Facet Introduces Layer 2 Solution Built for Hard Times

**Facet announces partnership with Spire Labs** to develop Unstoppable Sequencing technology. This collaboration builds on Facet's previous partnership with Sequence and their Web3 development stack from earlier this year. **Key points:** - Partnership focuses on sequencing infrastructure - Leverages Facet's Ethereum-based computation platform - Continues Facet's expansion in Web3 development partnerships The announcement suggests ongoing development in blockchain sequencing solutions, though specific technical details remain limited.

**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)

The @cantinaxyz security contest for Euler v2 has concluded with 602 researchers participating. While no high or medium security issues were found, $200k was awarded to researchers who identified low-severity issues. @CertoraInc's formal verification successfully detected all 27 mutants across 8 contracts. Key highlights: - 602 security researchers participated - No high/medium security issues found - $200k awarded for low-severity findings - 27/27 mutants detected in formal verification Cantina's team received praise for organizing the contest and providing an effective security enhancement platform.

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)