Established under FIP.16 in 2026. Collects protocol fees from FAssets minting, FDC attestations, and registrations to execute continuous open-market FLR buybacks and permanent burns.
Tokens
Read moreGlossary
FIRE (Flare Income Reinvestment Entity)
Autonomous protocol entity routing network revenues into open-market FLR buyback and burns.
Related terms
- SGB (Songbird)The native cryptocurrency of the Songbird canary network.
- SparkThe original name for Flare's native token, officially renamed to FLR in 2022.
- TDE (Token Distribution Event)The initial token distribution event held on January 9, 2023.
- FLRThe native Layer 1 token of Flare Network.
- FlareDropsThe 36-month public distribution program completed in January 2026.
- WFLR (Wrapped FLR)ERC-20 wrapped version of native FLR used for DeFi and delegation.