Thiti Praditpetchara

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@HugoPhilion so we're just accepting lower MeV as a feature now? interesting spin

1) Using historical stats from Flare for MeV is pretty pointless as the ecosystem has grown in TVL substantially. (The estimates for transaction fee burning in FIP16 are also probably low as the ecosystem is growing and historical data doesn’t take this into account.) Estimates for annual MeV earnings across the space equate to 1.5-2.0% of TVL. Personally I’d expect this to be lower on Flare as MeV harvesting will be far less aggressive than on other chains so 0.5%-0.75% is probably a better range. One of the more valuable things that can happen for Flare is growing TVL (and by proxy ecosystem usage - meaning fee burns- and also MeV earnings) by onboarding more XRP and new assets. Key to this in the near term is institutional onboarding of XRP thru exchange & custodian partnerships - eg Uphold - which can bring huge amounts of value to the chain more quickly than retail users. In the mid to longer term onboarding new assets like FBTC and RWAs (where Flare’s FCC gives Flare a strategic advantage). In summary what FIP 16 did was make FLR very low inflation (relative to most other networks now) and link net token inflation to increasing usage through transaction fees, data fees (FDC, FSA) and MeV accrual. Increasing TVL and increasing opportunities where FDC and FSA are used contributes the most towards reducing inflation / making FLR deflationary. As an aside I was massively over optimistic about how quickly TVL would come to Flare. It wasn’t intentional my estimates got hammered by 1) the continued general market bearishness 2) Yield compression across the market - which makes it harder to get a yield on borrow lend (Kinetic & Mystic) and sell cover (firelight). 3) How slowly institutions move. It is happening and happening at an increasing pace relative to a couple of months ago but the first few turns of any flywheel require a lot of effort. 2) We currently have no plans to change VM or become multi VM (practically very difficult anyway). There doesn’t look to be much value in doing so right now. 3) No we have no plans to raise capital as we don’t need to. 4) There is no particular reason for us to become a US entity at the moment. If that changes we will change with it. Tbh I spend a fair amount of time in the US anyway (and we have a lot of team in the US) so unless there is a clear legal/regulatory reason to do so it wouldn’t make any difference.

@narendramodi Absolutely! So important to highlight. Diverse voices lead to better, more impactful results for everyone. 👏 #womeni...

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