Where and How to Earn Optimism (OP)

Introduction

Lending Optimism can be an excellent choice for individuals looking to hold OP while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Optimism (OP) Tokens

   To lend Optimism, you must first possess it. To acquire Optimism, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

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

   View all 45 prices

2. 2. Select a Optimism lending platform

   Once you have OP, you'll need to select a Optimism lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Aave	Optimism (OP)	Up to 0.07% APY
   Bitget	Optimism (OP)	Up to 1.2% APY
   CEX.io	Optimism (OP)	Up to 1.5% APY

   View all 9 loan interest rates

3. 3. Earn Optimism

   Once you've selected a platform to earn your Optimism, transfer your Optimism into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks