> For the complete documentation index, see [llms.txt](https://docs.openleverage.finance/main/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.openleverage.finance/main/product/liquiadtion.md).
# Liquidation
The OpenLeverage protocol utilizes smart contracts for liquidating positions. Unlike a traditional centralized exchange, which performs the liquidations, the OpenLeverage protocol is open to all community members to compete to liquidate positions that have fallen short on necessary collateral. By completing a liquidation, the community member will receive $OLE rewards.
When the margin balance in the position is lower than the maintenance level, the position will be available to liquidate. Anyone can call the clearance smart contract to initiate liquidation of the position with insufficient margin. The remainder of the liquidation position will be traded back to the mortgage assets on the DEX and returned to the lenders.
Under the "**Three-dot**" menu, select "**Liquidation**" to see all available positions. If any position is available for liquidation, a button "**Mark Liquidating**" will become available. Click "**Mark Liquidating**" to call the smart contract, and the position status will then show "**Liquidate**." This is a two-step process to avoid flash loan attacks.
---
# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.
## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:
```
GET https://docs.openleverage.finance/main/product/liquiadtion.md?ask=&goal=
```
`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.