Knowledge Card: Upgradeable Contracts
The proxy pattern splits a contract into two parts: the proxy contract that users interact with holds the storage and assets, while the actual business logic is written in a separate logic contract.
Before depositing funds, check the block explorer to see whether the contract is a proxy, which address has permission to upgrade it, and whether there is a time lock.
While you’re at it, take a quick look: $ETH is reporting 2287.07, 24h +1.03%.
The proxy pattern splits a contract into two parts: the proxy contract that users interact with holds the storage and assets, while the actual business logic is written in a separate logic contract.
Before depositing funds, check the block explorer to see whether the contract is a proxy, which address has permission to upgrade it, and whether there is a time lock.
While you’re at it, take a quick look: $ETH is reporting 2287.07, 24h +1.03%.
