Leverage & loop without interest
Long SOL upside, while earning 20%+ staking yield. All for 30%+ cheaper than competitors. Here's how.
Introduction
Leverage longing a Solana LST is an easy way to bring juicy returns on SOL gains and staking APY. Platforms like Kamino, MarginFi and Sollend allow you to 2X long JitoSOL.
iABorrow brings a new, more profitable paradigm to the game. By hyper-optimizing looping on one of the top LSTs (iASOL) by staking APY, you can take home more profit while operating less downside risk.
Let's look at an example where a user leverage longs any competitive SOL LST. All numbers assume a 10% SOL staking APY:
iABorrow
2.4X
3.75%*
21.2%
0.2%
Kamino
2.4X
8%
16%
2-10%
*iABorrow does not actually charge anything on borrowing. However, a portion of your LST staking yield is given away. For details on iABorrow, read our litepaper.
How good is it?
How good is this new paradigm? Leveraging 1 iASOL @ 2.4X from April 15 to May 25, 2025 you'd be $91.20 in the green plus 21.2% APY staking returns.
Of course this is just a recent example on how iABorrow can be used. NFA & do your own research on what makes the best investment sense for you.
How to Leverage
[The process is far faster at this stage of the alpha if you have us on a call. Just DM us @inshallahnetwork on Telegram and we'll hop on a quick call with you ASAP.]
Leverage longing an LST happens in 4 simple steps.
1. Open a borrow position on InshAllah
If you're a whitelisted user in your alpha, connect your whitelisted wallet and you'll be taken directly to the main Borrow page. In order to max out the leverage at 2.5X, you'll need to use the Max (60% LTV) button on every borrow loop.
2. Swap iAUSD to USDC
Go to the Swap iAUSD page and swap your iAUSD for USDC. If you're on a call with us (DM us @inshallahnetwork to schedule a quick one) this process will take seconds. If not it can take up to 12 hours to execute the swap.
3. Swap USDC for more iASOL
USDC should come straight to your whitelisted wallet after step 3.
Use Jupiter or similar to swap your USDC directly for more iASOL.
4. Repeat on Dashboard page
Back in the iABorrow, head to the Dasbhoard page to add more collateral to your position and then hit "Borrow more."
To effectively reach 2.4X leverage, you need about 5-6 loops.
Downsides & Risks
There are admittedly a few downsides to how iABorrow operates today.
Leveraging is a very manual process.
There's no clear "leverage" slider where you can set your leverage on a SOL LST and forget the rest.
Swapping for more iASOL takes time.
In addition to the manual process because our OTC swap is currently run as a managed process, it can take up to 12 hours for each step in the leverage process.
However, to speed this up, BEFORE you open a position, away message @inshallahnetwork on Telegram, wait for our team to hop on a call and we can make this a matter of minutes.
No partial liquidations & liquidations take time.
Since iABorrow does not charge any liquidation penalties besides DEX fees, this is the biggest downside risk. In the current alpha iABorrow product is if there's a flash crash, your position can be fully liquidated. However, because our OTC swap is currently a managed process, unwinding your position from iASOL ⇒ USDC ⇒ iAUSD ⇒ Repay Loan can take time.
Once again, we can speed up this process if you message @inshallahnetwork on Telegram and our team hops on a call.
Improvements on the Roadmap
We have several improvements in the pipeline that should speed up this process.
OTC auto-execution (coming in 2-3 weeks)
We plan to add auto-execution for our OTC exchange soon so that you can get instant liquidity for your iAUSD to USDC swaps without having to hop on a call with us.
AMM pools for iAUSD (1 month)
We plan to add AMM pool for iAUSD in places like Meteora that will make the swap process completely permissionless and so you can go directly from iAUSD to iASOL via an aggregator like Jupiter.
Dedicated looping frontend (1-2 months)
We'll have a dedicated looping frontend where you can set a leverage range, click long and forget the rest.
If you think we're missing anything, tweet us @inshallahfi or DM us on TG @inshallahnetwork.
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