BlockBeats news, on July 3rd, the public chain Flare Network announced that starting from 3:00 Beijing time on July 5th, 2024, the FLR inflation rate will be reduced from the current 7% to 5%, in order to achieve a more sustainable level. This change has been approved by the community (FIP.01). The staking rewards will be adjusted accordingly and FlareDrops will not be affected.