Timelock

The Timelock contract serves as a security mechanism by introducing a delay between a proposal and its execution. This delay ensures that protocol changes are transparent and gives stakeholders time to review and respond before any action is finalized.

Overview

• The Timelock contract can function independently or in conjunction with a Governor contract to enforce time delays on governance decisions.

• It follows the OpenZeppelin implementation, ensuring reliability and best practices in decentralized governance.

• The delay period prevents instant execution of proposals, allowing for community oversight and risk mitigation.

For a more in-depth understanding of the OpenZeppelin implementation, refer to the official documentation: OpenZeppelin Timelock Docs.