Glossary · DeFi
Immutability
Also: immutable
Immutability is the property of a deployed contract whose code and parameters can never be changed, which removes the risk of an administrator altering the rules but also removes any way to fix a flaw after launch.
Related terms
- Smart contract
- A smart contract is a program deployed to a blockchain that holds assets and executes its rules automatically when called, so the terms of an agreement are enforced by the network rather than by a counterparty.
- Isolated market
- An isolated market is a lending market defined by a single collateral asset, loan asset, oracle and liquidation threshold, so that bad debt arising in it cannot spread to lenders in other markets.
Stay informed
Verifiable crypto journalism, delivered to your inbox.
Weekday mornings. No hype. No financial advice. Just what happened and why it matters.
No spam. Unsubscribe anytime. Read our privacy policy.