# Story Protocol

Story is a purpose-built layer 1 blockchain designed specifically for intellectual property.\
You can register your IP on-chain and add usage terms to it in seconds, massively lowering the barrier to the currently complex & antiquated legal system for IP.

By making IP programmable on the blockchain, it becomes this transparent & decentralized global IP repository where AI agents (or any other software) and humans alike can transact on & monetize IP with a simple API call.

You can find links to the block explorers below:

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

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

### Staking Guide

{% embed url="<https://youtu.be/c8COmDjCwRE?si=Cn-8j_p5LZDpEcxn>" %}

### Validator Address

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<table><thead><tr><th width="197.47265625">Type</th><th>Address</th></tr></thead><tbody><tr><td>Validator Name</td><td>Pool Contract Address</td></tr><tr><td>Luganodes</td><td>0xa21DB8C1a286E0CF74AC0bcD6e273f799C77d4D0</td></tr></tbody></table>
{% endtab %}
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### Performance

Luganodes validator performance can be tracked [here](https://staking.story.foundation/validators/0xa21db8c1a286e0cf74ac0bcd6e273f799c77d4d0).

### Staking Mechanics

<table><thead><tr><th width="216">Metrics</th><th>Details</th><th data-hidden>Details</th><th data-hidden></th></tr></thead><tbody><tr><td>Reward Frequency</td><td>Processed through a queue system (32 rewards per block)</td><td></td><td></td></tr><tr><td>Auto-compounding</td><td>Rewards are automatically distributed when they exceed 8 IP threshold</td><td></td><td></td></tr><tr><td>Slashing</td><td>Yes for double signing and high downtime</td><td></td><td></td></tr><tr><td>Stake Lockup</td><td>Varies based on stake</td><td></td><td></td></tr><tr><td>Unbonding Period</td><td>Varies based on stake</td><td></td><td></td></tr></tbody></table>