> ## 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. # Strategies > Build a strategy once, automate operations, distribute it everywhere A strategy is a managed investment vehicle on Railnet. Each is defined with a set of allocation rules & onchain guardrails, you operate it — Railnet handles fees accounting, compliance enforcement, and distribution. Build a strategy once, track revenue from single place, and distribute it to every platform connected via [conduits](/conduits). ## Why asset managers choose Railnet Building yield strategies today means stitching together protocol integrations, accounting, policy enforcement, and distribution channels from scratch — and rebuilding it all for every distribution platform you work with. Railnet changes this: * **On-chain guardrails** — allocation rules, spending limits, and permissions are enforced at the smart contract level — transparent and verifiable by depositors, platforms, and regulators. See the [policy engine](/strategies/advanced/policy-engine) and [allocation guardrails](/strategies/allocation/guardrails) * **Automated NAV** — net asset value is computed on-chain, removing manual reconciliation. Allocation Strategies get fully automated NAV tracking; Advanced Strategies can bring their own NAV provider or use Railnet's reporting service * **Built-in distribution** — your strategy is immediately accessible to every platform on the network via [Conduits](/conduits), without bilateral integrations * **Composability** — strategies can serve as building blocks inside other strategies, enabling automated fund-of-funds construction where managed allocation and bespoke execution coexist ## Two ways to structure your strategy Pick the structure that matches your investment approach. **Design a controlled liquidity allocation layer across multiple yield sources.** An Allocation Strategy composes multiple yield sources — lending protocols, staking, RWA adapters, and Advanced Strategies — into a single managed portfolio. Operations are intent-based: you express "move capital from A to B" and the system handles routing, accounting, and settlement. No smart protocol specific expertise required, simplified operations. * **Intent-based operations** — allocate and rebalance by expressing what you want to achieve, not by crafting transactions on each protocols * **Automated Allocations Strategy** — define allocation queue to automaticly allocate user deposit and fill user withdraw on selected yield sources * **Automated NAV** — net asset value computed on-chain every in real time with no manual reconciliation * **Fee management** — configurable management, performance, deposit, and redeem with automatic accouting * **Revenue-share distribution** — split fees among multiple recipients (your treasury, partners, a DAO) **Example: Flagship Diversified USDC Lending** A multi-allocation strategy with risk-weighted rebalancing and partner revenue-share, managed by "AlphaCapital" for Platform XYZ. | Source | Allocation | Type | | ----------------- | ---------- | ---------------- | | Morpho Blue | 40% | DeFi lending | | Aave V3 | 35% | DeFi lending | | Advanced Strategy | 25% | Custom execution | Compose multiple yield sources into a managed allocation with automated routing and on-chain guardrails. **Bring any strategy onchain — from delta-neutral arbitrage to cross-chain RWA operations.** An Advanced Strategy gives you full protocol execution flexibility. You build your own logic, craft and sign transactions, and interact with any smart contract directly — lending, swaps, bridges, perpetual futures, RWA operations. Railnet wraps this with an on-chain policy engine and standardized NAV so your strategy can be distributed and composed like any other yield source. * **Advanced operations** — interact with any smart contract on any supported chain. If a protocol exists onchain, you can build a strategy around it * **Bring your own setup** — asset managers bring their own setup, automations, transaction crafting and signing infrastructure to operate the strategy * **On-chain policy engine** — contract whitelists, function permissions, and calldata-level checks, all transparent and auditable * **Standardized distribution** — despite custom execution logic, your strategy plugs works with any distribution partner * **Full composability** — serve as a standalone product or as a sub-strategy inside an Allocation Strategy **Powering strategies like** Diversified BTC yield combining onchain lending, RWA exposure, and delta-neutral funding arbitrage across DEXs and Perp DEXs. Dynamic DeFi Lending and Alloy Series blending DeFi lending, tokenized real-world assets, and private credit. Operate your strategy fully onchain with execution guardrails, and standardized NAV and simplified accounting & distribution. Both types are composable: an Advanced Strategy can serve as a sub-strategy within an Allocation Strategy, creating a fund-of-funds model. Both can be distributed to users via [Conduits](/conduits). ## Where are you starting? Start with an Advanced Strategy. Deploy a non-custodial treasury wallet with on-chain policy enforcement and execute on any protocol. Build an Allocation Strategy. Combine multiple strategies and yield sources into a managed portfolio with automated routing and real-time accounting. The platform deployed the strategy and set the guardrails. Manage allocations within the boundaries they defined. ## Guides Non-custodial custody, on-chain policy engine, and standardized NAV. Full flexibility for standalone strategy execution. How the Zodiac Roles Modifier enforces contract whitelists, function permissions, and calldata checks. Route protocol actions through the policy engine — one ABI, one extra encode step. Compose multiple yield sources into a managed allocation with automated routing and on-chain guardrails. Deploy the Allocation Strategy ecosystem — access control, fee manager, and strategy contracts — in a single transaction. Understand the trust boundary between platforms and asset managers. Manage allocations, rebalance across yield sources, and handle day-to-day operations. Evaluate yield sources, manage concentration risk, and handle emergencies.