The Flare community recently approved the first Flare Improvement Proposal, FIP.01, with 93% of voters in favor and a 17% turnout. FIP.01 was designed to better align Flare’s tokenomics with the ambitions of the Foundation to address blockchain’s utility and interoperability issues.

The approval of FIP.01 means that the first of the 36 FlareDrop Distributions will be available to claim starting on 17 March at 12:00 UTC.

Further information on FIP.01 is available in this reference guide and voting analysis.