Pro for timelock:
- Stops whales from putting their money in and dumping it the next day.
- Increases the UNI price over a longer period of time, as locking it makes the money inaccessible for the duration of it’s lock.
- Locking it removes the locked amount from the market supply (which is how crypto.com has been skyrocketing)
- Locking it targets the long term.
- After the locked time the money can remain staked or be removed.
- Can give a bigger incentive than not time locking
Cons for timelock:
- It may scare some people away (as they cannot take their money out anytime)
- It’s less flexible to simply put in money and take out your money whenever you want to.
- Timelock (due to smart-contract failures and glitches) may cause more issues in terms of stability and safety of your money.
- Not required/ recommended for the stablecoins