# Walrus

Walrus is a decentralized storage protocol built on the Sui blockchain, designed to provide fast, affordable, and programmable data storage for Web3 and AI applications. Originally developed by Mysten Labs, Walrus enables applications to manage large data files (blobs) through Move-based smart contracts, supporting both on-chain and off-chain storage needs. The Walrus Foundation recently completed a $140 million funding round led by Standard Crypto, with participation from major investors including a16z crypto, Electric Capital, Franklin Templeton Digital Assets, Creditcoin, Lvna Capital, Protagonist, Karatage, RW3 Ventures, Comma3 Ventures, and The Raptor Group

You can find the link to the block explorer below:

{% embed url="<https://walruscan.com/mainnet/home>" %}

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

### Staking Guide

{% embed url="<https://www.luganodes.com/blog/walrus-staking-guide/>" %}

### Validator Address

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

<table><thead><tr><th width="199">Type</th><th>Value</th></tr></thead><tbody><tr><td>Validator Name</td><td>Luganodes</td></tr><tr><td>Node ID</td><td>0xeba0781d0568135bec544fe65a6dd1dfcf933200cf37c5d5cbb18ce9d86cc100</td></tr></tbody></table>
{% endtab %}
{% endtabs %}

### Performance

You can track the performance of Luganodes validator [here](https://walruscan.com/mainnet/operator/0xeba0781d0568135bec544fe65a6dd1dfcf933200cf37c5d5cbb18ce9d86cc100).

### Staking Mechanics

<table><thead><tr><th width="196">Metrics</th><th>Details</th><th data-hidden>Details</th><th data-hidden></th></tr></thead><tbody><tr><td>Reward Frequency</td><td>End of every epoch ( 24 hours )</td><td></td><td></td></tr><tr><td>Auto-compounding</td><td>Automatic</td><td></td><td></td></tr><tr><td>Slashing</td><td>No</td><td></td><td></td></tr><tr><td>Stake Activation</td><td>1 epoch ( 24 hours )</td><td></td><td></td></tr><tr><td>Unbonding Period</td><td>2 epochs ( 48 hours )</td><td></td><td></td></tr></tbody></table>