FacetSWAP

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.

Facet has unveiled a novel public good scaling solution for Ethereum that maintains the network's security and decentralization. Key features include: - **Atomically-based sequencing**: All transactions are Ethereum transactions - **No new trust assumptions**: Eliminates risks associated with trusted sequencers and bridges - **Decentralized architecture**: No privileged actors or single points of failure - **Direct Ethereum interaction**: Users maintain full asset control - **Flexible bridging**: Third parties can create bridges using various proof technologies Facet is currently on Sepolia testnet and undergoing a private audit. Mainnet launch is expected soon. Learn more at facet.org or reach out if you're interested in exploring opportunities.