📢 We are excited to announce that the audit of Facet v2 has now officially started! We are actively working with Zellic (http://t.cn/A6RdC5HU) - a top audit firm specializing in providing security for emerging technologies and protocols. Zellic has extensive experience in both EVM and L1/L2 Rollups, making them the perfect partner to ensure the robustness and security of Facet v2. This audit includes 3 separate workstreams:
Facet geth Facet node Facet v1 to v2 state migration
Please note that this audit period is expected to last until mid-October as the team needs to thoroughly review every aspect of the protocol. We appreciate your patience and support as we work to make Facet v2 as secure and robust as possible. Stay tuned for updates!
📢📢📢Facet was selected for the latest Gitcoin infrastructure round! 🔥Now ranked first. 💎Popular science: Gitcoin is known as the Ethereum arsenal. Gitcoin is a decentralized open source software collaboration platform built on the Ethereum network. It is also a comprehensive project incubation open source platform.
💎Since its establishment in 2017, it has continuously delivered a lot of high-quality projects and made great contributions to the prosperity of the ETH ecosystem. If Uniswap is the leader in ETH secondary transactions, then Gitcoin is the leader in primary incubation.
💎Projects that have received funding donations through Gitcoin include "Uniswap, 1inch.exchange, Mask Network, AAVE, Chainlink, MakerDAO". $ETH $SOL
📢📢📢Facet was selected for the latest Gitcoin infrastructure round! 🔥Now ranked first. 💎Popular Science: Gitcoin is known as the Ethereum arsenal. Gitcoin is a decentralized open source software collaboration platform built on the Ethereum network. It is also a comprehensive project incubation open source platform.
💎Since its establishment in 2017, it has continuously delivered a lot of high-quality projects and made great contributions to the prosperity of the ETH ecosystem. If Uniswap is the leader in ETH secondary transactions, then Gitcoin is the leader in primary incubation.
💎Projects that have received funding donations through Gitcoin include "Uniswap, 1inch.exchange, Mask Network, AAVE, Chainlink, MakerDAO". $BNB $SOL
📢📢📢Facet was selected for the latest Gitcoin infrastructure round! 🔥Now ranked first. 💎Popular Science: Gitcoin is known as the Ethereum arsenal. Gitcoin is a decentralized open source software collaboration platform built on the Ethereum network. It is also a comprehensive project incubation open source platform.
💎Since its establishment in 2017, it has continuously delivered a lot of high-quality projects and made great contributions to the prosperity of the ETH ecosystem. If Uniswap is the leader of ETH secondary transactions, then Gitcoin is the leader of primary incubation.
💎Projects that have received funding donations through Gitcoin include "Uniswap, 1inch.exchange, Mask Network, AAVE, Chainlink, MakerDAO".
📢📢📢Facet was selected for the latest Gitcoin infrastructure round! 🔥Now ranked first. 💎Popular Science: Gitcoin is known as the Ethereum arsenal. Gitcoin is a decentralized open source software collaboration platform built on the Ethereum network. It is also a comprehensive project incubation open source platform.
💎Since its establishment in 2017, it has continuously delivered a lot of high-quality projects and made great contributions to the prosperity of the ETH ecosystem. If Uniswap is the leader in ETH secondary transactions, then Gitcoin is the leader in primary incubation.
💎Projects that have received funding donations through Gitcoin include "Uniswap, 1inch.exchange, Mask Network, AAVE, Chainlink, MakerDAO". $BTC $ETH
V God commented on Facet, Pepe promoted to join Facet, L2 Rhythm published an article about L2's newcomers, and founder Tom published an article about Facet replacing L2 Facet's fundamentals are getting better and better due to various favorable factors$ETH $BTC $SOL
1.#FacetThe leading Ethscription protocol based on the Ethscription ecosystem currently has a market value of more than 100 million US dollars. As the development and continuation of Ethscription, Facet has a market value of only 6 million with the same name, and there is a lot of room for growth. 2. The development potential of#Facetprotocol is no less than that of#ordiand#Atomprotocols, and it belongs to the Ethereum ecosystem and is an alternative to Ethereum L2. The inscriptions of the same name of the awesome protocol are not bad. $ordi ==#ordinals= $1.3 billion $Atom ==#AtomicalsProtocol=1.5 billion $eths ==#ethscriptions= 1.2 billion $Facet ==#FacetProtocol =06 million #strk#ETH #热门话题
$Facet is about to bring new benefits After ERC404 came out, another ERC1111 came out. ERC1111 allows you to choose one of the states between NFT and TOKEN, which saves a lot of Gas, but the reduction is still not enough. It is recommended that innovative protocols and projects on the Ethereum mainnet should be deployed and run directly on the Facet mainnet in one step.
