In a large mixing bowl, combine the flour, instant yeast, and salt.
Add the warm water to the dry ingredients and stir with a wooden spoon until a shaggy dough forms.
Fold in the shredded cheddar cheese evenly throughout the dough.
Cover the bowl tightly with plastic wrap or a clean kitchen towel and let it rest at room temperature for 4 to 5 hours, or until the dough has doubled in size and is bubbly.
Preheat your oven to 450°F (230°C). Place a heavy covered Dutch oven or oven-safe pot with a lid inside the oven to heat for 30 minutes.
Carefully remove the hot Dutch oven from the oven. Lightly flour a work surface and turn the dough out onto it.
Shape the dough gently into a round loaf by folding the edges toward the center.
Place the dough seam side down onto a piece of parchment paper.
Using the parchment paper, transfer the dough into the hot Dutch oven. Cover with the lid and bake for 30 minutes.
Remove the lid and bake for an additional 15 minutes, or until the bread is golden brown and crusty.
Remove the bread from the oven and transfer it to a wire rack to cool completely before slicing.