Can the Rebase Mechanism in a Smart Contract Be Changed?

Whether or not the rebase mechanism in a smart contract can be changed depends on the specific design of the protocol. Some rebase token smart contracts are designed to be immutable, meaning that the code cannot be changed once it has been deployed to the blockchain.

Other protocols have a governance mechanism that allows the community to vote on changes to the smart contract, including the rebase mechanism. The ability to change the rebase mechanism can be a double-edged sword, as it can be used to improve the protocol or to introduce malicious changes.