Facet is a new generation blockchain expansion platform inspired by Ethscriptions (to solve the splitting and liquidity problems of inscription assets) that is different from traditional L2. Facet is currently built on Ethereum and all transactions are Ethereum transactions. By changing the interpretation of these transactions and data, Facet allows you to use Ethereum at an extremely low cost (around 1/10th of the cost) without sacrificing Security and decentralization. This new extended paradigm effectively overcomes the shortcomings of traditional Rollup solutions such as centralized sorters, downtime, and the possibility of operators censoring users. At the same time, Facet is loosely coupled with the underlying blockchain that provides transaction ordering. As market demand and the ecosystem continue to prosper, it can be easily deployed to all EVM-compatible (even non-EVM) blockchains. Facet is a new generation of secure, decentralized, and low-cost blockchain computing platform. Facet represents a new blockchain scaling paradigm that is expected to replace all traditional L2 as a whole. Facet and the DA layer are loosely coupled. As market demand and the ecosystem continue to prosper, it can be easily deployed on all mainstream L1 public chains. At the same time, through the integration of BTC BRC20 and other protocols with the same technical origin, Facet has created a new and easy-to-implement path for cross-chain and multi-chain interoperability, and is ultimately expected to become a supercomputing platform that integrates full-chain assets and DAPP. Facet is divided into 4 stages: 1. Ether inscription stage, with core assets coming from Ether inscription; 2. Ether w ecological stage, with core assets coming from erc20; 3. Cross-chain ecological stage, introducing btc ecological assets; 4. Full-chain ecological stage, integrating Facet The protocol is deployed to all mainstream EVM-compatible chains and layer2 platforms to issue inscription assets, FT assets, and NFT assets. Rachel Chu is the old OG of Ethereum Defi and the big boss involved in building sushi. Now join the Facet team, the intention is already obvious! The Facet ecological construction is being planned behind the scenes. Sushi may connect to Facet. In addition to uniswap, dex must find new growth points. Connecting to the Facet protocol is a good direction. As mentioned before, the Facet protocol reduces gas to 99%. If sushi is connected to Facet, the cost will be reduced by 10 times compared to uniswap. uniswap will be very dangerous and may be killed. uniswap will choose to join if there is no other way. To face positive competition, the entire ecosystem has become more prosperous.It's getting better. Some awesome people are promoting the development of Facet. Don’t underestimate the resources of founder Tom. He is very good. He has been invested by a16z before. The team now has top-level people behind pepe and the core developer of sushi. Many resources are diffuse, and even the core contributors of Sushi can attract more people from the early OG of the Ethereum mainnet. If someone from the Ethereum Foundation is brought in, it will be even more awesome, but even if these people come in, they will not speak too much until they are full, because they need to hold more chips and understand everything. . The founder hopes that more developers will go to the Facet platform and develop various dapps similar to opensea. It is cheaper to apply gas on Ethernet, but the L2 chain has certain security risks. If people control the computer, FTX problems will inevitably occur, but when will it happen? If a security issue occurs, billions of money may be lost like the FTX incident. Facet is decentralized and no one can shut it down, which makes it safer. The founder of Facet Inscription challenged the entire L2! #热门话题 #ethl2 #eth
Four recent major activities in the FACET community: ①: Go to SWAP from Facet Inscription Bridge to participate in the lottery. The first prize is 1000 tokens F. ②: You can get points by chatting in Telegram group, and the points can be exchanged for token F. https://t.me/Facet_community ③: Second airdrop RWA project receipt: Snapshot time is January 10th. Collection address: https://opensea.io/collection/realtyx-launch-pass
④: In the third airdrop transaction, each party has a 50% probability of automatically airdropping a piece of land: https://ethsmarket-front.vercel.app/protocol
#pyth #link #JUP 📢Community announcement: Facetswap’s data is very important and is related to the conditions for listing on the exchange in the future. The transfer of inscriptions to Swap is also a manifestation of the community's support for the founder's work. In order to encourage everyone to cross the bridge, we will do the following auxiliary activities:
