⛓️ Blockchain & Web3 · Flowchart
Smart Contract Upgrade Process
How a team safely upgrades a smart contract behind a proxy: audit, testnet rehearsal, multi-signature approval and a timelock before the change goes live.
Drawing diagram…
What this diagram shows
- An external audit is required before any mainnet change
- A timelock gives users time to react
- Several signers must approve the upgrade
Prompt used
Smart contract upgrade flowchart: write the new implementation, run unit and fuzz tests, get an external audit and fix findings, deploy to testnet and rehearse the upgrade, then propose it to the multi-signature wallet. When 3 of 5 signers approve, it enters a 48-hour timelock, then the proxy is pointed to the new implementation and monitored.
Mermaid code
flowchart TD
A[Write new implementation] --> B[Unit and fuzz tests]
B --> C[External security audit]
C --> D{Critical findings?}
D -->|Yes| A
D -->|No| E[Deploy to testnet]
E --> F[Rehearse upgrade on testnet]
F --> G[Propose upgrade to multisig]
G --> H{3 of 5 signers approve?}
H -->|No| I[Upgrade not executed]
H -->|Yes| J[48-hour timelock]
J --> K[Point proxy to new implementation]
K --> L[Monitor events and balances]Related templates
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