TechFlow reports that Flare Network has announced the $FLR inflation rate will decrease from the current 7% to 5%, effective July 5, 2024, at 3:00 AM Beijing time. This change aims to achieve a more sustainable level and has been approved by the community (FIP.01).
This adjustment will reduce the annual issuance of newly minted FLR, leading to greater long-term supply scarcity. Rewards for validators and stakers will be adjusted accordingly, while FlareDrops remain unaffected.




