Cheoma (처마) is the yield layer of GIWA Chain. It runs USDC vaults, a free testnet faucet, referral NFTs, and a treasury that buys back its own token. Here's the whole house, room by room.
In traditional Korean architecture, the 처마 (cheoma) is the roof eaves — the part of a hanok that extends past the walls to shelter everything beneath it from rain, sun, and wind. The whole structure is protected by the part that sticks out farthest.
Cheoma the protocol borrows the metaphor: a layer that shelters capital while the rest of the structure works. Deposits come in, they're put to work across income-generating strategies, and the fees generated flow back into a storehouse that compounds the protocol's own strength.
Cheoma sits on GIWA Chain — an OP-stack Layer 2 built by Upbit and Dunamu, Korea's largest exchange. That choice matters for three reasons:
Cheoma currently offers two yield vaults plus a faucet:
GCC sukuk core with a market-neutral event-contract sleeve. Targets ~13% APR. $50 min, 1%/1% fees.
Sukuk-only allocation across the GCC. Targets ~5-8% APR. $50 min, 1%/1% fees.
10K USDC per day per address, 24-hour cooldown. Free — for testing deposits, vaults, and referrals.
Full breakdown of minimums, fees, and caps: Cheoma Vaults Explained.
90% of all entry and exit fees flow into The Gotgan — the storehouse. It accumulates from testnet through mainnet. At CHEOMA token launch, 100% of the storehouse is deployed to market-buy the token. After launch, it keeps operating as a permanent bid under the token.
Fee-funded only — no team allocation, no investor unlock inside. The storehouse never empties; it only grows fuller. Details: The Gotgan guide.
Cheoma runs a points program that feeds airdrop allocation at launch. Points come from social actions and from on-chain deposits, and referral NFTs let users earn a share of fees from people they bring in. The full mechanics: Points, Referrals & the Leaderboard.
Try the vaults on GIWA Sepolia testnet — free USDC from The Well faucet, no purchase required.
Enter the Gate →