Gate News update, April 10, Flare publishes a governance proposal to route maximum extractable value (MEV) capture to the protocol layer, with a newly established entity, FIRE, responsible for revenue reflow and FLR token buybacks and burns. The plan includes a three-phase block-building reshaping: first, the Flare Entity will designate the block builder; then, Flare Confidential Compute will be introduced to enable public auditing; finally, the builder and proposer will be merged, and the original validators will transition into validation roles. The proposal also reduces the FLR annual inflation rate from 5% to 3%, lowers the annual hard cap from 5 billion tokens to 3 billion tokens, and increases the base gas fee to 1200 gwei, with the expected annual burn amount rising to 300 million tokens. These measures aim to optimize the network’s economic model and improve protocol transparency and security.
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