Sovereignty and Composability: *breaking the appchain tradeoff once and for all 🧵 

Spire Labs has raised $7m to orchestrate the development of the Based Stack - the next generation of based rollups.

**Aspire to be based**

Ethereum sells settlement
Ethereum sells DA
Ethereum sells economic security
Ethereum will sell sequencing. Soon.

Spire is building the Based Stack. spire.dev

**Based Sequencing is best for apps**

Spire’s flavor of based sequencing enables L1 composability and provides apps with the credible neutrality of Ethereum. This includes liveness, censorship resistance, and decentralization. 

Minimize customer acquisition cost, maximize efficiency. Capture value, better UX.

We’ve written a thread to summarize our litepaper for the Based Stack. We strongly recommend reading through this thread to learn how we're pushing the boundaries of deployment platforms!

https://warpcast.com/spire/0xf58e3afc

Spire is a crypto startup focused on Ethereum scaling, developing the "Based Stack," a rollup framework designed to enable builders to deploy application-specific chains, known as appchains. The Based Stack emphasizes "Based Sequencing," which allows app developers to use Ethereum Layer 1 as the sequencing layer instead of relying on centralized sequencers. This approach maintains the network effects of the Ethereum Layer 1 blockchain and provides benefits such as L1 composability, credible neutrality, liveness, censorship resistance, and decentralization. Additionally, the Based Stack enables Maximal Extractable Value (MEV) internalization, allowing appchains to capture the MEV they generate, which traditionally would go to sequencers.