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Could you elaborate on what exactly is the "protocol risk" in DEX?
by bogomipz 4y ago
Could you elaborate on what exactly is the "protocol risk" in DEX?
- zeroclip 4y agoA protocol is just code, code can have bugs. Another risk is around governance. Some protocols use proxy contracts, so a single developer or team can upgrade them. But they can accidentally push out a bug in a new version. Other protocols like Uniswap opt for non-upgradeable contracts, users have to opt-in to the new version.