This week, Elastos engineering teams advanced both strategic preparation and technical milestones—building the foundations for a multi-scenario stablecoin ecosystem and a fully decentralized media economy.
The BeL2-NBW team focused on preparing diversified solutions around Elastos DAO Proposal #196, enhancing Gold-Silver Minting (GSM), and designing the USDT-to-BTCD exchange mechanism. Meanwhile, Elacity Labs reached smart account compliance with Particle Network and made major progress toward Lit Protocol–powered decentralized licensing, paving the way for a censorship-resistant, serverless media stack.
BeL2-NBW Team
Strategic Multi-Scenario Planning
- Prepared technical solutions for future paths of DAO Proposal 196, including ECO chain dual gas fee design
- Explored merge mining → independent public chain transitions for long-term network autonomy
- Optimized fee distribution logic:
- 7% annual stablecoin fee with 1% for risk hedging options
- 70% to project team, 30% to Elastos Foundation
- Gas contract automation for revenue and ELA buyback-burn
Stablecoin System Enhancements
Gold-Silver Minting (GSM)
- Completed testing of simultaneous ELA and FIST staking
- Optimized collateral ratio flexibility, from 40% to 65%
- Updated GSM user guides and staking contract parameters for risk control
USDT-to-BTCD Exchange
- Developed and tested BTCDVault contracts for 1:1 USDT → BTCD minting
- Designed cross-chain bridging for multi-chain USDT access
- Enhanced liquidity management and risk mitigation mechanisms
Automated Services
- Advanced Issuer auto-signing service to auto-seize BTC after overdue repayment (in progress)
- Tested 30% interest extraction and distribution during repayment events
Mainchain Security & ECO Chain Research
- Fixed illegal proposal bugs in mainchain BPoS nodes
- Strengthened abnormal event detection and handling for consensus nodes
- Researched ERC-4337 account abstraction on ECO chain for dual gas fee support (PGA as gas, ELA as final settlement asset)
- Designed gas proxy payment + auto-exchange mechanism to improve UX
Infrastructure & Community
- Deployed backup browser nodes (ELA, ESC, EID) with rapid recovery setup
- Cleaned and optimized AWS resources, reducing costs
- Participated in DACA hackathon, providing tracks, review processes, and developer documentation
- Recorded BTCD protocol operation videos and updated PGP + BTCD deployment guides
Elacity Labs WCI
Smart Account Compliance & Lit Protocol Integration
Smart Account Breakthroughs
- Achieved full ERC-4337 compliance for minting, approvals, and license flows
- Fixed _msgSender context issues and signature validation for abstracted ownership
- Deployed updated Operative and Channel contracts to support bundled transactions
Lit Protocol CEK Integration
- Progressing toward serverless, decentralized key handling for media playback
- Defined push + retrieval phases for CEKs via Lit nodes
- Scoped C/WASM player security layer to handle session-signed CEKs
- Planned legacy crypto fallback for backward compatibility
Repository & Infrastructure
- Resolved staging and live server instabilities
- Advanced global code review for frontend, backend, and smart contract alignment
- Prepared CI/CD and repo migration for elastos.pc2.net
Weekly Highlights
- Smart account license flows now work end-to-end for abstracted accounts
- Signature and ownership validation stabilized
- Lit CEK push and retrieval workflow defined
- Hardened WASM decryption path scoped for player core
- Infrastructure and code review aligned across the stack
What’s Next
BeL2-NBW
- Deploy Issuer auto-signing for overdue BTC liquidation
- Deepen GSM testing and USDT-BTCD liquidity optimization
- Complete ERC-4337 contract feasibility verification on ECO
- Prepare mainchain illegal proposal fix for production rollout
Elacity Labs WCI
- Implement player-side Lit CEK retrieval + WASM decryption
- Finalize bundled transaction stability for smart accounts
- Progress repo migration + CI/CD for ElastOS integration
- Continue frontend UX refinement for universal accounts
Why It Matters
This week’s progress fortifies the Elastos ecosystem on two fronts:
- Stablecoin System Evolution
- Multi-token collateral and USDT conversion open liquidity floodgates
- Dual gas and cross-chain prep ensure resilience under all governance outcomes
- World Computer & Elacity Media Sovereignty
- Smart accounts abstract wallets for frictionless access
- Lit Protocol removes the final centralized key dependency for DRM
- Infrastructure aligns for an unstoppable, self-sovereign digital economy
Explore What’s Live
- Stream and mint on Elacity: https://ela.city t
- Essentials Wallet: https://elastos.net/wallet
