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A timelock is a contract implemented for the safety of users. The function of this contract is to delay modifications to MasterChef parameters by a certain amount of time. As an example: project xyz has launched with 2% withdrawal fees with 100% withdrawal fees possible, but is currently under a 24 hour timelock. If the developer attempted to change the withdrawal fee from 2% to 100% (in order to steal funds), they would first have to submit this change to the timelock, and would only be able to execute it 24 hours later. In this instance users would have 24 hours before withdrawal fees are set to 100% and are able to withdraw normally before the change is executed.
Now you can verify the timelock ownership and delay parameter in order to check for potential rugs such as 100% withdrawal fees.
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