Timelock Round
Pause, Review, and Proceed: The Last Step Towards Consensus
Last updated
Pause, Review, and Proceed: The Last Step Towards Consensus
Last updated
Following the Voting Round, the Timelock Round forms the final phase of the governance cycle and serves to ensure the integrity and stability of Maven Finance through careful deliberation and meticulous execution.
This phase allows for an in-depth analysis and testing of the winning proposal from the Voting Round, offering an opportunity for auditors, developers, reviewers, and the broader public to scrutinize the proposed changes for potential vulnerabilities.
In the event a flaw is identified, the proposal can be either withdrawn by the proposing Satellite or an Emergency Governance can be triggered by any community member to halt the smart contracts.
Once the Timelock Round concludes without any discovered vulnerabilities, any community member may call the Governance Contract to execute or process the approved proposal.
To accommodate extensive proposals and avoid gas exhaustion issues, a proposal can be implemented incrementally — one proposal data at a time.
This careful approach ensures changes to the Maven Finance ecosystem are made in a structured, transparent, and secure manner.
The end of the Timelock Round marks the end of a complete Governance Cycle, and a new Governance Cycle is then restarted with a new proposal round, where Satellites can once again propose changes to be made to the platform.
The Timelock Round is a critical phase in the governance cycle, highlighting Maven Finance's commitment to security, thorough review, and accountability.
This round functions as the final checkpoint before a proposal's integration, ensuring that every change is carefully scrutinized and validated.
The Timelock Round reinforces the governance cycle's robustness, serving as the buffer that allows for last-minute reviews and possible reversals, thereby safeguarding Maven's ecosystem from hasty or detrimental changes.
