Minke is a self-custodial wallet that enables stablecoin utility and access to better finance globally.
WTF is the DXY and Why is it Reaching New Heights?
What the heck is the DXY? You might be asking yourself after seeing pundits on fintwit or crypto twitter mention the index over the past few months. The DXY is an index that measures the performance of the U.S. dollar against a basket of six major currencies – heavily weighted towards the euro but also including the Japanese Yen, British pound, Canadian dollar, Swedish krona and Swiss franc. This year the index reached highs unseen for the past 20 years, so we thought we'd take a closer ...
WTF is the DXY and Why is it Reaching New Heights?
What the heck is the DXY? You might be asking yourself after seeing pundits on fintwit or crypto twitter mention the index over the past few months. The DXY is an index that measures the performance of the U.S. dollar against a basket of six major currencies – heavily weighted towards the euro but also including the Japanese Yen, British pound, Canadian dollar, Swedish krona and Swiss franc. This year the index reached highs unseen for the past 20 years, so we thought we'd take a closer ...
Why Self-Custody Should Be the Default in Crypto
I never thought the trigger to me writing this article would be Kanye West having his bank account closed. In recent years, events like Kanye’s have become more common in mainstream circles. Only last week PayPal added a clause that they can take up to $2500 from your account if they disagree with something you say online. Last year the Canadian government froze the bank accounts of protesters fighting for medical choice and the right to put food on the table. This has drawn the usual crowd r...
Why Self-Custody Should Be the Default in Crypto
I never thought the trigger to me writing this article would be Kanye West having his bank account closed. In recent years, events like Kanye’s have become more common in mainstream circles. Only last week PayPal added a clause that they can take up to $2500 from your account if they disagree with something you say online. Last year the Canadian government froze the bank accounts of protesters fighting for medical choice and the right to put food on the table. This has drawn the usual crowd r...
The Dollar Milkshake Theory and What it Means for Crypto
If you’ve been following financial markets throughout 2022, it's been impossible to miss the US dollar’s parabolic rise against other fiat currencies. At the time of writing, the DXY which tracks the US dollar against a basket of other fiat currencies is above 113, the highest it's been in over 20 years. This has led to many pundits discussing the Dollar Milkshake theory and whether or not we are seeing it play out. But what do milkshakes have to do with dollars and why are crypto a...
The Dollar Milkshake Theory and What it Means for Crypto
If you’ve been following financial markets throughout 2022, it's been impossible to miss the US dollar’s parabolic rise against other fiat currencies. At the time of writing, the DXY which tracks the US dollar against a basket of other fiat currencies is above 113, the highest it's been in over 20 years. This has led to many pundits discussing the Dollar Milkshake theory and whether or not we are seeing it play out. But what do milkshakes have to do with dollars and why are crypto a...
Hyperdollarization and the Path to Decentralized Currency
When I first got introduced to crypto, the tale of Zimbabwe and hyperinflation was told almost religiously to initiate newcomers into Bitcoin and decentralized money. Coincidentally timed perfectly with the birth of Bitcoin, the nation in Southern Africa went through a period of hyperinflation between 2007 and 2009 where inflation peaked at 89.7 sextillion (10^21) percent and the local currency was abandoned in favour of the US dollar. While a cautious tale, the story of Zimbabwe still felt r...
Hyperdollarization and the Path to Decentralized Currency
When I first got introduced to crypto, the tale of Zimbabwe and hyperinflation was told almost religiously to initiate newcomers into Bitcoin and decentralized money. Coincidentally timed perfectly with the birth of Bitcoin, the nation in Southern Africa went through a period of hyperinflation between 2007 and 2009 where inflation peaked at 89.7 sextillion (10^21) percent and the local currency was abandoned in favour of the US dollar. While a cautious tale, the story of Zimbabwe still felt r...
An Ode to Anchor
The Terra UST fiasco makes me so bullish on the future of Minke. First off if you’re reading this and you have savings in your Minke wallet - your money is safe and has never gone near the Terra Luna ecosystem. You will continue to earn yield as normal. Since we started Minke we’ve been asked why we don’t offer access to Anchor or how we’ll be competitive with centralized apps that source their yields from it. Let me explain why we chose not to. At Minke our core value is transparency, it’s w...
An Ode to Anchor
The Terra UST fiasco makes me so bullish on the future of Minke. First off if you’re reading this and you have savings in your Minke wallet - your money is safe and has never gone near the Terra Luna ecosystem. You will continue to earn yield as normal. Since we started Minke we’ve been asked why we don’t offer access to Anchor or how we’ll be competitive with centralized apps that source their yields from it. Let me explain why we chose not to. At Minke our core value is transparency, it’s w...
