What is iA Borrow?

iA Borrow (inshAllah Borrow), is the first true zero-interest lending protocol. iA Borrow introduced a new DeFi primitive. Users can borrow against their iASOL and mint iAUSD stablecoin. The primary distinction lies in a simple fact: There is no fees to mint/burn iAUSD and there is no interest while holding it.

iA Borrow's accepts iASOL as collateral. iASOL is InshAllah's Solana staking LST that is minted for staking SOL with InshAllah. SOL and other Solana LSTs collateral will be supported in the future.

In iA Borrow, users borrow InshAllah's stablecoin iAUSD. The minted iAUSD receives a portion of the iASOL staking yield. Users who retain their iAUSD continue to earn the full staking yield. When users swap their iAUSD for SOL, USDC, or any other asset. The iAUSD's share of the yield becomes the property of the new iAUSD owner from the moment of such exchange.