HHow to liquidate assets on OP

How do I get my funds off the op network? I have traded coins but can’t cash out. Can someone help

Where do you want to send them? If it’s another network, use a Crosschain Bridge like Celer. If you want to get them off of the blockchain and into your bank account, you’ll need an account at a Centralized Exchange, like Coinbase or Kraken.

I have coinbase but I can’t send op coins to exchange yo cash out from my coinbase wallet

Ok no problem, I do this one regularly. I’m going to share some links with you, but remind you to be very careful what links you click in crypto. Always double check them against the project’s official Twitter account, and use that one instead. If you don’t, you could get your wallet drained.

  1. Go to Velodrome.finance and swap your OP for DAI (a USD stablecoin). Step-by-step guide for using a DEX here: How to Swap on a Decentralized Exchange | Bankless Academy

  1. Go to Coinbase and get your DAI deposit address, on Optimism.
    Always make sure you have the right token and network. If anything is wrong, you could lose your deposit.

  1. Send your DAI from your wallet to Coinbase. You can send a trial transaction if you want to make sure everything is set up right.

  1. Cash out your DAI on Coinbase to your local currency.

Let me know if you have any questions. If you want to learn more about Decentralized Exchanges like Velodrome, check out our interactive lesson @ Bankless Academy:

Or how & why Layer 2s like Optimism are separated from Ethereum Mainnet, here: