GOVERNANCE & DAOS
Timelock (Governance Timelock)
Definition
A timelock is a mechanism that delays the execution of approved governance proposals, giving the community time to review and potentially exit before changes take effect.
Example
Example
Compound uses a 2-day timelock, meaning approved proposals wait 48 hours before execution, allowing users time to withdraw if they disagree.
Risks to Consider
Risks
- Delayed responses to urgent issues
- Coordination complexity
- Emergency situations
