@zerufinance started the zETH Miner race with a supply of 1 billion tokens. That number has now dropped to 738,171,071, and it is still moving down. What makes this interesting is what drives that reduction. Ethereum activity brought into the Miner race contributes to zETH burns. Every new participant and qualifying action helps reduce the remaining supply. So the final supply isn't simply a number decided before launch. It's being shaped while the race is happening. Once the Miner race ends, the remaining zETH moves into the auction through Uniswap CCA, giving the market a chance to discover its price. I find this sequence worth watching because the community influences the supply before the market gets to price it. The auction isn't starting with the original 1 billion tokens; it starts with whatever survives the race. That makes the remaining time in the Miner race important. Mechanics: https://t.co/iuZrBcAnQd The question I'm curious about: will the reduced supply make the auction more interesting, or will actual demand matter far more than the final supply number? What's your take?