Code Permanence Benefits

Code permanence benefits are the inherent security advantages of having smart contracts that cannot be changed. When code is immutable, users have a guarantee that the rules of the protocol ⎊ such as fee structures, collateral requirements, and settlement logic ⎊ will not be altered against their interests.

This eliminates the need for trust in a governance body and provides a stable foundation for financial instruments. For long-term derivative contracts, code permanence reduces the "upgrade risk" that could otherwise lead to unexpected behavior or loss of funds.

While it limits adaptability, it maximizes the security properties of the blockchain, making it ideal for core financial primitives.