Admin Key and Upgradeability Risk
German: Admin-Key- und Upgrade-Risiko
The exposure created when a party can upgrade, pause, freeze or reconfigure a contract, which makes an ostensibly autonomous system a counterparty exposure to that key holder.
Why people look this up
Due diligence readers asking who can change the rules after they have invested.
Auf Deutsch
Admin-Key- und Upgrade-Risiko — Die Exponierung, die entsteht, wenn eine Partei einen Contract ändern, anhalten, sperren oder umkonfigurieren kann, wodurch ein scheinbar autonomes System zu einer Exponierung gegenüber diesem Schlüsselinhaber wird.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.