Where and How to Stake Optimism (OP)

Introduction

Staking Optimism can be a great option for those who want to hold OP but earn yield in a safe way while contributing to the network. 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. 1. Obtain Optimism (OP) Tokens

   In order to stake Optimism, you need to have it. To obtain Optimism, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Optimism (OP)	1.67
   Bitpanda	Optimism (OP)	1.67
   Uphold	Optimism (OP)	1.67
   Kraken	Optimism (OP)	1.70
   OKX	Optimism (OP)	1.68
   Binance	Optimism (OP)	1.69

   See all 18 prices

2. 2. Choose a Optimism Wallet

   Once you have OP, you’ll need to choose a Optimism wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	Optimism (OP)	Up to 1.00 APY

3. 3. Delegate Your OP

   We recommend using a staking pool when staking OP. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OP, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Optimism network. You’ll be rewarded with OP for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.