Sidechain Proposal - Renaming Echelon to MeeRay – and Our Biggest Upgrade Yet

🚀 Renaming Echelon to MeeRay – and Our Biggest Upgrade Yet

It’s been over a month since our last update — not because we’ve been quiet, but because we’ve been deep in intensive development work. This period has been all about solving hard technical problems, and integrating major new features in the Dex Ui that will define the future of DeFi on Steem, our ecosystem. In the last few weeks, we’ve restructured huge parts of the codebase, rebuilt the trading engine from the ground up, and refined almost every system that powers the network.

And with this release, we’re proud to announce that the Echelon Project is officially being renamed to MeeRay — a complete new identity, voted by most of the top witnesses.

(Can you find all the letters?)

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🧩 Sidechain Core Improvements

🏗 1. Complete Trading System Overhaul

A full architecture rewrite:

• Removed all legacy orderbook trading transactions.
• 100% new hybrid AMM + new orderbook engine that merges the instant liquidity of pools with limit buy and sell orders.
• Introduced market-aggregator for unified liquidity sourcing across AMM and orderbook routes.
• Created a new trading endpoint from scratch with cleaner, stronger validation, and complete type safety.

Major new capabilities:

• Limit orders with price targeting.
• Advanced slippage protection.

This change is very important and complex but here is the reason behind this decision:

• In small ecosystems like Steem, splitting liquidity across multiple buy and sell orders in an order book can lead to thin markets — big gaps between prices, low trade volume, and higher slippage for traders. Using liquidity pools we will avoid this problem by concentrating all available funds into a single shared reserve for each token pair. This means traders aren’t spread across dozens of disconnected orders — everyone taps into the same liquidity pool. Even with a modest amount of total liquidity, trades remain fast, prices stay more stable, and the market feels healthier. On top of that, anyone can add funds to the pool and earn a share of the trading fees, keeping value circulating inside the Steem ecosystem rather than draining out to external exchanges. We are still in deep reflexion for removing the ability to create different pools with different fees tiers.

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🔧 2. System-Wide Refactoring & Stability Improvements

BigInt precision everywhere:

• Refactored every transaction type with new functions for consistent bigint handling.
• Improved database compatibility and ensured cross-module accuracy for all token amounts.
• According to this update, all apps need now to send BigInt formatted amounts, when transacting with the sidechain.

NFT & Pool transaction safety:

• Standardized all NFT interfaces and validation logic.
• Improved pool liquidity management with safer error handling.

Utility consolidation:

• Unified and renamed helper modules, interfaces, functions.

Consensus & sync stability:

• Optimized collision window handling to reduce unnecessary block conflicts.
• Fixed a critical issue that caused unwanted endpoint switching in development mode.
• Adjusted network sync parameters between pairs for smoother operation under varying conditions.

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🚀 3. New Features & Security Enhancements

• Market creation now uses stricter validation and stronger security checks.
• Witness voting and balance calculations refined for accuracy.
• Token amount formatting improvements across multiple modules.
• Expanded API documentation with detailed endpoint specs and updated transaction references.

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🎨 DEX UI Enhancements

⚡Rework of the traditional order book

• New interface to use the hybrid AMM model.
  

• Complete overhaul with new API integration for richer, more accurate data.

• Improved Swap display with clearer visualization of routes and faster rendering.

Now those both screens can be merged in a single one with a better design.

📊 Pool Analytics

• Complete overhaul with new API integration for richer, more accurate data.
• Improved Pool Earnings and PoolVolumeChart with clearer visualization.

🖥 User Experience Upgrades

• Multiple optimizations in dashboard, trade, pool, tokens, interfaces.
• Better error handling, smarter default values, and smoother loading states.
• Added witness voting features directly within the Dex UI.

• Simple tokens discovery interface.

• Simple token informations interface.

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🙏 Special Thanks to @steemchiller

We want to extend a heartfelt thank you to @steemchiller for securing the meeray account on Steem before we had the time to claim it^^.

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🌟 Overall Impact

• Trading Engine: Completely rebuilt with hybrid AMM + orderbook capabilities.
• Security: Stronger validation for all transaction types.
• Precision: Improvement of BigInt-powered financial logic across the system.
• Stability: Optimized block collision handling and sync reliability.
• User Experience: Smoother UI, better analytics, and more control for traders.
• Code Quality: Cleaner, modular, and future-proof architecture.

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In simple terms:
Meeray is now faster, safer, and more capable than ever. You can trade instantly through liquidity pools, place precise limit orders, and enjoy full price protection — all on a network that’s stronger under the hood and easier to use on the surface.

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🔮 What’s Next for MeeRay

In the coming weeks, we’ll be:

• Continuing intensive sidechain testing as we are doing since 4 months now, to ensure stability under all conditions.
• Fixing bugs and polishing features based on both internal QA and community feedback.
• Enhancing the DEX with smoother trading flows, reactivity, design, and more intuitive controls.
• Upgrading the NFT platform UI to make creating, trading, and managing NFTs faster, clearer, and more engaging.

The focus remains on improving MeeRay — where the sidechain, the DEX, and the NFT platform work seamlessly together to deliver the best possible experience for every steemians.

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⚠️Missing Updates

To explore all the changes, fixes, and features under development, check out our GitHub repository:

🔗 GitHub Repository: https://github.com/FutureShockco/meeray

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As always this summary was generated with help from AI using real testnet logs and GitHub commits to ensure accuracy and technical depth.