# 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:

{% embed url="<https://www.mintscan.io/saga>" %}

* [Staking Guide](#staking-guide)
* [Validator Address](#validator-address)
* [Performance](#performance)
* [Staking Mechanics](#staking-mechanics)

### Staking Guide

{% embed url="<https://www.luganodes.com/blog/SAGASG/>" %}

### Validator Address

{% tabs %}
{% tab title="Mainnet" %}

<table><thead><tr><th width="197">Type</th><th>Value</th></tr></thead><tbody><tr><td>Validator Name</td><td>Luganodes</td></tr><tr><td>Validator Address</td><td>sagavaloper1qara34gyn54s9693rntr7gxj4a34te6gxkx97m</td></tr></tbody></table>
{% endtab %}
{% endtabs %}

### Performance

Luganodes validator performance can be tracked [here](https://www.mintscan.io/saga/validators/sagavaloper1qara34gyn54s9693rntr7gxj4a34te6gxkx97m).

## Staking Mechanics

<table><thead><tr><th width="224">Metrics</th><th>Details</th><th data-hidden>Details</th><th data-hidden></th></tr></thead><tbody><tr><td>Reward Frequency</td><td>Every block ( 5.57 seconds )</td><td></td><td></td></tr><tr><td>Auto-compounding</td><td>Users need to manually redelegate their rewards or through Restake.app</td><td></td><td></td></tr><tr><td>Penalty</td><td>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<br><br>Double Signing: If a validator signs conflicting blocks at the same height, a slashing penalty of 5% is imposed</td><td></td><td></td></tr><tr><td>Slashing</td><td>Slashing enabled for downtime and double signing </td><td></td><td></td></tr><tr><td>Stake Lockup</td><td>None ( Instant delegation )</td><td></td><td></td></tr><tr><td>Unbonding Period</td><td>21 days from time of unstake </td><td></td><td></td></tr></tbody></table>


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