What is that scam I bougth few hundreds SCRT on Kraken then I see an icin it say get 20% arp on staking so I clicked. But few second after I unstake 100$ to go trade and it say locked 21 days… Why such total frauds be legal. How can I get my money now not in 21 days?
Oh, sorry to hear that the 21 day unstacking is for a good reason.
Security Mechanism: The unbonding period acts as a cooldown period, during which unstaked tokens are held in a locked state before being returned to the user’s wallet. This prevents malicious actors from quickly unstaking large amounts of tokens after an attack, potentially destabilizing the network.
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Deters Abrupt Withdrawals: The unbonding period discourages rapid, large-scale withdrawals of staked tokens, which could negatively impact the network’s stability and operations. By requiring a 21-day wait, the network ensures a predictable number of staked assets at any given time.
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Long-Term Delegation Incentives: The unbonding period incentivizes users to make thoughtful decisions when delegating their tokens to validators and to stick with those validators for a longer period. This promotes a more stable and secure network by encouraging long-term commitment to staking.
The long-term incentives are for reason how you stake then unstack staking is for long term holder. Stake token that you will hold for long term not short term and it’s protocols that let you borrow against your delegated tokens.