# SIP-0028: Add SOV as collateral for borrowing **URL:** \ **Category:** SIP | Sovryn Improvement Proposals\ **Created:** [September 3, 2021, 2:54pm UTC](https://forum.sovryn.com/t/sip-0028-add-sov-as-collateral-for-borrowing/1651 "2021-09-03T14:54:50Z")\ **Posts on this page:** 1\ **Showing post:** 13
**Author:** ![exiledsurfer](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.sovryn.com/exiledsurfer/32/260_2.png) [@exiledsurfer](https://forum.sovryn.com/u/exiledsurfer)\ **Post date:** [September 6, 2021, 11:26am UTC](https://forum.sovryn.com/t/sip-0028-add-sov-as-collateral-for-borrowing/1651/13 "2021-09-06T11:26:51Z")
follow the thread on this topic that started here: > [@Adding SOV as a Collateral Type in Sovryn?](https://forum.sovryn.com/t/adding-sov-as-a-collateral-type-in-sovryn/682): > > Collateral in Sovryn: Types and Uses One of the powerful features of Sovryn is the ability to borrow against your (crypto)assets. This allows users to gain liquidity without ever having to sell - which means you can hold your assets long term, benefit from long term HODLing, and still pay rent, trade and go on a well deserved vacation. This also has the benefit of being extremely tax efficient. If you don’t sell, there are no capital gains taxes to pay off. In many jurisdictions, debt repaymen… --- _[View the full topic](https://forum.sovryn.com/t/sip-0028-add-sov-as-collateral-for-borrowing/1651)._