Saga
SAGA
Saga (SAGA) is a Layer-1 blockchain protocol designed to revolutionize Web3 development by enabling developers to easily deploy dedicated, scalable, and interoperable blockchains known as “Chainlets.” Each Chainlet operates as a parallel, application-specific chain secured by the same validator set as the Saga mainnet, providing infinite horizontal scalability, predictable transaction costs, and seamless interoperability with other blockchain ecosystems. Saga’s architecture simplifies the deployment of decentralized applications, particularly in high-demand sectors like gaming and entertainment, by automating chain creation and supporting multiple virtual machines. Since its founding in 2021, Saga has raised over $13.5 million from prominent investors including Maven 11 Capital, LongHash Ventures, Hypersphere Ventures, Figment Capital, Polygon Studios, and Samsung Next
You can find the link to the block explorer below:
Staking Guide
Validator Address
Validator Name
Luganodes
Validator Address
sagavaloper1qara34gyn54s9693rntr7gxj4a34te6gxkx97m
Performance
Luganodes validator performance can be tracked here.
Staking Mechanics
Reward Frequency
Every block ( 5.57 seconds )
Auto-compounding
Users need to manually redelegate their rewards or through Restake.app
Penalty
Downtime: If a validator fails to sign at least 50% of blocks within a window of 17,280 blocks, a slashing penalty of 0.01% is applied, and the validator is jailed for 10 minutes Double Signing: If a validator signs conflicting blocks at the same height, a slashing penalty of 5% is imposed
Slashing
Slashing enabled for downtime and double signing
Stake Lockup
None ( Instant delegation )
Unbonding Period
21 days from time of unstake
Last updated