SAGA: The L1 for L1’s, Enter the Web3 Multiverse

The current Web3 landscape is a chaotic mix of congested networks, exorbitant fees and complex infrastructure. Creators, those driving the real innovation, are bogged down by technical hurdles and limited by a lack of accessible, scalable solutions. This stifles creativity and hinders the mass adoption of blockchain technology. Enter Saga, a protocol that's streamlining Web3 development. Saga enables developers to effortlessly launch their own dedicated blockchains, or "Chainlets," in minutes, freeing them from the constraints of shared networks. This approach unlocks a multiverse of possibilities for gaming, entertainment, finance and social platforms.

Architecture: The Saga Chainlet System

Imagine a network of interconnected, yet independent, blockchains. This is the essence of Saga's architecture, which revolves around Chainlets. These are sovereign, application-specific blockchains that operate within the larger Saga ecosystem. Each Chainlet functions as a dedicated runtime environment for a single decentralised application (dApp).

This unique structure, similar to a blockchain multiverse, offers several advantages:

• Scalability: By isolating dApps on their own Chainlets, Saga eliminates the congestion and resource contention that plague monolithic blockchains.

• Flexibility: Developers have complete control over their Chainlets, including the choice of virtual machine, runtime environment, consensus mechanisms and fee structure.

• Security: All Chainlets are secured by the Saga mainnet through a mechanism called shared security. This ensures that even newly created Chainlets inherit the robust security of the established network.

  
  

Mechanisms: How SAGA Works

1. Chainlet Provisioning: Deploying a dApp on Saga is as simple as deploying a smart contract. Once a smart contract is submitted to the Saga mainnet, a new Chainlet is automatically provisioned to host it.

2. Shared Security: The Saga mainnet validators are responsible for validating all Chainlets within the ecosystem. This shared security model ensures a high level of security across the entire network.

3. Validator Orchestration: Saga provides tools to help validators manage the complexities of running multiple Chainlets. These tools automate tasks such as placement, scheduling and resource allocation.

4. Inter-Blockchain Communication (IBC): Chainlets can communicate and exchange assets with each other and with other IBC-enabled chains, thus creating an interconnected ecosystem.

   
   

Key Features

Effortless Deployment
Launching a Chainlet is as easy as deploying a smart contract, eliminating the complexities of setting up and managing a dedicated blockchain.

Dedicated Resources
Each dApp enjoys the full resources of its Chainlet, ensuring optimal performance and scalability.

Customizable Environments
Developers can tailor their Chainlets to their specific needs, choosing the most suitable virtual machine and runtime environment.

Predictable Costs
Saga's subscription-based model provides developers with predictable costs for running their Chainlets.

Interoperability
Seamless communication and asset transfer between Chainlets and other blockchains.

Advantages that Redefine Web3 Development

Saga's unique approach translates into tangible advantages for developers and users:

• Unleashed Scalability: Dedicated Chainlets eliminate congestion and ensure high throughput, enabling applications to scale without constraints.

• Increased Accessibility: Simplified deployment and management make Web3 development more accessible to a wider range of creators.

• Improved User Experience: Faster transaction speeds, lower fees and greater reliability enhance the overall user experience.

  
  

Funding and Partnerships: Fueling the Vision

The Saga journey began with a strong financial foundation. A $5 million seed extension round led by Placeholder brought their total funding to $13.5 million. This significant investment, notably Placeholder's largest pre-Layer-1 stake in a portfolio company, speaks volumes about the confidence in Saga's potential to redefine the Web3 landscape.

Saga has strategically aligned with influential investors and partners. This includes but not limited to Hypersphere Ventures, Maven 11 Capital and Samsung Next, who participated in the seed round, demonstrating early support for Saga's vision. Later, Com2uS and LongHash Ventures joined the ranks among others, further solidifying the project's backing and expanding its network within the Web3 space.

Gaming with Saga at a glance

A diverse array of games are taking shape within the Saga ecosystem:

• Colonii: COLONII is a virtual habitat and avatar creation company.

• CTX: Context Protocol is a Semantic Decentralised Data Storage Protocol, essentially serving as the blockchain equivalent of the semantic web. It allows users to deploy smart contracts for storing their data on various platforms, such as Arweave, Filecoin, Ethereum storage, and others.

• Ashara Studios: Ashara Studios is a video game studio made up by video game fans who work hard on creating significant experiences for gamers.

• Forest Knight: A turn-based strategy game, Forest Knight invites players to collect and battle unique characters while exploring a vibrant fantasy world.

