Flare Networks to Open Vote on FIP.16 Proposal for Lower FLR Inflation

The proposal would reduce FLR token inflation, capture MEV (maximal extractable value) at the protocol level, and use resulting revenue for token buybacks and burns.

FLR

Summary

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Terms & Concepts
  • MEV: Maximal extractable value, the profit that validators or network participants can gain by controlling transaction ordering within a blockchain.
  • Token buyback: A mechanism where a project uses funds to repurchase its own tokens from the market, often to support value or treasury management.
  • Token burn: The permanent removal of tokens from circulation by sending them to an unusable blockchain address.