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Flare Income Reinvestment Entity
$FIRE Β· WFLR
$FIRE: Flare Income Reinvestment Entity π₯ Flare's money furnace. Every time someone mints FAssets, pings the FDC, redeems, or claims an FXRP tag, fees flow into FIRE. FIRE's main job is to burn and buy back $FLR. Less printing, more burning. Inflation got cut from 5% to 3%, and anything sitting in FIRE doesn't even count toward the inflation base. The more FIRE stacks, the less new $FLR gets minted. Passed with 98% of the vote, so the community basically said "light it up." Early days (~$31K collected so far), with MEV, Smart Account and Confidential Compute fees still to come. Network activity in. Supply out. π₯
Live contract stateConfirming reserves, phase, and market dataβ¦