Flare has introduced a governance proposal to reduce FLR token inflation from 5% to 3% and cut the annual token issuance cap from 5 billion to 3 billion. The proposal includes creating the Flare Income Reinvestment Entity (FIRE) to manage revenue from protocol-level MEV capture, aiming to reinvest proceeds into buybacks, token burns, and ecosystem incentives. It also plans to increase gas fees significantly to raise annual FLR token burn from 7.5 million to 300 million, linking network usage more directly to token value. Voting on the proposal will occur between April 17 and April 24, with immediate implementation of key economic changes if approved, while the shift to a controlled block builder model will roll out gradually.
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 ...
