How to Earn Optimism (OP): A Comprehensive Guide

Introduction

Lending Optimism can be an excellent choice for those looking to hold OP while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide

1. Acquire Optimism (OP) Tokens
To lend Optimism, you must first acquire it. To obtain Optimism, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
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
See all 45 prices
2. Choose a Optimism Lender
Once you have OP, you'll need to select a Optimism lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate
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
See all 9 lending rates
3. Earn Optimism
Once you've selected a platform to earn your Optimism, transfer your Optimism into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.

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

Platform	Coin	Interest rate
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

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.

Latest Movements

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Market cap: US$2.39B
24h volume: US$337.53M
Circulating supply: 1.35B OP

See latest information

Frequently Asked Questions About Lending Optimism (OP)

What are the current lending rates for Optimism (OP)?: As of now, there are a total of four lending rates available for Optimism (OP). However, the average rate is currently unspecified. The best lending rate can be found on CEX.io, although specific percentages have not been provided. It is essential to stay updated on these rates, as they can fluctuate, so consider checking Bitcompare regularly for the latest information and comparisons.