Governance

The governance timelock queues owner calls for delayed execution. A deployment can use the timelock as a contract owner. Its status-forwarding entry executes immediately.

Page	What it holds
Timelock	Queued calls, immediate status changes, authorization, records, storage, errors, and events.
Delay changes	Delay bounds, pending changes, unlock rules, views, and receipts.

The Ownership section of the timelock page gives the two ways a contract comes to have the timelock as its owner.