How to Stake Optimism (OP) for optimal returns

Introduction

Staking Optimism can be an excellent choice for those looking to hold OP while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Optimism (OP) Tokens

   To stake Optimism, you first need to acquire it. To obtain Optimism, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	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

   Check out all 45 prices

2. 2. Select a Optimism Wallet

   Once you have OP, you'll need to select a Optimism wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

3. 3. Delegate Your OP in South Korea

   We recommend using a staking pool when staking OP. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their OP, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Start Validating

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

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.