The proposal would move block building away from individual validators, create a revenue entity called FIRE to buy and burn FLR, and reduce annual token inflation to 3%. Flare proposed a governance overhaul to capture maximal extractable value (MEV) at the protocol level and redirect it from external searchers and builders to the network itself. The plan introduces a three-stage redesign of block building and a new Flare Income Reinvestment Entity (FIRE) to channel MEV and other protocol revenu…
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