Flare's latest proposal suggests using MEV revenue to buy back and burn FLR (Fluorescent Real Estate), and lowers the inflation rate to 3%.

CoinFeed reported on April 10th that, according to CoinDesk, FlareNetworks has proposed a new scheme to capture MEV (Maximum Extractable Value) revenue generated by the network at the protocol layer. This revenue would be used to support FLR token buybacks and burns, while simultaneously reducing the annualized inflation rate of FLR from 5% to 3%. The mechanism aims to convert MEV, previously captured by validators, into protocol revenue, channeling it into a specific liquidity pool. This revenue would then be used to buy back and burn FLR tokens on the secondary market, thereby reducing new token issuance while increasing the direct support for token value at the protocol level.