Gate News update, April 10, Flare publishes a governance proposal to route maximum extractable value (MEV) capture to the protocol layer, with a newly established entity, FIRE, responsible for revenue reflow and FLR token buybacks and burns. The plan includes a three-phase block-building reshaping: first, the Flare Entity will designate the block builder; then, Flare Confidential Compute will be introduced to enable public auditing; finally, the builder and proposer will be merged, and the original validators will transition into validation roles. The proposal also reduces the FLR annual inflation rate from 5% to 3%, lowers the annual hard cap from 5 billion tokens to 3 billion tokens, and increases the base gas fee to 1200 gwei, with the expected annual burn amount rising to 300 million tokens. These measures aim to optimize the network’s economic model and improve protocol transparency and security.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
