Slow Fog Cosine: Renzo's ezETH seven-day Timelocker and proposal model are well-established in the Ethereum ecosystem

ChainCatcher message, Slow Mist Yu Xian posted on platform X: "Give mETH Protocol a thumbs up, intervene in the review in a timely manner, and recover the 15,000 cmETH stolen from Bybit. At this time, the majority of people are applauding such reviews or interventions.

mETH Protocol is still not well understood, but another interesting example of security balance design can be cited: Renzo's ezETH contract has issues with excessive permissions, such as being upgradable, and being able to mint/burn, etc. However, the Owner is multi-sig and has a Timelocker of 7 days, and has implemented a proposal mode. Therefore, if ezETH intends to act maliciously, timely detection allows everyone a 7-day buffer to make a choice. This kind of security balance model is quite mature in the Ethereum ecosystem."