Long-term incentives and Celo's deflationary model

Protocol
#1

The documentation states that CELO’s total supply is capped:

A total of 400 million CELO will be released for epoch rewards over time. […] It has a fixed total supply and in the long term will exhibit deflationary characteristics like Bitcoin.

If that is the case, the question arises how block producers are being incentivized long-term, especially since EIP1559 is implemented which burns the transaction fees.
Will minting CELO completely stop or will minting stay below threshold newlyMinted ≤ burnedCELO ?

#2

Hello and thanks for the post!

Wanted to add some clarification, we have a gas pricing inspired by EIP1559, but AFIAK, the network doesn’t burn CELO for transactions fees. More here on how gas price is calculated.

#3

Even if miners get paid some transaction fees, there is a strong risk of reorgs due to fees and MEV. How would the Celo protocol prevent that?

Paper: “On the Instability of Bitcoin Without the Block Reward”