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Fuel Network

Category: Rollups

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Overview

Total XP Rewards

100

Estimated Rewards

$100M

Funding

$81.5M

Current Stage

Season 2

Total value locked

$302M

Unique Users

-

Chains

chain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

A

Tasks

0/5

TGE

December-2024

Type

Infrastructure

Confirmed

Yes

Date

8 months ago

Introduction

  • Fuel is a purpose-built operating system for Ethereum rollups.
  • Fuel allows rollups to solve for PSI (parallelization, state minimized execution, interoperability) without making any sacrifices.
  • Fuel aims to transform the Ethereum rollup space by combining the purpose-built virtual machine FuelVM, with a highly optimized Rust-based blockchain programming language Sway along with a fully integrated tool chain and several services to create a complete Rollup OS for Ethereum.

Tasks

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Fundamentals

  • Operating System for Rollups: Fuel is designed for Ethereum rollups to enhance parallelization, state-minimized execution, and interoperability.
  • FuelVM: Implements advanced features like parallel transaction execution and multiple native assets, leveraging strict state access lists.
  • Sway Language: A domain-specific language based on Rust, optimized for blockchain development.
  • UTXO Model: Utilizes a UTXO model with strict state access lists for enhanced processing capacity and transactional throughput.
  • Developer Tooling: Offers a comprehensive suite of tools, similar to Rust's ecosystem, for a seamless development experience.
  • Safety and Performance: Sway emphasizes compile-time analysis, safety, and extensibility for optimizing smart contracts.
  • SDKs and APIs: Provides comprehensive SDKs for Rust and TypeScript, as well as a GraphQL API for network interaction.

Potential Rewards

  • Fuel Points are off-chain points earned by completing on-chain actions that positively contribute to network growth. 
  • Fuel Points offer a sustainable rewards mechanism throughout all stages of network deployment, from the public testnet to Fuel Mainnet.
  • Participants earn points and unlock rewards by contributing to the growth of the Fuel network and ecosystem. This initiative provides an opportunity to gain incentives while supporting the Fuel network's success.
  • You can withdraw your funds anytime. But, If you withdraw any of the funds before the Fuel mainnet launch, the points collected by those assets might be lost.
  • Participants can earn 1.5 points per day per $ value deposited for the following assets: ETH, WETH, eETH, rsETH, rETH, wbETH, USDT, USDC, USDe, sUSDe and stETH.
  • From July 8-22, participants can earn 3 points per day per $ value deposited for the following assets: ezETH.
  • Early depositors can earn additional incentives and higher loyalty rewards upon mainnet release.
  • Points are credited daily and can be monitored via the Points Program Portal.
  • Different assets have multipliers that may increase the points earned.
  • Points may translate to future network incentives and loyalty rewards.

 

Investors

  • Blockchain Capital
  • The Spartan Group
  • CoinFund
  • Maven 11 Capital

Audit

  • Hexens

Features

  • High Throughput: Fuel achieves high transactional throughput by leveraging a unique parallelizable transaction execution engine.
  • Interoperability: Introspective block construction makes cross chain communication seamless and secure.
  • Contract Scripting: Fuel supports both smart contracts and transaction scripts, providing flexibility in designing decentralized applications.
  • Native Multisig: Built-in support for multi signature wallets, enhancing security and usability for users.
  • Flexible and Modular: The FuelVM is designed to be modular, enabling developers to customize and extend its functionality easily.
  • Proof-of-Execution: Implements an efficient proof-of-execution scheme, ensuring data availability and reducing trust assumptions.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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