Flare has introduced the FIP.16 proposal to reduce FLR token inflation from 5% to 3% and capture maximal extractable value (MEV) at the protocol level. The plan routes MEV and other fees into a new entity called FIRE, which will use the revenue for FLR buybacks and aggressive token burns, potentially increasing annual burns from 7.5 million to 300 million tokens. This overhaul aims to enhance token value by linking network usage directly to FLR economics and reducing inflation, while also improving transparency and governance through staged protocol changes. The proposal is set for a vote and could strengthen Flare's position amid its growing ecosystem tied to XRP holders and $160 million in total value locked.
South Korean weather platform Kweather and blockchain network Flare have signed a Letter of Intent to pilot publishing verified meteorological data on-chain. This project uses Flare’s oracles to provide tamper-resistant weather data like temperature ...
South Korea’s Kweather is partnering with blockchain network Flare to bring meteorological data on-chain, aiming to develop new weather finance products. The collaboration will use Flare’s Time Series Oracle to verify and secure weather data such as ...
