GM. This is Milk Road, the crypto newsletter that’s smoother than your dad pretending he’s “always believed in this blockchain thing”.
Here’s what we’ve got for you today:
- ✍️ Why your dad’s about to get into crypto.
- 🎙️ The Milk Road Show: Has Bitcoin Lost Its “Digital Gold” Status for Good? w/ Ran Neuner.
- 🍪 AI agents will need blockchain.
Tangem is the all-in-one app and hardware wallet with no seed phrase to lose. Download the Tangem App and start your self‑custody journey for free in seconds!
Prices as of 2:00 p.m. ET. Trade today with Milk Road Swap.
WHY YOUR DAD’S ABOUT TO GET INTO CRYPTO 👨🏻
There's something massive happening in onchain credit, and most people are about to sleep right through it.
I’m here to make sure you’re not one of those people.
Here’s what just happened:
Better Home & Finance (aka ‘Better’) just inked a strategic partnership with Framework Ventures to integrate into the Sky ecosystem.
The deal unlocks up to $500M in credit through Sky's network. 👇
Ok, mortgage-backed, yield-bearing stablecoins… sounds dry as hell.
And you’re right - it is.
But don’t let it lull you into a state of apathy - this could be one of TradFi’s biggest “adapt or die” moments to date.
The part that should have every traditional mortgage originator sweating like a one-legged man at an ass-kicking contest?
Better expects this transition into tokenized capital to reduce their funding costs by more than 100 basis points annually.
Not as a promotional rate, or as a limited-time offer - but as their new standard.
Translation: they’re targeting sub-5% mortgage rates on every damn loan, when their competitors are charging 6%+!
Think about the moat that this will create…
The average American buying a home could save tens of thousands of dollars over the life of their mortgage!
Not because rates dropped… not because the Fed pivoted…
But because a company figured out how to route around the legacy financial plumbing that's been extracting fees for decades.
This is DeFi eating TradFi in real time - and all through something every American understands:
Their mortgage payment.
Better has already originated over $110B in total loan volume, and has plans to scale monthly loan originations from $500M to over $1B by the end of 2026.
Ok, but this is just one company - why does it really matter?
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WHY YOUR DAD’S ABOUT TO GET INTO CRYPTO (P2) 👨🏻
Better’s move here is essentially a proof of concept at an institutional scale.
If tokenized capital can shave 100+ basis points off mortgage funding costs, what else is getting disrupted?
(Auto loans? Student debt refinancing? Business credit lines?)
Every sector with bloated intermediary costs is suddenly on notice.
If Better captures meaningful market share with this rate advantage, the pressure on competitors becomes existential.
For context…
Source: Milk Road
“Blah blah, onchain credit, blah blah, better rates. No one here is going to care about mortgage savings when the crypto market is bleeding, dude.
The only reliable form of marketing in crypto is ‘number go up’ - and this ain’t it.”
- You, probably.
Ok. I hear you. And I raise you this:
The protocols supporting the onchain credit boom won’t just survive the bear market - they’ll be able to thrive throughout it.
Don’t believe me? Look at SKY.
While the crypto market has been busy shedding hundreds of billions of dollars in 2026…
SKY is UP 16.5%!
My stance: the onchain credit boom is real, and those selling the picks and shovels will continue to win.
Carve me a headstone.
Dig me a grave.
I’m ready to die on this hill.
P.S. Want a closer look at what makes Sky such a powerhouse? Read this article!
BITE-SIZED COOKIES FOR THE ROAD 🍪
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[GULP]: Google searches for "can't sell house" just hit all-time highs.
America’s AI is being copied - intelligence is in the crosshairs.
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