Re:$34M permanently locked into AkuDreams contract forever d...
by charcircuit on Saturday April 23, 2022 @07:11PM
(#31139589)
>They don't
This is wrong. It's pretty standard for contracts to be able to be upgraded. Usually you want to put a delay before updates are applied. This time delay allows users to see what is happening with the upgrade and gives them a chance to cash out if it's bad.
There might also be a way to do an emergency upgrade, but typically this account is much more locked down compared to just being able to make a normal update.
This is wrong. It's pretty standard for contracts to be able to be upgraded. Usually you want to put a delay before updates are applied. This time delay allows users to see what is happening with the upgrade and gives them a chance to cash out if it's bad.
There might also be a way to do an emergency upgrade, but typically this account is much more locked down compared to just being able to make a normal update.