setGovernance are the most crucial smart contract functions. It can break the entire system and put so much money at risk when a bad actor’s address is set as a minter or governance. This can happen when there is a hostile takeover or if the multisigs are somehow compromised. Will those scenarios happen? I doubt it. However, we should still future proof and improve the security of the smart contract. To provide additional security and times for everyone to get out if that were to happen, I propose that we add a 2-3 days timelock for
Add a 2-3 days timelock to all yEarn smart contract’s
Increases security and confidence of the smart contracts. In case of catastrophes, everyone will have ample of times to get out.
This is a high level overview of how the YIP will solve the problem. The overview should clearly describe how the new feature will be implemented.
For: add 2-3 days timelock before
setGovernance become effective
Against: No changes. All functions call will effect immediately
- Add 2 days timelock
- Add 3 days timelock
- No Changes