How to Lend Optimism (OP) in the UK

Introduction

Lending Optimism can be an excellent option for those who wish to hold OP while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Optimism (OP) Tokens

   To lend Optimism, you need to possess it. To obtain Optimism, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	Optimism (OP)	0.32
   PrimeXBT	Optimism (OP)	0.32
   YouHodler	Optimism (OP)	0.32
   Binance	Optimism (OP)	0.32
   BTSE	Optimism (OP)	0.32
   OKX	Optimism (OP)	0.72

   View all 45 prices

2. 2. Choose a Optimism Lender in the UK

   Once you have OP, you'll need to choose a Optimism lending platform to lend your tokens. You can see some options here.

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

   View all 9 loan rates

3. 3. Lend Your Optimism

   Once you've chosen a platform to lend your Optimism, transfer your Optimism into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.