According to ChainCatcher, Flare posted on X that starting at 19:00 (UTC) on July 4, 2024, the FLR inflation rate will transition from 7% (current) to 5% (new) to reach a more sustainable level.
This change reduces the number of new FLR tokens minted each year, creating a long-term supply scarcity. While delegation and staking rewards will be adjusted to reflect the lower inflation rate, FlareDrops will not be affected.