Timelock Rules

Protocol (TCP) enforces timelocks on all treasury withdrawals to enable community oversight and prevent instant-action risks.

Timelock Purpose

Timelocks serve to:

• Prevent instant withdrawals — Waiting period required
• Enable oversight — Community has time to monitor
• Allow cancellation — Ability to stop withdrawals
• Build confidence — Visible safeguards build trust

Timelock Parameters

Parameter	Value
Timelock Duration	7 days (example)
Proposal Creation	Immediate
Execution Window	After timelock expires
Cancellation	Anytime before execution

Timelock Enforcement

How Timelocks Work

1. Proposal Created
   - Timelock begins
   - Countdown starts
   - Community notified

2. Waiting Period
   - 7 days (example)
   - Community monitors
   - Proposal can be cancelled

3. Execution Available
   - After 7 days
   - Withdrawal can execute
   - Execution window opens

4. Execution or Cancellation
   - Owner executes or cancels
   - Operation completes
   - Event logged

Timelock Verification

You can verify timelock status:

1. PolygonScan — Check timelock events
2. Contract Functions — Call getTimeUntilExecution()
3. Community Tools — Use timelock dashboards
4. Real-time — See countdown

Timelock Examples

Example 1: Successful Withdrawal

Day 0 (Monday):
- Owner proposes withdrawal
- Amount: 50,000 TCP
- Timelock: 7 days
- Event logged on PolygonScan

Days 1-6 (Tuesday-Sunday):
- Timelock period active
- Community monitors proposal
- Proposal visible on PolygonScan
- Community assesses withdrawal

Day 7 (Monday):
- Timelock expires
- Owner executes withdrawal
- 50,000 TCP transferred
- Event logged on PolygonScan

Completion:
- Withdrawal executed
- Treasury balance reduced
- Transparency maintained

Example 2: Cancelled Withdrawal

Day 0 (Monday):
- Owner proposes withdrawal
- Amount: 50,000 TCP
- Timelock: 7 days
- Event logged on PolygonScan

Day 3 (Thursday):
- Community raises concerns
- Owner cancels proposal
- Proposal cancelled on-chain
- Event logged on PolygonScan

Completion:
- Proposal cancelled
- No withdrawal executed
- Community satisfied
- Transparency maintained

Timelock Benefits

For the Protocol

✅ Prevents instant withdrawals — Waiting period required
✅ Enables oversight — Community has time to monitor
✅ Allows cancellation — Ability to stop withdrawals
✅ Builds confidence — Visible safeguards build trust

For Investors

✅ Confidence — Visible safeguards build confidence
✅ Oversight — Community can monitor
✅ Transparency — All operations visible
✅ Accountability — Clear responsibility

Key Takeaways

1. Waiting period — Timelocks enforce waiting periods
2. Community oversight — Community has time to monitor
3. Cancellation available — Ability to stop proposals
4. Transparent — All timelocks visible on-chain
5. Enforced — Timelocks enforced by smart contracts

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Next: Learn about Cancellation Rules.