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Introduction

Lending Optimism can be an excellent choice for those looking to hold OP while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Optimism (OP) Tokens

   To lend Optimism, you first need to possess it. To acquire Optimism, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   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

   See all 45 prices in Uganda

2. 2. Select 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.

   E-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 APY rates

3. 3. Earn Optimism in Uganda's vibrant financial landscape

   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 APY daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to Keep in Mind

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 take to secure your cryptocurrency.