About this episode
Flares New Governance Proposal: Maximizing Value for All
Flare introduces a groundbreaking governance proposal to capture maximal extractable value (MEV) at the protocol level, making it one of the first layer-one blockchains to do so. MEV, a profit block builders make by manipulating transactions, has been a significant issue on other chains, with massive hauls seen on Arbitrum, Ethereum, and Solana.
The plan unfolds in three stages: first, shifting block building to a dedicated Flare team-run builder with a backup option; second, moving it to confidential compute for full public checks; third, combining builder and proposer roles, turning validators into verifiers.
If approved, annual FLR inflation drops to three percent from five, with a hard cap of three billion tokens yearly down from five billion. Gas fees jump twenty-fold to one thousand two hundred gwei, spiking burns from seven point five million to three hundred million FLR at current volumes.
Flare also launches FIRE to pool MEV with fees from attestations, FAssets, and more for token buybacks and burns. The project ties back to XRP roots with a twenty twenty-three airdrop and over one hundred sixty million in total value locked plus eight hundred eighty-seven thousand active addresses, setting up significant potential shifts in their economy.
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