Home/Learn/Cheoma Vaults Explained: Combined, Sukuk & The Well
Cheoma Vaults Explained: Combined, Sukuk & The Well
Two yield vaults, one faucet. Here's every number that matters — APR targets, minimums, fees, and caps — plus how to test everything for free.
Cheoma Learn·6 min read·Aug 7, 2026
~13% APR target
$50 min
1% entry / 1% exit
01 — The lineup
Two vaults, one house
Combined Vault
99% sukuk · 1% event contracts
GCC sukuk core plus a market-neutral event-contract sleeve. ~13% APR target, $50 min, $2M+ capacity.
Sukuk Vault
100% GCC bonds
Sovereign and corporate GCC sukuk only. ~5-8% APR target, $50 min, $2M+ capacity.
The Well
Testnet faucet
10K USDC per day per address, free, 24h cooldown. Testnet only — for trying deposits and referrals.
02 — The numbers
Minimums, fees, and capacity
Minimum deposit (both vaults)$50
Entry fee1%
Exit fee1%
Capacity$2M+ per vault, scales with deployments
AssetUSDC
APR target~13% Combined · ~5-8% Sukuk (estimate)
Fees are how the protocol sustains itself: 10% of entry/exit fees go to the referral NFT holder who brought the depositor in, and 90% flow to The Gotgan treasury.
03 — The engines
Where the yield comes from
The Combined Vault blends two engines: GCC sukuk bonds (99% — sovereign and corporate, income-producing, low correlation to crypto) and a market-neutral event-contract sleeve (1% — both sides booked, profiting from volatility rather than direction).
The Sukuk Vault is the pure version: 100% GCC sovereign and corporate sukuk, no event-contract sleeve.
The APR is an estimate, not a guarantee — it scales with deployments and market conditions. Read the mechanics of the core asset in What Are GCC Sukuk?.
04 — Try it free
The Well faucet
Cheoma is live on GIWA Sepolia testnet, and The Well grants 10K free USDC per day per address (24-hour cooldown). That means anyone can test the full deposit flow — vaults, referral NFTs, points — with zero cost before mainnet launch. Production deposits open on GIWA mainnet.
FAQ — Frequently asked questions
What is the minimum deposit on Cheoma?
Both the Combined Vault and the Sukuk Vault have a $50 minimum deposit. The Well faucet is free — it grants 10K testnet USDC per day per address.
What fees does Cheoma charge?
Cheoma charges 1% entry and 1% exit fees on vault deposits. 10% of fees go to the referral NFT holder who brought the depositor in; 90% flow to The Gotgan treasury.
What is the Combined Vault?
The Combined Vault targets ~13% APR with 99% allocated to GCC sukuk bonds and 1% to a market-neutral event-contract sleeve — both sides booked, profiting from volatility rather than direction.
Is the ~13% APR guaranteed?
No. It's an estimate that scales with deployments and market conditions — not a guaranteed return. The sukuk sleeve's 4-7% APY is a design objective, not a promise.
How do I test Cheoma before mainnet?
Connect to GIWA Sepolia testnet and claim free USDC from The Well faucet (10K per day per address, 24h cooldown). Then deposits, vaults, referrals, and points can all be tested at no cost.
Enter the Gate
Claim free testnet USDC from The Well and try the full vault flow — no purchase required.
Enter the Gate →