General Updates
COZ 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, addresses concerns about voter incentives and Council member engagement raised during the recent Centre Point community meeting.
Flamingo Finance 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.
SpoonOS 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.
Neo Smart Economy Vietnam hosted a community meetup in Ho Chi Minh City, which attracted more than 20 attendees to the event.
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 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, and more.
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, and more.
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.
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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