Since Fuse is built as a Starter kit and an Admin template, there is no easy or a set way of updating it like a normal library. Though it's completely up to you to keep the Fuse updated, there are two key points that might help you with the task:
Do NOT touch the @fuse folder unless you absolutely have to. Keeping that folder intact is the key to have easier upgrades.
Fork the original Fuse repo from its Github and build on top of that. That way, you can merge the changes from the origin repo as updates released.
If you follow these two rules, it will make the updating process a little bit more easier.
The best way of updating Fuse is to compare the latest version with your version using Github's compare feature. After that, you can either manually patch your setup or merge (and resolve conflicts) through Github. Every release is tagged and available under the Releases tab of Fuse's Github repo.