Always update via a direct USB connection with Wave Link, never unplug during the process, and check the changelog to know what’s new. A well-maintained Wave:3 will serve you for years. For the absolute latest firmware version and release notes, always refer to Elgato’s official support page or the Wave Link application.
❌ "Updating firmware resets all audio settings." ✅ Partially true – gain level and mute state may reset to default. But Wave Link settings (faders, VSTs) are stored in software, not mic firmware.
❌ "You need firmware to use XLR mode." ✅ Wave:3 is USB-only – no XLR. Firmware won't add ports.
