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FLR's four roles are not equally busy. Staking is the clear winner: about 21.5B FLR staked in early September, up from roughly 16B in July. Collateral is the odd one. FIP.16 itself says earlier FAssets upgrades made them safer but cut what FLR does inside them. FIRE, with its buyback and burn mandate, is the attempt to reconnect usage to the token. So when a builder says they build around FLR, which role do they feel first?

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