📢Activity rules: ①: Starting from February 5th, Ethereum Inscription Facet cross-bridge into FACET token address will be eligible to participate in the lottery. 1 ticket is one vote, 10 tickets are 10 votes, 20 tickets are 20 votes, and so on. One vote is one entry into the drawing. ②: This event lasts for ten days, from 12 noon on February 5th to 12noon on February 14th. 🔥(During this period, FACET tokens will be bridged back to Facet inscriptions, subject to the remaining quantity) ③: The rewards are funded by the FACET fund, with a total of 2,500 FACET tokens awarded, and 13 lucky winners will be drawn. ④: Numbers 1 to 10 in the drawing order are set as lucky prizes, each person gets 100 tokens. The third prize for the 11th place is 200 tokens. The second prize for the 12th place is 300 tokens. The first prize for the 13th place is 1,000 tokens. ⑤: The activity team ensures a fair and open lottery draw ⭐️The final right of interpretation belongs to the FACET community 🔥Note: There are more activities being planned🛫🛫🛫
@everyone 📢FACET ushered in the third wave of airdrops, the details are as follows:
The ethsmarket market, also known as the Big F market, is an important supporter of $Facet and the creator of the official bridge of $Facet. ethsmarket, already supported by okx and Binance. The ethsmarket market has launched a new Meta-Protocol protocol based on the Facet protocol for future exploration of Defi, GameFi, etc. Currently, the ethsmarket market empowers Facet users and airdrops core assets: land to Facet users for free, with a total of 10,000 pieces of land. Here’s how to participate: Users can go to the ethsmarket market to buy a Facet, with a 50% probability of getting land, and a 50% probability of airdropping it to the seller, on a first-come, first-served basis, with a total of 10,000 pieces of land. Official website: https://ethsmarket-front.vercel.app/protocol
🔥Note: No need to collect it separately, it will arrive automatically. #pyth #link #JUP
Facet About the process: stablecoins enter, erc20 tokens on uniswap enter the Facet protocol, sushi begins to access the Facet protocol, the cost of using sushi is 10 times lower than that of uniswap, sushi official push begins to release the current advantages over uniswap, more og in the eth ecosystem begins to notice the Facet protocol, and other ecosystems begin to contact and understand the Facet protocol. In the future, uniswap will be forced to access the Facet protocol. Now looking at the founder's actions, the founder pulled the core developers of sushi over, this step is still necessary, and it will be even more awesome if core people like aave are pulled over later.
It will be more exciting if uniswap accesses the Facet protocol later. Uniswap is a project with a market value of hundreds of billions. It falls into the Facet ecosystem. How much do you think Facet is worth? Don't wait until the future comes to understand. #link #JUP #ETH
Facet was born to solve the problem of inscription asset split and liquidity A new generation of blockchain expansion platform that is different from traditional L2. Facet is currently built on Ethereum and all transactions are Ethereum transactions. By changing the interpretation of these transactions and data, Facet allows you to use Ethereum at an extremely low cost (around 1/10th of the cost) without sacrificing Security and decentralization. This new extension paradigm effectively overcomes the shortcomings of the traditional Rollup scheme, such as the centralization of the sorter, downtime, and the possibility of operators censoring users. At the same time, Facet is loosely coupled with the underlying blockchain that provides transaction ordering. As market demand and the ecosystem continue to prosper, it can be easily deployed to all EVM-compatible (even non-EVM) blockchains.
$Facet is an inscribed asset fairly issued and operated by the community. Facet inscription assets can be split into fungible (FT) tokens that are compatible with the ERC-20 standard across domains to the Facet mainnet via the Facet bridge. Inscription assets, FT assets, and NFT assets can be issued on the Facet platform.
The mission of the Facet community is to promote and spread the Facet protocol, apply it to various fields such as DeFi, GameFi, SocialFi, etc., and advocate this new paradigm revolutionary movement. This mission reflects the Facet community’s firm commitment to promoting the development and popularization of the protocol, as well as its positive attitude towards leading a new round of technological innovation. $ETH $ORDI $1000SATS