FIP Files: the complete index
Over the last four weeks I went through every Flare Improvement Proposal ever passed. All 16 of them. Every one is marked Final, which means the community voted it through and it's running on the network today.
If you hold, delegate or stake
$FLR, these 16 documents are the rules you're playing by. Most people never read them. So I did, one chapter at a time.
Here's the whole series in one place.
Chapter 0: why I started this
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2023: LAYING THE FOUNDATION
Chapter 1 - FIP.01: Widen FLR distribution, reduce inflation
The most debated vote in Flare's history. The airdrop went to active WFLR holders in 36 monthly drops instead of one big dump, and inflation started its way down from 10%.
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Chapter 2 - FIP.02: FTSO Management Group
Data providers policing data providers. Collude or copy submissions and you get chilled.
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Chapter 3 - FIP.03: A secondary reward band
A second, wider band so more providers get paid, not just the top quarter. 70/30 split.
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Chapter 4 - FIP.04: New FTSO pairs
BCH and DGB out. ARB, AVAX, BNB, MATIC, SOL, USDC, USDT and XDC in.
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Chapter 5 - FIP.05: Staking opens up
Minimum delegation cut from 10M to 50K FLR, P-chain mirrored to C-chain. Staking stopped being a whales-only thing.
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2024: REBUILDING THE ENGINE
Chapter 6 - FIP.06: Flare Systems Protocol + FTSO Scaling
The hard fork everything since then is built on. Room for up to 1000 feeds.
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Chapter 7 - FIP.07: FTSO Fast Updates
This is where the ~1.8s price updates come from.
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Chapter 8 - FIP.08: 19 new feeds and a way to add more
Including BCH, back less than a year after FIP.04 removed it.
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Chapter 9 - FIP.09: FLR protocol emissions
Around 510M FLR for builders and DeFi liquidity, with 12-month vesting.
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Chapter 10 - FIP.10: Passes for providers
Skip your duties in one protocol too often and you lose the whole epoch's rewards. No more cherry-picking.
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Chapter 11 - FIP.11: The bands flip
The FIP.03 split goes from 70/30 to 40/60, and small parameter tweaks no longer need a full FIP.
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2025-2026: DATA IN, VALUE BACK
Chapter 12 - FIP.12: Flare Data Connector
The successor to State Connector and the reason FAssets can exist at all.
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Chapter 13 - FIP.13: Custom Feeds
Feeds priced by contract logic instead of providers. sFLR went first.
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Chapter 14 - FIP.14: Web2 attestations
FDC can now read any Web2 API. Prediction markets already use it to settle outcomes.
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Chapter 15 - FIP.15: Delisting weak feeds
A watchlist first, then a vote. Dead feeds don't get to stay forever.
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Chapter 16 - FIP.16: The tokenomics restructure
Inflation from 5% to 3%, and FIRE turning network fees into buybacks and rewards. The one that ties FLR to actual usage instead of new supply.
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A few things that stood out after reading all of them back to back.
Nothing here passed quietly. The lowest approval ever was FIP.02 at 74.6%. The highest was FIP.06 at 98.2%. Every other proposal cleared 88%.
Inflation went from 10% to 3% across two votes, both public, both on-chain.
And read in order, the direction is hard to miss. 2023 was about who gets FLR. 2024 was about making the oracle fast and hard to game. 2025 and 2026 are about pulling outside data in and sending value back to holders.
That's the full story of
@FlareNetworks governance so far, and you can get through it in one evening.
Thanks to everyone who quoted, shared and argued in the replies along the way. You took this series a lot further than I expected.
So here's what I actually want to know: if you could write FIP.17, what would it change?
Three years ago I started writing about
@FlareNetworks because the tokenomics made sense to me before most people were paying attention.
FIP.16 is the proposal that proved that instinct right.
First, the headline number: inflation dropped from 5% to 3% immediately on passage. Not a promise, not a phased plan. Immediate.
Second, and this is the part that actually matters long term: Flare created FIRE, the Flare Income Reinvestment Entity. It collects real fees, from FDC requests, FAssets, Flare Smart Accounts, MEV, and uses them to buy back and burn FLR, plus fund rewards that used to come purely from inflation. That's the shift from "FLR has value because we said so" to "FLR has value because the ecosystem is generating revenue and some of it flows back to the token."
Third, staking got a real weight bump. P-chain stake now counts 5x more than C-chain delegation for governance and rewards. If you've been sitting on delegated WFLR instead of actually staking, this FIP is your nudge to reconsider.
Lastly, the boring but necessary part: FDC fees went up (1 FLR to 20 FLR for most request types), and every provider now has a 20% minimum fee floor. Both changes exist for the same reason, stop a race to the bottom that was quietly undermining network security.
Here's the thing that ties this back to everything else in this series. FIP.16 isn't really about inflation, or FIRE, or staking weights individually. It's Flare admitting that after FIP.01 through FIP.15, the network had enough real usage (FAssets, XRPFi, FDC requests) to stop relying on printing new tokens to fund itself and start relying on what it actually built.
That's not hype. That's just what happens when 16 proposals compound.