About upgradeable contracts:
Proxy contracts execute the code of logic contracts through delegatecall, with the code running in the proxy contract’s own storage context.
Many protocols put upgrade permissions under multisig or governance-vote control, then add a timelock so upgrades take effect only after a few days, giving users time to withdraw.
$ETH 2446.45 (+2.52%)
#ETH
Proxy contracts execute the code of logic contracts through delegatecall, with the code running in the proxy contract’s own storage context.
Many protocols put upgrade permissions under multisig or governance-vote control, then add a timelock so upgrades take effect only after a few days, giving users time to withdraw.
$ETH 2446.45 (+2.52%)
#ETH