Flare: FLR inflation rate will be reduced to 5% from July 5

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Odaily2024/07/03 07:04

By:Odaily

Odaily News Flare Network posted on the X platform that starting at 3:00 am Beijing time on July 5, 2024, the FLR inflation rate will be reduced from the current 7% to 5% to achieve a more sustainable level. This change has been approved by the community (FIP.01). This adjustment will reduce the amount of newly minted FLR each year, and the long-term supply will be more scarce. Although delegation and staking rewards will be adjusted accordingly, FlareDrops will not be affected.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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