer 2 solutions that rely on centralized sequencers, Facet processes all transactions directly on Ethereum. This **"Layer 1+" approach** ensures the same uptime guarantees as Ethereum itself. The incident showcases Facet's **unstoppable nature** - even when supporting infrastructure fails, the protocol's decentralized design keeps transactions flowing.

Facet introduces FCT, a native gas token mined by burning ETH on Ethereum L1, eliminating bridge risks common in other rollups. The system features: - Direct mining through L1 transactions with calldata - Dynamic difficulty adjustments based on mining targets - Supply cap of 1.646B FCT with halving milestones - Interactive CLI miner tool with mainnet/Sepolia support Current testnet activity shows significant engagement, with 5K+ Sepolia ETH burned in the past week and 300-500 transactions per block. Mainnet launch scheduled for December 10th. [View live stats](https://fct.fyi) [Access miner tool](https://github.com/0xFacet/fct-miner)

Facet has been recognized among the top 30 Ethereum open-source projects in Gitcoin's GG23 Retro Funding Round. The project focuses on building unstoppable rollups that truly inherit Ethereum's L1 security. Key points: - Community members can vote without spending money - Voting focuses on open source metrics - Developer Retention is a crucial metric for Facet - Project previously launched on Gitcoin Grants #GG22 - Features mechanical neutrality with: - No centralized sequencer - No upgradeable contracts - No privileged keys - No governance council - No enshrined gas bridge Vote here: [Gitcoin RF Vote](https://beta.rf.vote.gitcoin.co/#/42161/862) Support future builders: [Gitcoin Grants](https://grants.gitcoin.co)

Key infrastructure players are gathering at ETH Denver for significant discussions on Web3's future: - @dumbnamenumbers and @ankr will present on next-generation infrastructure and Facet's development at BLUEPRINT panel - Event features multiple infrastructure-focused sessions including: - Uniting Societies (Feb 28): Digital identity and Web3 social infrastructure - Proof Point (Feb 29): Decentralized infrastructure and modular blockchains - Infra Gardens (Mar 1): Premier meetup with RippleX, Kwil, and other leaders The conference aims to shape emerging narratives in decentralized infrastructure, modular oracles, and RWAs. [Register for BLUEPRINT](https://lu.ma/igoyx65u)