
Tori: Tokenizing 15% Yield From Institutional FX Markets, Uncorrelated With Crypto | DeFi Frontier
From The Edge Podcast by DeFi Dad
May 20, 2026 · 29 min · Episode 231
About this episode
Samed Düzçay discusses how Tori generates yield from institutional FX markets, uncorrelated with crypto cycles.
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 🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets 🟠 APYX | The first dividend-backed stablecoin (DBS) 🏦 ALTURA | Bringing the yield institutions kept, to your wallet 🕛 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 ------ ⏱️ TIMESTAMPS 0:00…
People in this episode
Host: DeFi Dad
Guest: Samed Düzçay
Topics covered
- DeFi
- yield generation
- institutional FX markets
- crypto uncorrelation
- Tori
- financial strategies
Keywords
- Tori
- DeFi yields
- FX carry trades
- institutional finance
- crypto cycles
- yield generation
- emerging markets
Sponsors
KPK, MAINSTREET, APYX, ALTURA, NOON, MANTLE, PUFFER INSTITUTIONAL, KATANA
Mentioned in this episode
Organizations: Tori
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