Earn up to
0.07% APY
A comprehensive guide on how to earn Optimism (OP)
We have extensive data on earning Optimism (OP), and we are pleased to share some of this information with you.
We present various earning opportunities with alternative coins that may pique your interest.
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Lending Optimism is an excellent choice for those looking to hold OP while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.
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.
| Platform | Coin | Cost |
|---|---|---|
| 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 |
Once you have OP, you'll need to select a Optimism lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Aave | Optimism (OP) | Earn up to 0.07% APY |
| Bitget | Optimism (OP) | Earn up to 1.2% APY |
| CEX.io | Optimism (OP) | Earn up to 1.5% APY |
After selecting a platform to earn your Optimism, transfer your Optimism to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.
Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.
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