# Liquidation

For cryptocurrency assets linked in kind, automated liquidation procedures are of the utmost importance. This is because it must maintain decentralization and have compulsory legal effect. Liquidation procedures for various asset classes vary, and in the case of RWA tokens that have tokenized receivables, liquidation procedures for assets can be completed while maintaining decentralization through the following procedures:

<figure><img src="/files/HyvSFxbyLJgegozlW3Gh" alt=""><figcaption></figcaption></figure>

1. **RWA token open market listing**

   If the borrower does not transfer the loan principal to the changed RWA token holders (investors who purchased from the NFT open market or secured by the landing protocol) by the maturity date recorded in the RWA tokens, the RWA tokens are automatically listed in the NFT NPL market.
2. **Purchase of RWA tokens**

   The bond buyer purchases RWA tokens listed on the open market. At this time, the bond purchaser can purchase RWA tokens at a discounted price based on the pre-contracted content.
3. **Transfer of RWA token disposal amount**

   When the bond purchaser sends the purchase amount of RWA tokens to the moneypool contract, the loan for the RWA tokens is terminated at the same time as the loan repayment to the changed RWA token holders.
4. **Collection**

   The bond purchaser proceeds with the collection process by presenting the RWA token to the original real asset owner. The real asset owner must transfer the original loan receivables to the bond purchaser or pay the corresponding fiat. This can happen either off-chain or on-chain.\ <br>


---

# Agent Instructions: 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:

```
GET https://elysia.gitbook.io/elysia-whitepaper-v2.1/english-3/ecosystem/liquidation.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
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.