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Saga

SAGA

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Last updated 1 month ago

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

Type
Value

Validator Name

Luganodes

Validator Address

sagavaloper1qara34gyn54s9693rntr7gxj4a34te6gxkx97m

Performance

Staking Mechanics

Metrics
Details

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

Luganodes validator performance can be tracked .

here
Staking Guide
Validator Address
Performance
Staking Mechanics
Mintscanmintscanio
Luganodes | Saga — How to Stake $SAGA Tokens with LuganodesLuganodes | Saga — How to Stake $SAGA Tokens with Luganodes
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