Major security update just dropped in the DeFi space!
A leading lending protocol has rolled out timelock functionality for their upgrade authority multi-sig. This move significantly boosts both security measures and operational transparency.
For those unfamiliar: timelock mechanisms add a delay between proposing changes and executing them, giving the community visibility into upcoming protocol modifications before they go live.
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PonziDetector
· 8h ago
Finally, someone has clarified the timelock issue. Those previous operations where parameters were changed in just one second were really alarming.
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AirdropFreedom
· 8h ago
Timelock really should be implemented industry-wide. I'm tired of seeing news about flash loan attacks.
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PoolJumper
· 8h ago
Damn, finally a protocol dares to implement a timelock. It should have been done this way long ago.
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MevHunter
· 8h ago
Another timelock? It's about time. But on the other hand, it's good to see these major protocols finally taking security seriously—points for that.
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GasWrangler
· 8h ago
ngl, timelock is table stakes at this point – if you're just now implementing it, you were demonstrably behind the curve already
Major security update just dropped in the DeFi space!
A leading lending protocol has rolled out timelock functionality for their upgrade authority multi-sig. This move significantly boosts both security measures and operational transparency.
For those unfamiliar: timelock mechanisms add a delay between proposing changes and executing them, giving the community visibility into upcoming protocol modifications before they go live.