> ## Documentation Index > Fetch the complete documentation index at: https://docs.railnet.org/llms.txt > Use this file to discover all available pages before exploring further. # Distribute yield > Build your own yield experience with Conduits — one integration for fees, compliance, branding, and access to every strategy on the network A Conduit is how you build a unique earn experience for your users. They deposit, earn, and withdraw — without tracking async settlement states, managing cooldown periods, or dealing with protocol-specific flows. Keepers handle all of that behind the scenes, so deposits and withdrawals just work. One API gives you real-time positions, performance, and fee reporting across everything your Conduit connects to. Behind a single Conduit, you can connect to an allocation strategy that composes multiple yield sources, an advanced strategy running its own execution logic, or a single yield source directly. Compose these building blocks into something no one else offers — that's the experience your users see, not the protocols underneath. You set the fees, compliance rules, and branding. Want different pricing for different customer segments? Deploy a Conduit for your standard plan and another for your premium tier with lower fees and exclusive access — both backed by the same strategy, same liquidity. ## Who builds with Conduits Exchanges, neobanks, wallets, and fintechs use Conduits to add yield to their product. Deploy a Conduit with your own fee structure, KYC rules, and branded receipt token — your users see an "Earn" button, not a DeFi protocol. One integration gives you access to every strategy on the network. An AM with a sales team uses Conduits as distribution channels. Deploy one strategy, then create a Conduit for each platform or client segment — each with its own fees, compliance rules, and access control. Scale distribution without redeploying the same strategy. Offer multiple risk profiles — conservative, balanced, aggressive — each pointing at a different strategy. One Conduit per product, each with its own receipt token, compliance rules, and fee structure. One integration, multiple offerings. ## What you configure | Control | What it means | | ------------------------ | ------------------------------------------------------------------------------------------------------------- | | **Fee structure** | Management, performance, deposit, and redeem fees — all configurable with immutable caps | | **Revenue distribution** | Split collected fees among any combination of recipients — your platform treasury, partners, a DAO, or others | | **Compliance** | Allowlists, blocklists, and sanctions oracle integration via AccountList | | **Transfer policy** | Permissionless transfers, restricted to approved accounts, or mint-and-burn only | | **Receipt token** | Your Conduit issues its own ERC20 receipt token with a custom name and symbol | ## Two paths to a Conduit Point your Conduit at a managed strategy that allocates across multiple yield sources. You get diversification without operating the strategy yourself. Deploy a strategy you own, set the guardrails (authorized sources, fee caps, risk limits), and delegate day-to-day management to an asset manager. ## What you get One integration covers all current and future yield sources — Aave, Compound, Morpho, Ethena, and more. The Conduit abstracts away protocol-specific complexity. Each Conduit has its own fee structure (management, performance, deposit, redeem). Revenue is attributed per-Conduit, enabling custom rev-share arrangements. AccountList-based access control with allowlists, blocklists, and sanctions oracle integration. Transfer policies govern receipt token transferability. Keepers automatically settle async operations. Users never need to return to manually claim after cooldown periods — deposits and withdrawals just work. Real-time portfolio data through GraphQL — positions, performance, fee accrual, and transaction history. Your Conduit issues its own ERC20 receipt token with a custom name and symbol. Users hold your token, not the underlying strategy's. ## Guides Deploy your first Conduit in minutes. Select an existing strategy or deploy the infrastructure for a bespoke one. Define guardrails and delegate operations to an asset manager. Set fee structures and revenue distribution for your Conduit. Configure whitelisting, KYC gating, and role-based permissions. Let users deposit, view balances, and withdraw through your Conduit.