RationaleThe “code is law” rule is a cornerstone of DeFi. It states among other things that once successfully audited, a program can remain trusted. This implies that the program of a successfully audited smart contract may never be unexpectedly changed by an outsider (note that contracts that modify their own code during runtime cannot be trusted this way in the first place, but this is visible in the code audit). Popular ETH smart contracts essentially follow that rule. However, most DeFi ...
