# Liquidation

This section describes provides a high-level overview of Anchor Protocol's Liquidations contracts.

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Even with a thorough understanding of Anchor Protocol, it is highly recommended to interact with Anchor through client channels such as the Anchor WebApp or [Anchor.js.](https://docs.anchorprotocol.com/anchor-2/developers-terra/anchor.js)
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## Smart Contracts

| Contract                                                                                                                       | Function                                                 |
| ------------------------------------------------------------------------------------------------------------------------------ | -------------------------------------------------------- |
| [Liquidation Contract \[Legacy\]](https://docs.anchorprotocol.com/anchor-2/smart-contracts/liquidations/liquidation-contract)  | OTC exchange contract for bAsset collateral liquidations |
| [Liquidation Queue Contract](https://docs.anchorprotocol.com/anchor-2/smart-contracts/liquidations/liquidation-queue-contract) | Contract for capital-efficient collateral liquidations   |