# Timelock The Timelock contract is a governance-controlled smart contract that facilitates secure, time-delayed upgrades to system parameters, logic, and contracts within the Onyx protocol. This contract ensures that all governance actions are transparent and auditable, preventing instantaneous or unauthorized modifications. #### Key Features * Implements a time-delayed, opt-out upgrade pattern to enhance protocol security. * Enforces a minimum delay before any governance action can be executed. * Managed by the Onyx governance module, ensuring decentralized decision-making. * Supports governance transparency through pending and completed action tracking on the Timelock Dashboard. #### Minimum Delay Periods * 2 Days: The absolute minimum delay before a proposed governance action can be executed. This ensures that all protocol participants have time to review proposed changes. * 14 Days: Major protocol upgrades, such as risk system modifications, may require an extended delay to allow for extensive review and feedback. #### Governance Control and Monitoring * The Timelock contract is under the control of the governance module, meaning that only proposals approved through governance can be scheduled for execution. * All pending and executed governance actions are publicly accessible via the Timelock Dashboard, ensuring full transparency and accountability. * The contract follows a strict execution order, preventing unauthorized or out-of-sequence actions. #### Security and Best Practices * Governance participants should actively monitor the Timelock Dashboard to stay informed about pending protocol changes. * Smart contract audits and community discussions should occur during the delay period to identify and mitigate potential risks. * Critical protocol changes should have extended timelock delays to ensure proper review and consensus. By enforcing structured and time-sensitive execution, the Onyx Timelock contract enhances security, decentralization, and trust within the protocol’s governance system. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.onyx.org/governance/timelock.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.