# 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.