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.”