Where and How to Stake Optimism (OP)

Introduction

Staking Optimism can be a great choice for those who want to hold OP but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Optimism (OP) Tokens

   To stake Optimism, you need to have it. To obtain Optimism, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Nexo	Optimism (OP)	0.75
   Uphold	Optimism (OP)	0.62
   YouHodler	Optimism (OP)	0.63
   OKX	Optimism (OP)	0.62
   Binance	Optimism (OP)	0.62
   BTSE	Optimism (OP)	0.62

   See all 44 prices

2. 2. Select a Optimism Wallet

   Once you have OP, you’ll need to choose a Optimism wallet to store your tokens. Here are some good options.

3. 3. Delegate Your OP

   We recommend using a staking pool when staking OP. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OP, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Optimism network. You'll be rewarded with OP for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.