Question 1

What is Saga?

Accepted Answer

Saga is a protocol that enables developers to deploy application-specific blockchains, called Chainlets, with minimal infrastructure effort. It is designed to simplify the process of launching dedicated blockchains by offering an integrated deployment stack that abstracts complex components such as security, execution, and consensus.

Saga’s architecture is modular and based on Cosmos SDK, using Interchain Security to inherit security from a shared validator set. Its protocol comprises three primary components:

* **Security chain:** Where protocol security is anchored and validator behaviour is monitored. Slashing and staking occur here.

* **Platform chain:** Manages the provisioning of Chainlets and forwards security to them using cross-chain validation.

* **Chainlets:** Independent blockchains where end-user applications are deployed. Each Chainlet operates with its own compute environment and virtual machine.

Saga supports multiple virtual machines and aims to offer flexibility for developers to choose the execution environment that suits their application. The protocol is being launched in stages (via the Pegasus release) to incrementally activate features such as validator decentralisation, shared security, and slashing mechanisms.

Question 2

What is SAGA used for?

Accepted Answer

SAGA is the utility token used within the Saga protocol to facilitate its internal operations.

Key functions of the SAGA token include:

* **Provisioning Chainlets:** Developers use SAGA to subscribe to and maintain Chainlet infrastructure. The token acts as a prepaid balance for compute capacity.

* **Staking:** Validators stake SAGA to secure the network and are subject to slashing for violations.

* **Validator incentives:** SAGA is used to compensate validators for running Chainlets and maintaining protocol infrastructure.

* **Developer bonding:** Developers may bond SAGA tokens to guarantee uptime and usage of Chainlets.

Saga employs a two-part token flow:

* Front-end, between application users and developers, where developers may collect fees in various assets.

* Back-end, between developers and the protocol, where fees are settled in SAGA to access protocol-level infrastructure.

SAGA is not directly used by end users of dApps; instead, developers absorb or abstract these infrastructure costs.

Question 3

Who created Saga (SAGA)?

Accepted Answer

Saga was co-founded by Rebecca Liao, who also serves as the Chief Executive Officer.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SAGA-TRY SAGATRY	binance	AA	0.8630TRY	4.23%	78,041,712.80SAGA	6,558	0.8280TRY	0.8720TRY
2	SAGA-USDT SAGAUSDT	binance	AA	0.01729USDT	4.16%	68,397,993.00SAGA	15,131	0.01660USDT	0.01753USDT
3	SAGA-USDT SAGA_USDT	whitebit	BB	0.01728USDT	4.35%	22,072,416.00SAGA	13,275	0.01655USDT	0.01754USDT
4	SAGA-TRY SAGA_TRY	whitebit	BB	0.8680TRY	5.21%	4,712,148.40SAGA	1,116	0.8250TRY	0.8780TRY
5	SAGA-EUR SAGA_EUR	whitebit	BB	0.01539EUR	4.34%	4,182,284.60SAGA	1,213	0.01475EUR	0.01560EUR
6	SAGA-USDC SAGAUSDC	binance	AA	0.01726USDC	4.23%	2,878,020.10SAGA	948	0.01655USDC	0.01745USDC
7	SAGA-USDT SAGA_USDT	gateio	A	0.01728USDT	4.20%	1,852,464.00SAGA	173	0.01658USDT	0.01745USDT
8	SAGA-BTC SAGA_BTC	whitebit	BB	0.0₆2160BTC	-0.92%	1,787,935.00SAGA	245	0.0₆2180BTC	0.0₆2210BTC
9	SAGA-USDC SAGA_USDC	gateio	A	0.01731USDC	4.46%	849,927.46SAGA	170	0.01658USDC	0.01740USDC
10	SAGA-USD SAGAUSD	kraken	AA	0.01714USD	3.38%	609,415.31SAGA	89	0.01659USD	0.01742USD
11	SAGA-EUR SAGAEUR	kraken	AA	0.01522EUR	3.54%	154,169.62SAGA	39	0.01470EUR	0.01563EUR
12	SAGA-USDT sagausdt	huobipro	C	0.01723USDT	2.93%	137,975,296.30SAGA	41,073	0.01675USDT	0.01763USDT
13	SAGA-USDT saga_usdt	lbank	C	0.01728USDT	4.10%	51,005,350.50SAGA	85,729	0.01660USDT	0.01747USDT
14	SAGA-USDT SAGAUSDT	bitrue	D	0.01739USDT	4.82%	20,439,995.80SAGA	38,474	0.01660USDT	0.01760USDT
15	SAGA-USDT saga_usdt	xtpub	-	0.01728USDT	4.10%	17,094,000.90SAGA	4,004	0.01660USDT	0.01751USDT
16	SAGA-USDT SAGAUSDT	mexc	C	0.01729USDT	4.22%	5,291,636.83SAGA	3,114	0.01659USDT	0.01750USDT
17	SAGA-USDT SAGA_USDT	bitunix	C	0.01728USDT	4.16%	4,473,413.20SAGA	7,033	0.01659USDT	0.01748USDT
18	SAGA-USDT SAGA_USDT	bydfi	-	0.01729USDT	4.22%	3,797,589.79SAGA	2,981	0.01659USDT	0.01750USDT
19	SAGA-USDC SAGAUSDC	mexc	C	0.01726USDC	4.23%	3,256,842.47SAGA	3,049	0.01655USDC	0.01746USDC
20	SAGA-USDT saga_usdt	digifinex	D	0.01730USDT	4.85%	1,967,518.70SAGA	5,204	0.01650USDT	0.01760USDT
21	SAGA-EUR SAGA-EUR	bitvavo	B	0.01543EUR	6.21%	1,522,861.90SAGA	133	0.01453EUR	0.01552EUR
22	SAGA-EUR SAGAEUR	bit2me	B	0.01522EUR	3.54%	154,169.62SAGA	39	0.01470EUR	0.01563EUR
23	SAGA-INR SAGAINR	coindcx	-	1.73INR	1.43%	108,269.49SAGA	64	1.70INR	1.78INR
24	SAGA-USDT SAGAUSDT	hitbtc	E	0.01597USDT	0.00%	0SAGA	0	0.01597USDT	0.01597USDT
25	SAGA-BRL SAGA-BRL	mercadobtc	C	0.09052BRL	0.00%	0SAGA	0	0.09052BRL	0.09052BRL