Cheoma is a stablecoin yield protocol settled on GIWA Chain. Deposit USDC — the operator runs two proprietary engines: GCC sukuk bonds and market-neutral event contracts. Stable-only means your capital stands firm, come storm or sun.
A traditional Korean hanok has three essential spaces. So does Cheoma. Deposit your stablecoins into the eaves — the operator deploys them to Cheoma's own yield engines running GCC bond markets and market-neutral event contracts. Capital flows, profits settle on GIWA. Every block, your house grows.
Enter through the main gate. Deposit USDC into any Cheoma vault. Stablecoins only — no volatile assets pass through this threshold. The gate keeps the hanok secure.
Like the underfloor heating that warms a hanok without flame, Cheoma's engines run quietly beneath. The operator takes deposits, deploys to GCC bond positions or market-neutral event contracts, and warmth radiates upward — automatically.
Step out onto the wooden veranda whenever you wish. Withdraw anytime — no lockups, no exit fees. Your capital is always within reach, like the open-air corridor that connects every room.
One deposit flow, diversified yield underneath — currently generating up to ~13% APR. Choose the vault that fits your offering.
A hanok is only as strong as its foundation. GIWA Chain — built by Upbit and Dunamu, Korea's largest exchange — provides the bedrock. 1-second blocks, Flashblock pre-confirmations, and native oracle infrastructure that no other L2 can match.
Reliable, manipulation-resistant price data from Korea's largest exchange. Every APY calculation runs on verifiable truth — no third-party oracle risk.
Native won-denominated yield products. 50 million Koreans, one chain. The largest untapped stablecoin market in Asia.
Transactions confirmed before blocks finalize. The ondol engine sees value flowing before it settles — compounding faster than any L1 protocol.
Send to "max.up.id" instead of 0x… Mainstream UX from day one. No more hex-address anxiety for new dwellers.
Zero yield aggregators on GIWA testnet. Cheoma defines the category — the first hanok in a field where others will build later.
Every dweller can mint a referral code as an ERC-721 NFT. When someone deposits using your code, you earn a share of their fees — forever. Transferable, tradeable, perpetual.
Choose a unique code — your name, your brand, your legacy. Mint it as a Cheoma Referral NFT on GIWA. One code per address, permanently yours.
Every time a referred user deposits or withdraws from any vault, you earn 10% of their entry/exit fees — paid in USDC directly to your wallet. Cheoma keeps 90%. No expiry. No cap.
Your referral NFT is an ERC-721 token. Sell it on secondary markets. The new owner inherits the full 10% earning stream. Simple, transferable, perpetual.
Even in testnet, referrals earn. Top 10 referrers receive USDC rewards. 5 random winners drawn from the top 500 win $50 each. Earn points for referrals, social tasks, and daily engagement. All testnet points carry over to mainnet.
90% of all entry and exit fees flow into the Gotgan — a treasury that accumulates from testnet through mainnet. When CHEOMA launches, 100% of the storehouse is deployed to market-buy the token. Fee-funded only — no team allocation, no investor unlock inside. Pure buy-side pressure from day zero.
Every deposit and withdrawal through the vaults contributes. 90% of the 1% entry/exit fee flows into the storehouse. Provisions grow from testnet through mainnet launch.
At CHEOMA token launch, the storehouse's full balance is deployed to market-buy the token. It is not held, vested, or distributed. One direction: into the market.
After launch, the Gotgan continues operating — a permanent bid under the token. Every levy still feeds it. The storehouse never empties, it only grows fuller.
Airdrop at launch — testnet depositors and referrers rewarded first. The Gotgan buyback is permanent.
45% unlocked at launch · 90% of protocol fees flow to The Gotgan buyback · 100M fixed supply, no inflation
A limited allocation is reserved for early believers. Fill the form below to request access.
Deposit — 20× your points.
Wave 1 deposits earn 20× the points of testnet deposits — testnet converts at 1/10, while Wave 1 capital counts at 2×. Your deposit directly fuels your leaderboard climb.
Cheoma is live on GIWA Sepolia testnet. Be among the first dwellers under the eaves.
Under the eaves, your wealth grows.
Cheoma (처마) is a yield protocol on GIWA Chain. The name means roof eaves in Korean — the part of a hanok that shelters the house. Deposits in its vaults are put to work across GCC sukuk bonds and a market-neutral event-contract sleeve, and 90% of protocol fees flow into The Gotgan treasury, which buys back CHEOMA at launch and acts as a permanent bid afterwards.
GIWA is an OP-stack Layer 2 built by Upbit and Dunamu, Korea's largest exchange. It offers 1-second blocks, ~$0.0007 average transaction fees, a native price oracle, Flashblocks pre-confirmation speed, and a KRW stablecoin ecosystem.
Two yield vaults plus a faucet. The Combined Vault targets ~13% APR with a GCC sukuk core and a market-neutral event-contract sleeve. The Sukuk Vault targets ~5-8% APR from GCC sovereign and corporate sukuk only. The Well is a free testnet faucet granting 10K USDC per day per address for testing. Both vaults have a $50 minimum, 1% entry / 1% exit fees, and $2M+ capacity per vault.
Sukuk are sharia-compliant bonds — asset-based certificates of ownership. GCC sukuk are issued by sovereign and corporate entities across the Gulf Cooperation Council countries: UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman. They form the 99% core allocation of Cheoma's Combined Vault.
The Combined Vault is Cheoma's flagship product: ~13% APR target, 99% allocated to GCC sukuk bonds and 1% to a market-neutral event-contract sleeve — both sides booked, profiting from volatility rather than direction. Minimum deposit $50, 1% entry / 1% exit fees, $2M+ capacity per vault.
The Gotgan (곳간, storehouse) is Cheoma's treasury. 90% of all entry and exit fees flow into it. At CHEOMA token launch, 100% of the accumulated balance is deployed to market-buy the token. After launch it keeps operating as a permanent bid under the token. It is fee-funded only — no team allocation and no investor unlock inside.
Users mint an ERC-721 referral NFT with a unique code, share their link, and earn 10% of the entry and exit fees from deposits made through it. The remaining 90% flows to The Gotgan. Referral NFTs are transferable and tradeable.
Points come from social actions (joining Telegram +5, following on X +3, daily tweet +2, social referrals +3) and from on-chain deposits (3 points per unique qualifying depositor of $20+). Points determine leaderboard placement and feed airdrop allocation at launch. Wave 1 deposits earn 20× the points of testnet deposits.
CHEOMA has a fixed 100M supply with no inflation. 30% is reserved for airdrop and 45% unlocks at launch. The Gotgan buys CHEOMA from accumulated protocol fees — 90% of entry and exit fees flow into the storehouse and are deployed as a permanent market bid.
Yes — Cheoma is live on GIWA Sepolia testnet. The Well faucet grants 10K free USDC per day per address for testing deposits, vaults, and referrals. Production deposits open on GIWA mainnet at launch.