A protocol changed its contract logic overnight—are users’ deposited coins still safe?
Common proxy patterns include transparent proxies and UUPS (EIP-1822). The main difference is whether the upgrade functionality is written into the proxy contract or the logic contract.
Before depositing funds, check the block explorer to see whether the contract is a proxy, which address has upgrade privileges, and whether there’s a timelock.
By the way: $ETH is trading at 2419.25, down 3.22% over 24h.
If you found this useful, save it so you can refer back to it later.
#ETH
Common proxy patterns include transparent proxies and UUPS (EIP-1822). The main difference is whether the upgrade functionality is written into the proxy contract or the logic contract.
Before depositing funds, check the block explorer to see whether the contract is a proxy, which address has upgrade privileges, and whether there’s a timelock.
By the way: $ETH is trading at 2419.25, down 3.22% over 24h.
If you found this useful, save it so you can refer back to it later.
#ETH