This market will resolve to “Yes” if Ethereum (ETH) experiences any 14-day (336-hour) period of negative net issuance at any time after the initiation of this market and before January 1, 2027, 00:00 PST.

Otherwise, this market will resolve to “No.”

For the purposes of this market:

• “Net issuance” is defined as Total ETH issued – Total ETH burned, measured using publicly available on-chain data.

• ETH is considered deflationary during a period in which net issuance is strictly negative.

• Measurements must be based on post-market-deployment data only; any deflationary periods occurring before market initiation are not eligible.

If no qualifying 14-day deflationary period occurs before January 1, 2027, this market will resolve to “No.”