Flare Just Declared War on MEV Profiteers, Wants to Give the Spoils Back to the People (Allegedly)

Picture this: Flare, the layer-1 blockchain that clearly skipped the part of crypto school where you learn to stop making enemies, wants to seize maximal extractable value at the protocol level and redistribute it from opportunistic searchers back to the network. Their master plan involves a three-stage revolution of block building and a shiny new entity called FIRE—because when you steal from the MEV industrial complex, you might as well give it an acronym that sounds like money burning.

In stage one, validators get a gentle reminder that their individual block building privileges have been... reallocated. The designated builder, operated by the Flare Entity, takes the wheel, with a comforting fallback to the current model if things somehow manage to go wrong. Because nothing says "trustless" like a backup plan involving the same people who wrote the first plan.

Stage two cranks the paranoia up to eleven by moving the entire operation into Flare Confidential Compute—because regular computing just wasn't mysterious enough. Everything remains publicly auditable, so the conspiracy theorists can rest easy knowing they can still peer into the machine, even if the machine now whispers sweet nothings about encryption.

Stage three is where things get spicy: the builder and proposer merge into one entity, while existing validators get shuffled to the glamorous role of "verifier." It's like being demoted from head chef to quality inspector, except nobody asked for a promotion in the first place.

Enter FIRE, the newly minted entity collecting revenue from attestation fees, FAsset and Smart Account fees, confidential compute fees, and—most importantly—the captured MEV itself. Its sacred duty: reducing FLR token supply