Took us a while to realize we’d built a new type of vault.
Most vaults are curated by a single manager.
Sowellian vaults work differently.
A community first votes on the asset management framework: what can be traded, how much risk can be taken, and under what rules.
Then, instead of appointing one manager, a conviction market determines who gets to deploy capital inside that framework.
The people making those decisions are our Riders.
Communities including
@MonkeDAO,
@ownedfund and
@islanddao have already traded more than $1M of value through these vaults.
Riders have earned more than $25,000 for managing them.
And some vaults are up as much as 30%.
Community-governed rules.
Market-selected managers.
Capital managed by whoever is willing to put conviction behind their decisions.
A new kind of vault, built on
@Solana.