FIP.16 has passed with 98.06% in favor.
A major milestone for $FLR.
This goes beyond growth at @FlareNetworks. It is about making value accrual more visible, measurable, and durable.
The mechanism is set. Visible growth comes next.
Could Hyperliquid become crypto’s biggest risk this year?
@HugoPhilion says the way the Hyperliquid situation resolves could dictate a lot of the industry’s future.
If major pushback comes it could become a serious black eye for crypto.
Reminder: Flare is unique because its validators do more than validate transactions.
They also participate in decentralized data protocols, helping bring external data onchain through a network of 100+ validators.
What makes Flare different at the base layer?
Data verification is built into the chain itself.
Here's @HugoPhilion on what that means, and why it matters with @RealAllinCrypto 👇
TVL tells you how much liquidity showed up.
Utilization tells you how much of it is working.
For XRPFi, you want both: depth and turnover.
That combo is what is enabling FXRP-backed strategies to scale.
In Phase 2, stakers on Firelight earn two types of rewards: the native staking yield on stXRP and coverage-related rewards funded by program operator premiums and protocol emissions.
The native staking yield and premium income accrue into the vault, increasing the position's
$FLR token economics have changed.
@HugoPhilion explains how FIP16 redefines the role of the FLR token, reducing inflation from 5% to around 2.6% per year.
He also explains why protocol yields could become much more attractive as DeFi activity on Flare grows.