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.
- 1.Go to "my potions"
- 2.Connect your wallet
- 3.Select the potion you want to exercise, and click Exercise
- 4.Select quantity
- 5.Verify that current asset price is correct, or insert manually
- 6.Verify the premium calculated is correct, or insert manually
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.