COZ introduces a proposal to decouple GAS distribution from Council Rank

COZ introduced a proposal titled “Decoupling Council Rank From GAS Distribution,” aiming to modify the current GAS allocation system

General Updates:

* COZ has introduced a proposal titled "Decoupling Council Rank From GAS Distribution," aiming to modify the current GAS allocation system for NEO holders participating in Neo Council elections. The proposal, submitted by COZ CEO Tyler Adams, responds to concerns about voter turnout and council member engagement raised during the recent Centre Point community meeting. The proposal aims to decouple the ranking of candidates in the election results from the GAS distribution to candidates, aiming to promote voter turnout and engagement while maintaining fairness in the allocation of GAS.

* Flamingo Finance has announced the latest changes to its platform, including a new method for minting its over-collaterialized stablecoin, FUSD, as well as FLM minting changes. Users can now directly mint FUSD with USDT on Neo N3, providing an alternative to minting by taking a loan with Flamingo Lend or exchanging for FUSD with Orderbook+ or Convert. The platform is also significantly reducing the daily FLM minting rate, from 146,880 to 86,400 FLM per day. This reduction aligns with the platform's commitment to a sustainable and balanced ecosystem.

* SpoonOS has announced a partnership with Centic, a Web3 intelligence availability layer that aims to empower builders and users to unlock personalized experiences, growth, and interest based on real-time data. The partnership will focus on integrating SpoonOS's decentralized operating system with Centic's data-driven solutions to create a seamless and efficient Web3 ecosystem.

* Neo Smart Economy Vietnam hosted a community meetup in Ho Chi Minh City, which attracted more than 20 attendees to the event. The meetup served as a platform for local community members to connect, discuss, and learn about the Neo ecosystem.

* Frank Coin released World of Elements v1.09, which included minor bug fixes, balance changes, and other general improvements.

* Frank Coin hosted a GasBot trivia contest on the FrankCoin channel of the NeoF1 Discord server and distributed 3 GAS in rewards to participants.

Developer Updates:

* Neo SPCC has released new updates for NeoFS and the S3 Gateway, introducing various improvements and fixes. The team also patched NeoGo to resolve a TestNet state inconsistency.

NNT Catch Up:

* NNT released Episode 90 of The Smart Economy Podcast featuring Gregory Di Prisco, co-founder and Chief Architect at M0, a universal platform powering builders of application-specific stablecoins. Topics of discussion include:

* Why the future of stablecoins may lie in modular infrastructure rather than monolithic issuers like Circle and Tether.

* How M0’s extension model enables partners to launch custom stablecoins while abstracting complexity.

* The key differences between the GENIUS Act and the STABLE Act.

* Why the consumer experience will drive mainstream stablecoin adoption.

* How yield distribution and compliance can be modularized through third-party service providers.

* Why dollar-denominated stablecoins continue to dominate despite macro uncertainty.

* How stablecoins could integrate into everyday transactions within five years, largely invisible to end users.

* NNT hosted Crypto Coffee and Blockchain Beer Spaces #61 on the official The Smart Economy Podcast X account, which featured guest co-host Flamingo Finance lead designer SOMNIUMWAVE. Topics of discussion included:

* SOMNIUMWAVE’s background in Neo and work at Flamingo Finance.

* Neo booth vibes in 2025 compared to 2023.

* The ITEM Systems NFI activation at Consensus 2025.

* Attendee reception to the swag at the event.

* Dealing with negative people online vs the positive experiences IRL.

* The onboarding of new devs in 2025.

Events:

* May 27: Meme2Earn hosting a Community Fireplace on the official Discord Server.

* May 27: Flamingo Finance hosting a Community Lagoon on the official Discord Server.

* May 30: NNT hosting CC & BB #62 on The Smart Economy Podcast official X account.

May 27 : Meme2Earn will be hosting a Community Fireplace on the official Discord Server.

May 27 : Flamingo Finance will be hosting a Community Lagoon on the official Discord Server.

May 30 : NNT will be hosting CC & BB #62 on The Smart Economy Podcast official X account.

Join the official Discord server here: https://discord.gg/neo

Follow the official X account here: https://x.com/TheSmartEconP1

Subscribe to the official YouTube channel here: https://www.youtube.com/channel/UC6Vzp8gzrMqrDBu872jM8ow

Subscribe to the official Substack here: https://thenewterminal.substack.com/

Read the official Medium articles here: