Timelock
A mandatory waiting period before changes take effect. Gives users time to react to proposals they don't like.
Example
Compound waiting 48 hours before any governance change goes live, letting users withdraw if they disagree.
Related Terms
Advanced Concepts
⚙️How It Works
- 1
Proposal Passes
Governance vote approves a change
- 2
Timelock Starts
Change is queued, waiting period begins
- 3
Users React
Users can withdraw funds if they disagree
- 4
Execution
After delay, the change is implemented
📊Key Numbers
24-48 hours
Short Timelock
for minor changes
2-7 days
Standard Timelock
for most protocols
30+ days
Long Timelock
for major changes