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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

Platforms

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.

Asset managers

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.

Custodians

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

ControlWhat it means
Fee structureManagement, performance, deposit, and redeem fees — all configurable with immutable caps
Revenue distributionSplit collected fees among any combination of recipients — your platform treasury, partners, a DAO, or others
ComplianceAllowlists, blocklists, and sanctions oracle integration via AccountList
Transfer policyPermissionless transfers, restricted to approved accounts, or mint-and-burn only
Receipt tokenYour Conduit issues its own ERC20 receipt token with a custom name and symbol

Two paths to a Conduit

Use an existing strategy

Point your Conduit at a managed strategy that allocates across multiple yield sources. You get diversification without operating the strategy yourself.

Mandate a bespoke strategy

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

Unified interface

One integration covers all current and future yield sources — Aave, Compound, Morpho, Ethena, and more. The Conduit abstracts away protocol-specific complexity.

Custom fees and attribution

Each Conduit has its own fee structure (management, performance, deposit, redeem). Revenue is attributed per-Conduit, enabling custom rev-share arrangements.

Institutional controls

AccountList-based access control with allowlists, blocklists, and sanctions oracle integration. Transfer policies govern receipt token transferability.

Automated operations

Keepers automatically settle async operations. Users never need to return to manually claim after cooldown periods — deposits and withdrawals just work.

Full transparency

Real-time portfolio data through GraphQL — positions, performance, fee accrual, and transaction history.

Branded receipt token

Your Conduit issues its own ERC20 receipt token with a custom name and symbol. Users hold your token, not the underlying strategy’s.

Guides

Quick start

Deploy your first Conduit in minutes.

Use a strategy

Select an existing strategy or deploy the infrastructure for a bespoke one.

Mandate a strategy

Define guardrails and delegate operations to an asset manager.

Configure fees & revenue

Set fee structures and revenue distribution for your Conduit.

Compliance & access control

Configure whitelisting, KYC gating, and role-based permissions.

Deposits & withdrawals

Let users deposit, view balances, and withdraw through your Conduit.