Timelock

OTokens are protected by timelock contracts, which prevent changes from taking effect without advance notice. Because OUSD's governance is fully decentralized and OETH has not yet made this transition, there are separate timelock implementations for each.
Origin DeFi Governance
Both OUSD and OGV are subject to a 48-hour timelock contract based on OpenZeppelin's Governor. This prevents any on-chain upgrades from taking effect without Origin's community having advance notice of the impending change.
Origin Ether Governance
Although OETH mostly consists of battle-tested code from OUSD and every new addition is extensively audited, it's important for the Admin (5 of 8) to be able to make swift upgrades in the unlikely event that a vulnerability is discovered. For this reason, the OETH timelock is initially configured with a minimum delay of 60 seconds. Over time, this will be extended before ownership is fully transferred over to OGV stakers.
Time period
Minimum delay
Current
60 seconds
After one week
24 hours
After one month
48 hours
After full decentralization
48 hours

Time period	Minimum delay
Current	60 seconds
After one week	24 hours
After one month	48 hours
After full decentralization	48 hours

Last modified 10d ago