Flare: FLR inflation rate will be reduced from the current 7% to 5%

BlockBeats news, on July 3, the public chain Flare Network announced that starting from 3:00 am on July 5, 2024 Beijing time, 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). Staking rewards will be adjusted accordingly, and FlareDrops will not be affected.