We all know the importance of timelocks when integrating a proposed governance update. The possibility to put the implementation process on hold comes in handy when the update disrupts the work of smart contracts.
Currently, the timelock is set for 5 days (120 hours), which is rather excessive. For example, our first proposal (Liquidity Mining 2) has recently been voted on. However, we had to wait for 5 days since its approval before it came into effect.
I believe that we should shorten the required time to 2 days (48 hours). This is enough to roll back the implementation in case of necessity but will speed up the introduction of the desired update.
Interested to hear any thoughts regarding the issue. Would you offer a different timelock period?