Permanent Bug Exposure

Permanent bug exposure is the inherent risk in immutable protocols where a discovered vulnerability cannot be fixed through an upgrade. If a critical flaw is found in the core logic, the protocol may have to be abandoned, and users must migrate their assets to a new, patched version.

This process is disruptive and often results in lost liquidity or capital. For derivative platforms, this risk is amplified by the presence of open positions that need to be settled or migrated.

Understanding the probability of such an event is a key part of assessing the long-term sustainability of an immutable financial primitive.