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Exercising a Potion
Exercising a potion is equivalent to cashing out the payout of your insurance. You will be able to do that if you bought a potion contract with a strike higher than current price.
The process is very simple. Head to https://potion.bonustrack.io and follow these steps.
  1. 1.
    Go to "my potions"
  2. 2.
    Connect your wallet
  3. 3.
    Select the potion you want to exercise, and click Exercise
  4. 4.
    Select quantity
  5. 5.
    Verify that current asset price is correct, or insert manually
  6. 6.
    Verify the premium calculated is correct, or insert manually
Potion auto-pricing gets info in real time from https://www.coingecko.com/en.
If you believe there is an error in the price of the asset, you are able to toggle off Auto-Price, and enter accurate pricing manually.
Most times pricing displayed should be accurate, and auto-price is recommended. It is important though to check prices in several marketplaces. Auto-price toggle can be switched-off to indicate price manually if reported price is inaccurate for any reason.
IMPORTANT: Introducing a wrong price value will result in losses for the buyer. Read more about disputes here.
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