FLR has recently benefited from the downward adjustment in inflation rate and the strengthening of protocol revenue capture mechanisms. Short-term bullish momentum is significant, with price breaking through the key resistance range of 0.00825-0.00840, accompanied by healthy trading volume and increased capital participation. Governance reforms will tighten future supply, while a substantial increase in base Gas fees and burn amounts will help alleviate selling pressure and support the long-term value of the token. However, 0.00860 serves as a strong medium-term resistance, and caution should be exercised regarding short-term profit-taking. Continuous attention to governance proposal progress is needed; if successfully implemented, it is recommended to accumulate during pullbacks, focusing on the 0.00800-0.00825 support range. The medium to long-term return potential may be further unlocked.

Recently, FLR's price has achieved consecutive gains over five trading days, climbing from around 0.00770 on April 12 to 0.00845 on April 17, representing an increase of approximately 10%. The price has steadily broken through the short-term resistance levels of 0.00825 and 0.00840, with trading volume maintained in the 50 million to 90 million range, indicating strong buying support. The mid-term moving average has started to turn upward, and the relative strength index has recovered from the oversold area, reflecting a more optimistic short-term market sentiment. During the governance voting window from April 11 to 24, there is a high probability that bulls will further advance their uptrend, but attention should also be paid to the medium-term resistance at the 0.00860 level.

The Flare governance proposal FIP.16 will open for voting on April 17, aiming to reduce the FLR token's annual inflation rate from 5% to 3%, establish the Flare Income Reinvestment Entity (FIRE) to redistribute network revenue, and increase the base transaction fee to enhance token burning. It also proposes changes to staking incentives, prioritizing P-chain staking, raising validator caps, and ensuring entities receive at least 20% of collected fees to improve network sustainability and security.

Flare governance proposal FIP.16 will open for voting on April 17th, proposing to restructure the token inflation rate and adjust the staking incentive mechanism.

The governance proposal suggests lowering the annual inflation rate from 5% to 3% and reducing the annual issuance cap from 5 billion FLR to 3 billion. At the same time, the base gas fee will be raised from 60 gwei to 1,200 gwei, with the expected annual burn volume jumping from 7.5 million to around 300 million. These measures will effectively tighten future supply and significantly reduce new circulating pressure, providing medium to long-term support for the token's value. From a capital perspective, such decreases in inflation and intensified burn mechanisms will positively impact supply-demand fundamentals and value stability.

Flare has proposed a governance plan to capture maximum extractable value (MEV) at the protocol level, managed by a new entity called FIRE responsible for revenue return and FLR token buyback and burn. The plan includes a three-stage block construction overhaul, reducing FLR annual inflation from 5% to 3%, lowering the annual cap from 5 billion to 3 billion tokens, and increasing the base gas fee to 1,200 gwei, aiming to enhance network economics, transparency, and security.

Flare proposes protocol-level MEV capture and significant reduction of FLR inflation.

Flare ($FLR), an XRP-based DeFi ecosystem, has proposed a governance reform to reduce annual $FLR inflation from 5% to 3% by defining the Maximum Extractable Value (MEV) at the protocol level. The proposal includes lowering the token supply cap, reducing the annual export limit from 5B to 3B, and increasing the base gas fee twentyfold to boost token burning from 7.5M to 300M annually, aiming to enhance value stability.

A Proposal Submitted That Would Bring Radical Changes to XRP-Based Altcoins! If Accepted, It Could Significantly Reduce Token Inflation!

The proposal introduces internalizing Maximum Extractable Value (MEV) at the protocol layer by establishing the Flare Income Reinvestment Entity (FIRE) to centrally manage protocol revenue and utilize the proceeds for FLR buyback and burning. Additionally, the plan includes a three-stage block builder overhaul to enhance network transparency and security, while staking incentive mechanisms will be adjusted to prioritize P-chain validators, ensuring network sustainability and censorship resistance. This series of governance and technical optimizations will help strengthen the protocol’s long-term value and boost community confidence.

Flare

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

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The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

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Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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FLR price today is 0.01, with a live price change of 3.77 in the last 24 hours. Convert, buy, sell and trade FLR on Bybit-eu.

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