Comparison with Kamino

Kamino is one of the largest lending protocols on Solana. iA Borrow outperforms Kamino in terms of borrowing cost in addition to it's main value proposition of being completely Halal.

To have a clear comparison with Kamino, let's compare a lending position of 100 SOL in InshAllah Lending versus Kamino. For this analysis, we assume a SOL price of $100, a loan amount of 5000 USDC (for Kamino). For iA Borrow, we assume a loan amount of 5000 iAUSD and assume the iAUSD was converted to 5000 USDC for an apples-to-apples comparison

	iA Borrow	Kamino
Collateral	100 SOL	100 SOL
Loan	5000 iAUDS -> 5000 USDC	5000 USDC
Interest paid (Annual)	0 USDC	600 USDC = 6 SOL ( ~ 12% avg borrow APY)
Collateral Yield	8 SOL ( ~ 8% avg staking APY)	4 SOL ( ~ 4% avg supply APY)
Cost of iAUSD -> USDC conversion	~ 2.66 SOL (share of iAUSD yield share)	-
	5.33 SOL	-2 SOL

iA Borrow overperforms Kamino by ~ 7.3% APY meaning borrowers save significant money by using iA Borrow to borrow stablecoins agianst the SOL collateral

Kamino's SOL supply APY (Source: DeFiLlama)

Kamino’s USDC borrow rate (Source: DeFiLlama)

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