After I splice the line, I use a hydraulic ram and a load cell to run it up to 50% of it's breaking strength and hold it there for 30 mins or so. That resets the fibers that are loosened up during the splicing process.
The pre-stretched dyneema that I purchase has been run through a heat/steam die process to reduce the diameter and align the fibers. This is how all of the "pre-stretched" dyneema that I use is created.
I stretch it between my truck and wife's car tow points using my main sheet system. I'm figuring that I can put near 1k lbs into it. On smaller applications under 10 ft and under 1/8 line I stretch it on my bow string jig