Saute the onion in a tablespoon or two of water or stock on the sauté setting on medium or normal until they begin to soften. Then add the garlic, cumin, chili powder, and carrot. Sauté a minute more.
Add the water, soy curls, soaked beans , diced tomatoes, and green chilies to your Instant Pot. Turn off sauté and set at high pressure for 15 minutes and let the pressure release naturally. If the beans aren't soft enough at the end of that cycle, cook on high pressure for another 5 minutes.
Once the beans are done, stir in the nutritional yeast, cayenne pepper, and oregano. Then season to taste with salt and black pepper. Garnish the soy curl chili with fresh cilantro and avocado.