Island Capital Opens Deposits — Here's What You Need to Know @islanddao just opened deposits to its closed-end fund Island Capital. Let's break down what it is and how the raise is going so far. What Is Island Capital? Island Capital is a closed-end investment fund built on Solana that uses "Sowellian Governance" — a prediction-market-style decision-making system where proposers stake bonds on investment ideas and voters signal conviction by committing capital, with rewards determined by measurable KPI outcomes. The fund's capital unlocks gradually (16.67% monthly over six months) to enforce disciplined deployment, and all operations — streaming, voting, treasury management — run transparently on-chain through the @realmsdaos toolkit. Governance is split into two layers: periodic token votes that set overarching rules, and continuous Sowellian governance for individual trade decisions between those votes. Deposit Data The deposit window runs for 10 days with a minimum raise threshold of $200K. In the first 12 hours, the fund has seen 43 deposit events totaling $38.1K. Concentration is high early on — the top three depositors account for roughly 78% of total inflows — though with over a week remaining in the window, the distribution could shift significantly.