Facet Partners with Succinct Labs for ZK Fraud Proofs

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)

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)

A collaborative breakfast series is being hosted at Whittier Cafe during ETH Denver, focusing on cutting-edge Ethereum and interoperability research. The event brings together key players in pre-confirmations and based rollups. - Daily breakfast meetups - Location: Whittier Cafe - Featured organizations: Interstate Foundation, Traders Guild, Avail Project, Rome Protocol, and Fermah Additional related events include a Parallelized EVM panel on March 2nd featuring speakers from Sushiswap, Fuel Network, and Pontem Network. [Register for breakfast series](https://lu.ma/96w29ktk)