Flare announced that the inflation rate of FLR will decrease from 7% to 5% starting from July 4th

ChainCatcher news, L1 blockchain Flare posted on X that starting from July 4, 2024, at 19:00 (UTC), the FLR inflation rate will transition from 7% (current) to 5% (new) to achieve a more sustainable level.

This change reduces the number of new FLR tokens minted each year, resulting in long-term supply scarcity. While delegation and staking rewards will be adjusted to reflect the lower inflation rate, FlareDrops will remain unaffected.