Flare has unveiled a governance proposal aiming to capture maximal extractable value (MEV) at the protocol level, marking a significant shift in FLR tokenomics. The proposal suggests reducing annual FLR inflation from 5% to 3% and lowering the inflation cap from 5 billion to 3 billion FLR. A new revenue framework, the Flare Income Reinvestment Entity (FIRE), would be established to manage these changes. The proposal includes transitioning block construction from individual validators to a designated builder model to capture network-positive MEV, such as liquidations and arbitrage. This shift aims to redirect value typically lost to external searchers back into the ecosystem through FLR buybacks and burns. Additionally, the base gas fee would increase from 60 gwei to 1,200 gwei, potentially raising annual FLR burn from 7.5 million to 300 million. The governance notice period is from April 9 to April 16, with voting set for April 17 to April 24.