FacetSWAP

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)

Facet announces partnership with Succinct Labs to implement ZK fraud proofs, addressing key challenges in traditional fraud proof systems. The new system significantly reduces bond requirements from hundreds of ETH to just 5-15 ETH. Key improvements: - Single-step verification replaces complex multi-round games - Direct smart contract proof verification - Enhanced capital efficiency While Facet doesn't use protocol-level bridges, this advancement enables more secure L1<>L2 messaging for apps. **Resources:** - [Facet Whitepaper](https://facet.org/whitepaper) - [OP Succinct Lite Details](https://blog.succinct.xyz/op-succinct-lite/) - [Fraud Proof Trilemma](https://medium.com/l2beat/fraud-proof-wars-b0cb4d0f452a)

The evolving NFT collection 'From A to B' on FacetNFT has opened a special window featuring guest artist Jack Butcher. Holders can now evolve their 'I' tokens into 'J(B)', with 48 unique variations available. Key details: - 48-hour evolution window now live - First-ever guest artist contribution - Evolution requires burning previous letter - Two strategies available: * Direct I → J(B) evolution * H → I → J(B) over multiple windows [Evolve your NFT here](https://facetnft.com/collection/from-a-to-b/evolve) Don't miss this limited window to participate in this historic collaboration.

A significant shift in blockchain scaling strategy is emerging, focusing on optimizing Layer 1 (L1) directly rather than building additional layers. Key points: - The approach suggests scaling solutions can be implemented within Ethereum's base layer - This perspective challenges traditional multi-layer scaling theories - Implementation focuses on reinterpreting transaction and data handling on L1 This strategy aims to maintain security and decentralization while reducing costs through innovative transaction interpretation methods.

Facet, a new computation platform built on Ethereum, has launched with a focus on affordability and security. The platform leverages Ethscriptions technology to enable cheaper transactions while maintaining Ethereum's security guarantees. Key features: - All transactions and data stored directly on Ethereum - Novel interpretation method reduces costs - Maintains full decentralization - No compromise on security standards The platform represents an innovative approach to blockchain utilization, offering a cost-effective alternative to traditional Ethereum transactions.

Facet introduces Bridge & Call, enabling users to bridge value and execute swaps in a single Ethereum transaction. This innovation is unique to Facet due to its atomically-based sequencing technology. Key features: - Single-transaction bridging and swapping - 30% gas fee savings compared to separate operations - No wallet disconnection from Ethereum mainnet required - Instantaneous and synchronous execution The update represents a significant improvement in cross-chain user experience and interoperability. Facet's approach maintains Ethereum's security while reducing complexity and costs.

Facet launches a new Layer 2 solution addressing critical vulnerabilities in existing rollups. Unlike current L2s that rely on centralized sequencers and upgradeable bridges, Facet: - Submits transactions directly to Ethereum L1 (based sequencing) - Operates without protocol-level L1 smart contracts - Eliminates need for admin keys or security councils - Forks from Optimism OP Stack for EVM compatibility Current L2s face challenges during hard times (technical failures, regulatory pressure, market volatility) due to centralized components. Facet aims to maintain security without compromising decentralization. The platform is live on mainnet, offering developers standard Solidity contract deployment.

**Facet**, a decentralized rollup forked from Optimism, has launched its final release candidate on Sepolia testnet. Key features: - Removes all centralized components (sequencer, upgradeable contracts, privileged keys) - Claims to be the only Stage 3 rollup with full L1 security inheritance - Completed 4 security audits by Zellic - Offers FCT mining on Sepolia with fair token distribution - Provides developer tools including facet-sdk and facet.sol - Features live dApps like Facet Swap for testing - Legacy mainnet balances migrated to Sepolia ETH bounties available for testing. Mainnet launch expected soon.