The zETH supply burn is getting plenty of attention, but I think the auction could be the more interesting part of this launch. Spent some time looking into @zerufinance 's ActivityFi model, and one thing stood out. Zeru plans to use @Uniswap's Continuous Clearing Auction (CCA), where buyers decide how much they're willing to spend and the maximum price they'll accept. Successful bidders within the same block pay a common clearing price, but that price can change as the auction progresses. There's also an exclusive early bidding window for miners who earned their positions through Ethereum activity. That's what makes the whole process worth following. The race rewards qualifying onchain participation and helps reduce the initial token supply. The auction then brings actual buyer demand into the equation. Two different mechanisms, and both matter. Because burning millions of tokens might create scarcity, but it doesn't tell us what people are willing to pay. I'm also curious how the early miner window will affect the auction once public bidding begins. And there's still the final stage: moving into a permanently locked liquidity pool for trading. I like that Zeru has laid out the entire process instead of focusing only on the token launch itself. But the real test will be how these mechanics perform when actual money is involved. For now, the supply counter tells one part of the story. The auction should tell us the rest.