CoinDesk reported that Flare (FLR), an XRP-based DeFi ecosystem, has proposed a governance measure to identify Maximal Extractable Value (MEV) resulting from transaction order manipulation at the protocol level and to reduce the annual FLR inflation from 5% to 3%. MEV refers to the act of entities (e.g., miners, validators) that can produce blocks or adjust transaction order in a blockchain network intervening in a specific way to maximize their profits. If the proposal passes, immediate changes will include reducing the annual FLR issuance limit from 5 billion to 3 billion and increasing the base gas fee 20-fold from 60 gwei to 1200 gwei, thereby increasing the annual FLR burn amount from approximately 7.5 million to 300 million.
