How to Earn Optimism (OP): A Comprehensive Guide for Australians

Introduction

Lending Optimism can be a great option for those who want to hold OP while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Optimism (OP) tokens
To lend Optimism, you need to possess it. To acquire Optimism, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Nexo Optimism (OP) 0.27
PrimeXBT Optimism (OP) 0.27
YouHodler Optimism (OP) 0.27
Binance Optimism (OP) 0.27
BTSE Optimism (OP) 0.27
OKX Optimism (OP) 0.72
See all 45 prices
2. Choose a Optimism lender
Once you have OP, you'll need to choose a Optimism lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Aave Optimism (OP) Up to 0.07% p.a.
Bitget Optimism (OP) Up to 1.2% p.a.
CEX.io Optimism (OP) Up to 1.5% p.a.
See all 9 lending rates
3. Earn Optimism
Once you've chosen a platform to earn your Optimism, transfer your Optimism into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Nexo	Optimism (OP)	0.27
PrimeXBT	Optimism (OP)	0.27
YouHodler	Optimism (OP)	0.27
Binance	Optimism (OP)	0.27
BTSE	Optimism (OP)	0.27
OKX	Optimism (OP)	0.72

Platform	Coin	Interest rate
Aave	Optimism (OP)	Up to 0.07% p.a.
Bitget	Optimism (OP)	Up to 1.2% p.a.
CEX.io	Optimism (OP)	Up to 1.5% p.a.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.