Conduit partners with regulated cryptocurrency lenders and uses decentralized finance protocols. With lending, funds are placed on platforms that generate yield from institutional borrowers. Some of the interest paid by borrowers is then shared with those who supply capital (also referred to as liquidity), paid out in stablecoins like USDC. With DeFi protocols, instead of a centralized platform, funders put value in an automated liquidity pool that collects fees for transactions and rewards the liquidity providers.