When hearing about a protocol upgrade, many people's first reaction is: 'What will happen to my assets? Do I have to migrate them manually?'

This concern is quite normal. After all, during many previous protocol upgrades, users had to withdraw assets from the old contract and deposit them into the new contract, which was a troublesome and risky process. So will Falcon's upgrade be the same way?

Two Modes of Protocol Upgrade

1. 'Moving' Upgrade
Deploy a completely new contract, and users need to manually transfer assets from the old contract to the new contract.
It's like moving from an old house to a new one; you have to pack and transport everything yourself.
Advantages: clear and thorough; disadvantages: high user operation cost, prone to errors.

2. 'In-place upgrade' mode.
Achieved through 'proxy contracts': your assets are always stored in a fixed vault (proxy contract), but the underlying business logic can be changed.
It's like your house's address remains the same, but the interior decoration and facilities can be updated intelligently without the need to move.

Currently, mainstream protocols (including many DeFi giants) tend to favor the second option, as it is more user-friendly and safer.

How will Falcon choose?

Based on Falcon team's consistent emphasis on user experience, this upgrade will likely adopt the 'in-place upgrade' mode.

This means:

  • The USDf stablecoins, staked LP tokens, and other assets you hold likely require no action.

  • After the upgrade, your assets will automatically continue to operate under the new protocol logic.

  • You won't experience the cumbersome process of 'withdrawing and re-depositing', and you will avoid unnecessary gas costs.

Of course, if the upgrade involves entirely new features (like new earning strategies or cross-chain modules), you may need to authorize a signature once to activate the new features. But this is different from 'asset migration'.

As a user, what should you do now?

  1. Stay alert and don't panic.
    Everything is subject to Falcon's official announcements; do not trust any unofficial channels' 'migration guides'.

  2. Do not click on unclear links.
    Be wary of phishing websites masquerading as 'upgrades'; never authorize unknown transactions.

  3. Prepare a small amount of gas fees.
    If you need to authorize new features later, ensure that there is enough basic gas fee in your wallet.

Summary: Stay calm and wait for the official guidelines.

Web3 is maturing, and protocol upgrades increasingly focus on 'seamless experience'.
The Falcon upgrade this time may let you feel no changes at the asset level—this itself is a reflection of industry progress.

However, in any case, until the official clarification is made, staying put and keeping an eye on things is the best strategy.

Final reminder:
Asset security is always the top priority. In the blockchain world, sometimes doing nothing is safer than acting recklessly. Wait for official news and be clear before taking action.

@Falcon Finance #FalconFinance $FF