Introduction
Staking Optimism is an excellent choice for those looking to hold OP while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire Optimism (OP) Tokens
To stake Optimism, you first need to acquire it. You can purchase Optimism from various popular exchanges.
View all 45 pricesPlatform 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 2. Select a Optimism Wallet
Once you have OP, you'll need to select a Optimism wallet to keep your tokens safe. Here are some great options.
3. Delegate Your OP
We suggest using a staking pool for staking OP. It's easier and quicker to start. A staking pool consists of validators who pool their OP, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Optimism network. You will be rewarded with OP for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
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- Market capitalization
- $2.39B
- 24-hour trading volume
- $337.53M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 1.35B OP
