CheomaYield
Stablecoin vaults advertising a fixed yield from Gulf sukuk bonds; live deposits are on Base, Sonic and other chains, GIWA is testnet only
As its name (cheoma, the eaves of a Korean roof) suggests, it pitches itself as a stablecoin yield layer that shelters assets under GIWA. It says the yield comes mainly from sukuk (Islamic bonds) issued by Gulf (GCC) governments and companies, with a smaller sleeve in market-neutral event contracts. Each vault has its annual rate fixed in the contract, and depositors receive a receipt token.
According to its docs (checked 2026-09-24), the vaults taking real stablecoin deposits are not on GIWA but on other chains: Base (USDC, a 90-day lock per deposit), Sonic (USDC and bnUSD, withdrawals gated until GIWA mainnet) and Robinhood Chain (USDG, a partner vault with GIWA MARKETS). The docs call the 52 to 56% rates small, time-limited promotional rates and put the fixed rate of the mainnet product at 13%. On 2026-09-24 the Base vault's receipt token had a supply of about 7,900 across 4 holders.
On GIWA, a Sepolia testnet app hands out test USDC to try the vaults. It says it will airdrop a CHEOMA token (100 million supply) at launch, carry deposit and referral points over to mainnet, and route 90% of protocol revenue into buying back the token.
Description from: cheomayield.xyz · cheomayield.gitbook.io ↗ · the project's own description
Note: The GASOK claim is one line in the X bio ('Backed by GIWA's GASOK Program'), with no post announcing a selection; a third-party post on 2026-08-13, the day before results, listed it as a public applicant. The rates are the team's advertised figures, not verified returns. What it called 'live on GIWA' on X is a testnet app using test USDC, and the 'GIWA' bond token in the Robinhood Chain vault is not the GIWA chain's official token.
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The project's own Open Graph image and text.
About on X
@CheomaYield_xyzYield layer on @GIWA_by_Upbit Backed by GIWA's GASOK Program RWA + market-neutral vaults Wave 1 pre-deposit live → https://t.co/JYIi9JyGxX
- Followers
- 1.22K
- Following
- 3
- Posts
- 74
GASOK Phase 3
- Status
- Selected
- Evidence tier
- Self-announced
- Evidence
- View source ↗
Based on a public statement by the project itself or a credible third party. GIWA has never published an official roster. Phase 3 is also an ongoing stage, so this means admission to it rather than completion.
What is GASOK Phase 3?
GASOK is Dunamu and Upbit's builder program for GIWA, an incubation running seven months or more. Phase 3 (Aug–Nov 2026) is the "market readiness & launch" stage, aiming at testnet user metrics and a private mainnet deployment. There are five tracks: DeFi/RWA, Consumer/Social, GIWA-Native, AI/Web3, and Mass Adoption.
What teams admitted to GASOK Phase 3 receive
- Engineering and productization support from the GIWA team, plus industry advisors
- Seoul office space if needed, and press and media support
- A shot at the KBW 2026 Showcase (the top team in each track, five in all)
- A $20K grant if picked at the Finalist Demo Day (date not yet announced), then up to $80K more tied to KPIs
The GASOK claim is one line in the X bio ('Backed by GIWA's GASOK Program'), with no post announcing a selection; a third-party post on 2026-08-13, the day before results, listed it as a public applicant. The rates are the team's advertised figures, not verified returns. What it called 'live on GIWA' on X is a testnet app using test USDC, and the 'GIWA' bond token in the Robinhood Chain vault is not the GIWA chain's official token.
Latest updates
Don't wait for the TVL chart to go vertical By then it's too late to be early Cheoma pre-deposit vaults are live right now on @GIWA_by_Upbit Early depositors earn first Late depositors earn less https://t.co/MXSdTanAuz https://t.co/mlqTCHPyMx
Staked LP that falls out of range earns nothing. It just sits there — still locked, while the fees go elsewhere. Cheoma × Raphael Exchange. The LP Optimizer. Positions keep earning RAPH or USDG, even when they're out of range. https://t.co/9pTQydkIhV https://t.co/VN2maPtosj
In the next few days and weeks, we will have major announcements regarding security and transparency.
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