• Gamer Tool Studio: Gamer Tool Studio is an indie game studio building tools and game for fully autonomous worlds where AI agents and the blockchain come together to create new gaming experiences that are unique and owned by each player.

  
  

Community Rewards: The Saga Airdrop

Saga is committed to rewarding its active and loyal community members. The "Saga Power Level Over 9000" airdrop is a prime example, designed to recognize and incentivize those who stake $SAGA tokens. With varying reward tiers based on staking duration and amount, participants can earn $SAGA tokens, exclusive merchandise, and even ambassador token drops. 

To date there have been 5 Airdrops (Vaults) in this campaign, with Vault 5 recently concluded. This initiative highlights Saga's dedication to fostering a thriving and engaged community, recognizing and rewarding those who contribute to the growth and development of the ecosystem.

Saga's Liquidity Integration Layer: Solving the Fragmentation Problem

One of the challenges facing the blockchain ecosystem is liquidity fragmentation, where assets are spread across numerous chains and platforms, limiting their accessibility and utility. Saga tackles this issue head-on with its innovative Liquidity Integration Layer  (LIL).

Think of LIL as a universal bridge connecting all Chainlets within the Saga ecosystem. This allows for seamless movement of assets and data between these independent blockchains, fostering a more interconnected and efficient environment. LIL automatically manages the routing of messages and transactions, simplifying the process for developers and users alike.

Essentially, LIL acts as a central hub, facilitating communication and asset transfer between Chainlets, much like a well-organised transportation system ensures smooth and efficient movement within a bustling city. This streamlined approach enhances liquidity, promotes interoperability, and unlocks new possibilities for decentralised applications within the Saga ecosystem.

Saga Mainnet Launch: A Phased Approach

Saga is launching its mainnet in a progressive, six-phase rollout. This approach ensures stability and allows for thorough testing at each stage. Here's a breakdown of what each phase entails:

Phase 1: Security Chain Takes Center Stage

• The security chain, where $SAGA tokens are minted and staked, goes live with decentralised validators.

• The platform chain and Chainlets are operational but run by the Saga foundation.

• Developers can launch Chainlets with persistent applications, meaning they'll remain live throughout the mainnet evolution.

• Users can interact with these Chainlets, but developers need test tokens from the foundation to launch them.

Phase 2: Introducing Cross-Chain Validation (CCV)

• CCV is implemented, connecting the security chain to the platform chain.

• The platform chain starts its journey as a security aggregator, initially using a hardcoded foundation key for security.

• This phase tests the validators' ability to upgrade the security chain.

Phase 3: Sharing Security with Chainlets

• Aggregated security from the platform chain is extended to individual Chainlets.

• This phase focuses on testing the upgrade process for production Chainlets and the platform chain.

Phase 4: Onboarding External Validators

• External validators from the security chain begin operating the platform chain and all its Chainlets.

• This marks a crucial step towards decentralising the platform chain's operation.

Phase 5: Full Validator Participation

• All security chain validators are onboarded to run the platform chain and Chainlet infrastructure.

• This ensures the platform chain aggregates the full security of the security chain, which is then passed on to all Chainlets.

Phase 6: Slashing and Permissionless Deployment

• Slashing is enabled on the security chain, enhancing network security.

• The developer portal becomes permissionless, allowing anyone to launch Chainlets using $SAGA tokens.

• Fast interoperability between Chainlets and other ecosystems is enabled, allowing for seamless asset transfers.

• Chainlets become fully elastically scalable, offering cloud-like flexibility.

  
  

Community Growth: A Thriving Ecosystem

Saga's community is rapidly expanding, with passionate developers, validators and users contributing to its growth. The active engagement on social media platforms like Twitter and in the Discord community reflects the enthusiasm and belief in Saga's mission. The recent introduction of a community treasury further strengthens the collaborative spirit and empowers the community to shape the future of Saga. 

The ever growing list of innovators and collaborators covers sectors from DeFi, identity and infrastructure to gaming, NFTs, fashion and socials. Those looking to build on Saga can apply to their Saga Innovator Program and benefit from all they have to offer such as grants, events, marketing and more. 

Conclusion

Saga is not merely building another blockchain; it's constructing a multiverse where Web3 development is accessible, scalable and self-deterministic due to chainlets. By enabling developers to effortlessly launch their own dedicated blockchains, or Chainlets, Saga removes the barriers that have long hindered innovation in the Web3 space.