ETHERFI CASH PREPS MAJOR SECURITY AND PERMISSIONS OVERHAUL

Summary from the TLDR Crypto newsletter

EtherFi is restructuring Cash's admin controls into three tiers. Routine parameter changes stay fast, sensitive fund-security settings require an 8-hour delay, and smart contract code upgrades move from the current 8-hour timelock to a 2-day delay. The changes also let EtherFi immediately revoke a compromised operational key instead of waiting on the existing governance timelock, closing a gap where one role previously controlled everything at once. The new contracts and 8-hour timelock are already partially deployed on Optimism, though the full upgrade isn't live yet as EtherFi migrates the current Cash contracts to the new system.