TechFlow News: On April 10, according to CoinDesk, Flare announced a governance proposal to capture maximum extractable value (MEV) at the protocol layer, with a newly established entity—FIRE—responsible for revenue recycling and FLR token buybacks and burns. The proposal outlines a three-phase re-architecture of block building: First, block builders will be designated by the Flare Entity; second, Flare Confidential Compute will be introduced to enable public auditability; and finally, block builders and proposers will be merged, with existing validators transitioning into pure verification roles. Additionally, the proposal reduces the annual FLR inflation rate from 5% to 3%, lowers the annual hard cap from 5 billion to 3 billion tokens, raises the base gas fee to 1,200 gwei, and projects an annual burn volume of 300 million tokens. These measures aim to optimize the network’s economic model while enhancing protocol transparency and security.
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