According to DefiLlama Research, the FIP.16 passed on 24 April: 98,06% participants voted for it. Within a single resolution, the rules for issuing FLR, burning and transaction fees, calculation of staking weight, and distribution of the protocol's revenues were changed.

The main significance of the vote is the shift to a model where the protocol's economy should more strongly reflect user activity. But the provided material does not disclose new parameters, timelines for implementation, or the observed effect for the network and FLR holders.

The source describes the result as one of the strongest mandates in Flare governance history. This is an assessment of DefiLlama Research's synopsis, and not confirmed by independent sources.