> For the complete documentation index, see [llms.txt](https://docs.bancor.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bancor.network/developer-guides/data-and-events/liquidity-data/lockdurationupdated.md).

# LockDurationUpdated()

### event LockDurationUpdated()

This event is emitted when the cooldown period for withdrawals is updated. 

```javascript
event LockDurationUpdated(
    uint32 prevLockDuration, 
    uint32 newLockDuration
);
```

{% hint style="info" %}
The cooldown period (lock duration), is specified in seconds. Initially, the lock duration is set to 604800, equal to 1 week, however, this can be changed by a DAO vote. 

To query the current lock duration, see [lockDuration()](/developer-guides/read-functions/withdrawals/lockduration.md). 
{% endhint %}

| Parameter Name   | Type   | Description                                              |
| ---------------- | ------ | -------------------------------------------------------- |
| prevLockDuration | uint32 | The previous duration of the cooldown period, in seconds |
| newLockDuration  | uint32 | The new duration of the cooldown period, in seconds      |

### Uses

This event can be used to:

* Monitor changes in the withdrawal cooldown period

### Triggered By

This event is triggered by the following functions:

* setLockDuration()