How it works
When you lock funds, they are sent directly to a smart contract and not to us. We never hold, control, or have access to your funds at any point. Only your wallet can withdraw them after the lock period ends.
Your responsibility
By using TimeLock you confirm that:
- You understand how crypto wallets and smart contracts work
- You are locking funds you can afford to have inaccessible for the chosen period
- You are responsible for keeping your wallet and private keys safe
Fees
A 0.5% fee is charged at the time of locking. This fee is non-refundable.
No early release
Once funds are locked, they cannot be released before the chosen unlock time. Not even by us.
Token blacklisting risk
Some tokens including USDT, USDC, and PYUSD are issued by centralised companies that can blacklist individual wallet addresses. If your address is blacklisted by a token issuer after you have locked funds, withdrawing those specific funds may become impossible. This is an external risk outside of TimeLock's control. If you are locking a centralised token, make sure you understand this risk.
Lost wallet
If you lose access to the wallet that created a lock, the funds in that lock are permanently inaccessible. TimeLock has no admin override or recovery mechanism. Only the original locking wallet can withdraw. Keep your private keys and seed phrase safe.
No guarantees
TimeLock is provided as-is. This contract has been reviewed using automated static analysis tools and a manual code review, and a professional security audit is in progress. No audit is a guarantee of security and vulnerabilities may still exist that were not detected. No company, developer, or auditor accepts liability for any loss of funds. Smart contracts are experimental technology. Use at your own risk and never lock more than you can afford to lose.