How to Lend Optimism (OP) in Vietnam

Introduction

Lending Optimism is an excellent choice for those looking to hold OP while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Optimism (OP) Tokens

   To lend Optimism, you must first own it. To acquire Optimism, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Optimism (OP)	0.27
   PrimeXBT	Optimism (OP)	0.27
   YouHodler	Optimism (OP)	0.27
   Binance	Optimism (OP)	0.27
   BTSE	Optimism (OP)	0.27
   OKX	Optimism (OP)	0.72

   View all 45 prices

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 find some options listed 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

   View all 9 loan rates

3. 3. Lend Your Optimism

   After selecting a platform to lend your Optimism, transfer your Optimism into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.