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The FLR Emissions Plan is all about boosting the Flare network. By rewarding community members for participating with key protocols, the plan aims to keep folks engaged and the network thriving.
FIP.09 (FIP stands for Flare Improvement Proposal) suggests rolling out a 510 million FLR emissions plan to help the Flare ecosystem grow. The Flare Foundation wants to use around 510,000,000 $FLR from the total available incentive pool of 20,000,000,000 $FLR. Future FIPs can unlock the remainder. The main idea is to provide these rewards to end users of the dapps in Flare’s growing DeFi ecosystem – this will drive participation, deepen liquidity, and create a fertile environment for more dapps to launch.
Key points of FIP.09:
The emissions plan from FIP.09 aims to get the community involved in the Flare network for the long haul. By offering specific rewards, the plan hopes to:
To hit these goals, an Emissions Committee will decide how to distribute $FLR emissions, following set rules and monthly limits. This setup aims to balance growth incentives with maintaining the long-term value of $FLR.
The FLR Emissions Plan is crafted to keep the Flare network lively and appealing, driving the exceptional growth of the Flare ecosystem.
The Emissions Committee is the backbone of directing emissions to decentralized apps and protocols on the Flare network. This group has six members, a mix of Flare insiders and outsiders. Their main job? Allocating $FLR emissions to boost the Flare ecosystem and monitoring the protocols to ensure they end up in community hands.
They've got the power to decide how much $FLR to allocate each month, sticking to some rules and limits. The amounts allocated per month are expected to increase as more dapps are launched and brought into the program. To keep things above board, the Emissions Committee must report their allocations every quarter. This way, the community can keep tabs on them and make sure the emissions are used wisely. If the committee messes up, the community can propose to cut their funding and dissolve the committee, stopping the emissions schedule.
Future governance proposals are key for the community to approve the rest of the 20 billion $FLR incentive pool. This sets up the Flare ecosystem to grow with community input and governance. These proposals let community members share their thoughts and vote on emissions. It's a democratic way to allocate resources, making community members actively involved and responsible for the Flare ecosystem.
The proposals will spell out the rules for emissions, including the monthly limits. This ensures emissions are managed sustainably and transparently, matching Flare's long-term goals. By setting up a solid governance framework and giving power to the Emissions Committee, the Flare ecosystem can grow sustainably. These steps make sure emissions are allocated efficiently, transparently, and in line with what the community wants.
The new emissions plan, outlined by FIP.09, is a game-changer for Flare. It’s all about getting the community involved through supporting those who participate, build, and provide liquidity.
The new DeFi emissions are just one of the ways that Flare community members are rewarded for supporting the network and ecosystem:
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