How to Lend Optimism (OP) in the cryptocurrency market

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. Lend Your Optimism for attractive APY returns

   After selecting a platform to lend your Optimism, transfer your Optimism into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

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 higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks