Flare Network, an L1 project, launched the FIP.09 proposal to allocate an initial 510 million FLRs from the 20 billion incentive pool to attract builders and support Flare liquidity, which will be the first time any tokens will be allocated from the incentive pool. Future governance proposals will require community approval of emissions from the remaining incentive pool. An "emissions board" of six Flare and non-Flare representatives will be responsible for directing emissions to dapps and protocols built on Flare.
Each month, the committee can allocate any maximum amount, and voting will begin on Friday, June 28.
Flare Network Proposes Allocation of 510 million FLRs to Enhance Flare Ecosystem
2024-06-26 02:09:52
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