> For the complete documentation index, see [llms.txt](https://docs.canhav.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.canhav.com/token-launch/governance.md).

# Governance

**Available now.**

Token Launch separates **immutable after launch** from **timelocked admin**.

## TimelockController

| Item               | Detail                                                                   |
| ------------------ | ------------------------------------------------------------------------ |
| Address            | See [Contract addresses](/token-launch/contract-addresses.md)            |
| Owns               | TokenFactory (v4) and LaunchAMM admin surfaces; FeeSplitter payee config |
| minDelay (testnet) | 300 seconds. Anything closer to production should use 24h+.              |
| Proposer           | Deployer EOA (testnet)                                                   |
| Executor           | Open                                                                     |
| Admin              | None on the timelock itself                                              |

Every sensitive admin change (fees, treasury, implementation bumps, unpause where applicable) waits out the public delay.

## What pause does

* **Factory pause** stops **new** launches.
* Already launched tokens are not paused by factory pause.
* Older factories (v1-v3) are paused permanently after migrations; their tokens stay live and indexed.

## Product UI

The site exposes a governance view under `/launch/governance` for fees, timelock, and fee splitter context while building on testnet.

## Related

* [AMM and fees](/token-launch/amm-and-fees.md)
* [Create a token](/token-launch/create-a-token.md)
* [Contract addresses](/token-launch/contract-addresses.md)


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