Flare Unveils Governance Proposal to Revamp FLR Tokenomics and Capture MEV
- Inflation Rate Adjustment: Flare plans to reduce the annual inflation rate of the FLR token from 5% to 3%, decreasing yearly issuance from 5 billion to 3 billion, aiming for long-term sustainability in network economics while addressing community concerns over token dilution.
- Establishment of FIRE: Flare introduces the Flare Income Reinvestment Entity (FIRE) to manage value captured at the protocol level, directing revenue from on-chain activities into ecosystem incentives, token buybacks, and burns, thereby strengthening the link between network activity and token demand.
- Network Activity and Fee Adjustments: With over 880,000 active addresses and a total value locked near $165 million, the new proposal raises the minimum gas fee from 60 gwei to 1,200 gwei, expecting to increase annual FLR token burns from 7.5 million to 300 million, aligning supply reduction more closely with actual network usage.
- Governance Voting Schedule: Flare has set a notice period for the proposal from April 9 to April 16, with community voting scheduled between April 17 and April 24, and if passed, adjustments to inflation and fee structures will take effect immediately, while the new block creation model will be introduced incrementally as the network is ready.
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Technical Analysis for FLR
Technical Sentiment Analysis for Flare (FLR). As of , Flare (FLR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FLR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, FLR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Flare (FLR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00628 | 0.00682 | 0.00735 | 0.00789 | 0.00842 | 0.00896 | 0.00949 |
| Fibonacci | 0.00682 | 0.00722 | 0.00748 | 0.00789 | 0.00829 | 0.00855 | 0.00896 |
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