> For the complete documentation index, see [llms.txt](https://docs.cadmos.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cadmos.finance/administration-platform/pool-management/liquidation.md).

# Liquidation

**Liquidation** is used to close down Pool operations in an orderly fashion and allow investors to directly withdraw their investment.

## Entering liquidation

The Pool can be placed in liquidation at any time  via the **'Other Actions'** panel.

**Note**: Caller needs to be cleared for the FLAG\_LIQUIDATION privilege.

**Note**: This cannot be reversed.

## Consequences of liquidation

When in liquidation:

* The Pool cannot accept any new deposit
* No transfer can be made anymore to the **PoolTreasury**.
* All rewards are set to 0, including the burn reward.
* Investors may directly withdraw from the Pool at NAV by calling the `liquidate()` method

## Withdrawing during liquidation

Any investor may directly withdraw from the Pool when it is in liquidation. This can be done by calling `liquidate()` on the relevant [InvestmentPoolCore ](broken://pages/KvY7HAbcQYp9KIU4dMLV)smart contract.

**Note:** When in Liquidation, the [OutflowPool ](broken://pages/3a7s62TEXYMWARyiN5p2)contract cannot be used to withdraw anymore.


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