Observed arrival · 2026-09-29
KIMP proposes a market for Korea’s kimchi premium
Credibility concern recorded. The source reference remains available for verification and correction.
A GIWA Chain project that proposes an on-chain index for the price gap between Upbit’s won prices and global dollar prices, with weekly contracts and a liquidity pool.
- For
- Korean crypto traders and premium-hedging arbitrageurs
- Worth noticing
- The stated index formula converts Upbit KRW prices using an ECB USD/KRW reference rate, then compares them with a median of global venues.
Field notes
The page defines the premium as the Upbit KRW price converted to USD compared with a global USD price. Its chart description specifies daily closes at 00:00 UTC, an ECB USD/KRW reference rate interpolated between fixings, and a median across Binance, Coinbase, and OKX; current figures are labeled an off-chain preview. The proposed contracts settle Fridays at 08:00 UTC against a one-hour TWAP, while the pool is described as having per-asset caps and skew-sensitive fees.
Observed signals
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Editorial observations of this landing page, not a rating.
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