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Timelock
Timelocks are used by many projects to demonstrate commitment to the security of their platform.
In light of the numerous hacks, scams, and rugpulls across various DeFi platforms, timelocks are one indicator that a project is legitimate.
A timelock adds additional security to the project, as SwapFish is not able to make immediate changes while all actions have to be scheduled for execution. In our case, the Masterchef has a timelock of 6 hours, meaning any changes to the protocol code will come into effect after 6 hours.
Last modified 3mo ago