Cardano Has Staking Mechanism with NO Lockling Period!?

Photo by Michael Förtsch on Unsplash

Recently I saw an article on Cointelegraph claiming people are not interested in staking their crypto due to locking periods on POS system. That’s right that WAS one of the flaws in staking but not anymore since 2 years ago when Cardano entered shelly era! You can stake and get your reward every 5 days and withdraw any moment. No locking not even for one second!
It’s unclear to me why they try to ignore Cardano and its great achievements. Maybe they are maxis or simply some competitors has paid them! I don't know but you can simply buy articles these days! Just saying!

So lets see what Cardano can do:

• You can stake your ADA and enjoy passive income of about 5%
• Cardano has smart contracts and you can create your own dApp. Many Dex/ Defi projects are working on the ecosystem that you can trade there. check MinSwap & SundaeSwap
• You can send multiple assets including lots of NFTs and tokens in one transaction thanks to the “Extended UTXO” design of Cardano!
• You can invest in new projects by a system called ISPO. You delegate your ADA to a new project stake pool and receive their token in return. This way you don't pay for investing on a new projects you just let them take your ADA reward and you get the new Tokens and your ADA dose not leave your wallet!
• You can provide liquidity for Defi project and benefit from it but Its has the risk of “Impermanent Loss”. You should know there are projects like Genius Yield that has a solution for “Impermanent Loss”! Keep an eye on this one!
• You can submit your project to “Catalyst” program and Cardano holders vote for better proposals and you will be funded by Cardano treasury system!
• Djed the decentralized algorithmic stable coin developed by Cardano is on the test net, way different comparing to the failed UST. Its a mathematically proven algorithm and will be issued by Coti
• Vasil Hard Fork on June 29th will bring more scalability to Cardano with better performance for smart contracts.
• Later this year Hydra the unique layer 2 solution of Cardano will come to the ecosystem with massive scalability improvement and will cut down the fees to near zero!
• We have NFTs on Cardano actually its the 3rd biggest one in the industry look for #CNFT on twitter and you find lots of great projects.
• I’m sure there are more and I just scratched the surface!