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Glossary · T
Timelock
A mandatory delay between when a governance proposal passes and when it executes on-chain — typically 24-72 hours. Timelocks give users time to review approved proposals and exit the protocol if they disagree with a decision. They are a critical security mechanism: without a timelock, a compromised or malicious governance vote could drain a protocol's funds before users can react. Most reputable DeFi protocols have timelocks on all admin actions.
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