EPISODE · May 20, 2026 · 29 MIN
Tori: Tokenizing 15% Yield From Institutional FX Markets, Uncorrelated With Crypto | DeFi Frontier
from The Edge Podcast · host DeFi Dad
Samed Düzçay is the Founder of Tori.DeFi yields often collapse in bear markets because they recycle crypto-native capital. But Tori generates yield from somewhere else entirely.In this episode, Sam explains how Tori brings institutional FX carry trades onchain, borrowing in low-rate currencies, lending in high-rate emerging market currencies, and hedging the FX exposure fully back to USD. The spread that remains after hedging is 8-15% yield, generated from real economic activity in global money markets, completely uncorrelated with crypto cycles. Tori is expected to launch in May so we're getting a jumpstart with this episode of DeFi Frontier to learn more.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro1:50 - Sam’s background4:05 - What is Tori? Institutional FX carry trades onchain5:13 - Why DeFi yields are falling short of investor expectations11:23 - How Tori strategies earn yield14:35 - Capacity to scale the Tori trade and estimated yields16:46 - Two-token model: trUSD vs strUSD17:27 - Coming DeFi integrations for Tori19:14 - Risks to using Tori26:39 - Expected launch time for Tori27:26 - Closing------🔗 GUEST LINKS► Tori website: https://tori.finance/► Tori on X: https://x.com/tori_finance► Sam on X: https://x.com/0xNox_eth------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.
What this episode covers
Samed Düzçay is the Founder of Tori.DeFi yields often collapse in bear markets because they recycle crypto-native capital. But Tori generates yield from somewhere else entirely.In this episode, Sam explains how Tori brings institutional FX carry trades onchain, borrowing in low-rate currencies, lending in high-rate emerging market currencies, and hedging the FX exposure fully back to USD. The spread that remains after hedging is 8-15% yield, generated from real economic activity in global money markets, completely uncorrelated with crypto cycles. Tori is expected to launch in May so we're getting a jumpstart with this episode of DeFi Frontier to learn more.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro1:50 - Sam’s background4:05 - What is Tori? Institutional FX carry trades onchain5:13 - Why DeFi yields are falling short of investor expectations11:23 - How Tori strategies earn yield14:35 - Capacity to scale the Tori trade and estimated yields16:46 - Two-token model: trUSD vs strUSD17:27 - Coming DeFi integrations for Tori19:14 - Risks to using Tori26:39 - Expected launch time for Tori27:26 - Closing------🔗 GUEST LINKS► Tori website: https://tori.finance/► Tori on X: https://x.com/tori_finance► Sam on X: https://x.com/0xNox_eth------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.
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Tori: Tokenizing 15% Yield From Institutional FX Markets, Uncorrelated With Crypto | DeFi Frontier
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