Introduction
Lending Optimism can be a great option for those who want to hold OP but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain Optimism (OP) Tokens
In order to lend Optimism, you need to have it. To obtain Optimism, you'll need to purchase it. You can choose from these popular exchanges.
See all 44 pricesPlatform Coin Price Nexo Optimism (OP) 0.72 YouHodler Optimism (OP) 0.72 Uphold Optimism (OP) 0.67 OKX Optimism (OP) 0.76 Binance Optimism (OP) 0.72 BTSE Optimism (OP) 0.72 2. Choose a Optimism Lender
Once you have OP, you'll need to choose a Optimism lending platform to lend your tokens. You can see some options here.
See all 9 lending ratesPlatform 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 3. Earn Optimism
Once you've chosen a platform to earning your Optimism, transfer your Optimism into your wallet in the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Optimism (OP) is currently priced at $1.5 with a 24-hour trading volume of $337.53M. The market cap of Optimism stands at $2.39B, with 1.35B OP in circulation. For those looking to buy or trade Optimism, Aave offers avenues to do so securely and efficiently}
- Market cap
- $2.39B
- 24h volume
- $337.53M
- Circulating supply
- 1.35B OP
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.