diff --git a/src/chainparams.cpp b/src/chainparams.cpp
index 7e13d54ffab..992d58ece84 100644
--- a/src/chainparams.cpp
+++ b/src/chainparams.cpp
@@ -862,6 +862,7 @@ class CCustomParams : public CRegTestParams {
 
         const CScript default_script(CScript() << OP_TRUE);
         consensus.fedpegScript = StrHexToScriptWithDefault(args.GetArg("-fedpegscript", ""), default_script);
+        consensus.start_p2wsh_script = args.GetArg("-con_start_p2wsh_script", consensus.start_p2wsh_script);
 
         // Calculate pegged Bitcoin asset
         std::vector<unsigned char> commit = CommitToArguments(consensus, strNetworkID);
@@ -1460,6 +1461,7 @@ class CLiquidV1TestParams : public CLiquidV1Params {
         if (args.IsArgSet("-fedpegscript")) {
             consensus.fedpegScript = StrHexToScriptWithDefault(args.GetArg("-fedpegscript", ""), CScript());
         }
+        consensus.start_p2wsh_script = args.GetArg("-con_start_p2wsh_script", consensus.start_p2wsh_script);
 
         consensus.total_valid_epochs = args.GetArg("-total_valid_epochs", consensus.total_valid_epochs);
 
diff --git a/src/chainparamsbase.cpp b/src/chainparamsbase.cpp
index 35aa921cd92..9e1794f026e 100644
--- a/src/chainparamsbase.cpp
+++ b/src/chainparamsbase.cpp
@@ -60,6 +60,7 @@ void SetupChainParamsBaseOptions(ArgsManager& argsman)
     argsman.AddArg("-dynamic_epoch_length", "Per-chain parameter that sets how many blocks dynamic federation voting and enforcement are in effect for.", ArgsManager::ALLOW_ANY, OptionsCategory::ELEMENTS);
     argsman.AddArg("-total_valid_epochs", "Per-chain parameter that sets how long a particular fedpegscript is in effect for.", ArgsManager::ALLOW_ANY, OptionsCategory::ELEMENTS);
     argsman.AddArg("-evbparams=deployment:start:end:period:threshold", "Use given start/end times for specified version bits deployment (regtest or custom only)", ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::ELEMENTS);
+    argsman.AddArg("-con_start_p2wsh_script", "Create p2wsh addresses when starting in dynafed mode (regtest or custom only)", ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::ELEMENTS);
     // END ELEMENTS
     //
 }
diff --git a/src/consensus/params.h b/src/consensus/params.h
index b5b7cfc1d0d..d8eb4b435c9 100644
--- a/src/consensus/params.h
+++ b/src/consensus/params.h
@@ -173,6 +173,7 @@ struct Params {
     // default 1 to not break legacy chains implicitly.
     size_t total_valid_epochs = 1;
     bool elements_mode = false;
+    bool start_p2wsh_script = false;
 };
 
 } // namespace Consensus
diff --git a/src/dynafed.cpp b/src/dynafed.cpp
index 5ef34edcbd2..8ef680e2962 100644
--- a/src/dynafed.cpp
+++ b/src/dynafed.cpp
@@ -52,6 +52,10 @@ DynaFedParamEntry ComputeNextBlockFullCurrentParameters(const CBlockIndex* pinde
         epoch_start_height -= epoch_length;
     }
 
+    if (consensus.genesis_style == "elements" && epoch_start_height == 0 && next_height > 1 && consensus.vDeployments[Consensus::DEPLOYMENT_DYNA_FED].nStartTime == Consensus::BIP9Deployment::ALWAYS_ACTIVE) {
+        // when starting in dynafed mode, the full parameters are stored in block 1 instead of 0
+        epoch_start_height = 1;
+    }
     // We need to put in place the previous epoch's current which
     // may be pre-dynafed params
     const CBlockIndex* p_epoch_start = pindexPrev->GetAncestor(epoch_start_height);
@@ -69,11 +73,15 @@ DynaFedParamEntry ComputeNextBlockFullCurrentParameters(const CBlockIndex* pinde
         uint256 fedpegscript_redeemscript;
         CSHA256().Write(consensus.fedpegScript.data(), consensus.fedpegScript.size()).Finalize(fedpegscript_redeemscript.begin());
         CScript fedpeg_p2sw = CScript() << OP_0 << ToByteVector(fedpegscript_redeemscript);
-        uint160 fedpeg_p2sh(Hash160(fedpeg_p2sw));
-        CScript sh_wsh_fedpeg_program = CScript() << OP_HASH160 << ToByteVector(fedpeg_p2sh) << OP_EQUAL;
-
-        // Put them in winning proposal
-        winning_proposal = DynaFedParamEntry(p2wsh_signblock_script, consensus.max_block_signature_size, sh_wsh_fedpeg_program, consensus.fedpegScript, consensus.first_extension_space);
+        if (consensus.start_p2wsh_script) {
+            winning_proposal = DynaFedParamEntry(p2wsh_signblock_script, consensus.max_block_signature_size, fedpeg_p2sw, consensus.fedpegScript, consensus.first_extension_space);
+        } else {
+            uint160 fedpeg_p2sh(Hash160(fedpeg_p2sw));
+            CScript sh_wsh_fedpeg_program = CScript() << OP_HASH160 << ToByteVector(fedpeg_p2sh) << OP_EQUAL;
+
+            // Put them in winning proposal
+            winning_proposal = DynaFedParamEntry(p2wsh_signblock_script, consensus.max_block_signature_size, sh_wsh_fedpeg_program, consensus.fedpegScript, consensus.first_extension_space);
+        }
     } else {
         winning_proposal = p_epoch_start->dynafed_params().m_current;
     }