What is Protocol Upgrade?
Protocol Upgrade A change to the underlying rules or code of a blockchain or DeFi protocol, implemented to enhance functionality, fix bugs, or address security and regulatory requirements, which can affect portfolio valuation, asset availability, and compliance.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Protocol Upgrade” Used in Practice?
Crypto asset managers must assess and disclose protocol upgrade impacts, as upgrades may alter smart contract functionality or require operational changes to portfolio assets.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Protocol Upgrade?
A change to the underlying rules or code of a blockchain or DeFi protocol, implemented to enhance functionality, fix bugs, or address security and regulatory requirements, which can affect portfolio valuation, asset availability, and compliance.
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