// definition
Timelock
Delayed contract operation
freshreviewed 0 days ago
Short definition
A mechanism that requires a delay between scheduling and executing a contract operation. It can provide time to examine a change. Its effect depends on authorised roles, covered operations and configuration; it guarantees neither the absence of other powers nor a liquid exit.
risk atlas
Knowledge map
Intuition
A delay can make a change observable before execution, subject to the permissions actually configured.
Why it matters now
Examining DeFi interfaces requires separating fees, liquidity and control over rules.