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It's the Tape Delay Simulation plugin by Steve Harris, part of the swh-plugins; from the included ladspa-swh.html document:

Correctly models the tape motion and some of the smear effect, there is no simulation fo the head saturation yet, as I don't have a good model of it. When I get one I will add it.The way the tape accelerates and decelerates gives a nicer delay effect for many purposes.

So if you're after analogue saturation, you're better off with other plugins like Valve saturation also in swh-plugins, C* Saturate, Calf Tape Simulator, Calf Saturator, ZamAutoSat, CHOW Tape Model.