Timelock
A timelock is a smart-contract-level design for delayed execution that forces large asset transfers or critical governance proposals to wait a preset period after approval before they can be executed, giving the community a window to assess and respond.
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A time lock is a delay-of-execution design at the smart contract level, in which large asset transfers or key governance proposals are forcibly required to wait a preset period of time after approval before they can be executed.
Imposing a mandatory time lock on large asset transfers by major stakeholders can give the market and governance participants a window to analyze the impact and prepare a response, reducing information asymmetry.
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A time lock is a delay-of-execution design at the smart contract level, in which large asset transfers or key governance proposals are forcibly required to wait a preset period of time after approval before they can be executed.
50%UnverifiedImposing a mandatory time lock on large asset transfers by major stakeholders can give the market and governance participants a window to analyze the impact and prepare a response, reducing information asymmetry.
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