The video discusses Reserve Protocol's timelock controller and a governance contract to manage the RToken. The timelock controller is a contract that holds the key to executing certain actions on the R token, such as changing the slippage tolerance or the trading delay. The governance contract is a contract that allows token holders to vote on proposals to change the settings of the RToken.

When a governance proposal is approved, the call data for the proposal is committed to the governance contract. The call data is a sequence of bytes that specifies the function to be executed and the arguments to be passed. The call data is then compiled into bytecode by an off-chain system called the Register. The bytecode is placed in the timelock controller, which will execute it after the specified delay.

This process ensures that the Reserve protocol can be governed in a decentralized and secure manner. The call data is committed to the governance contract, which means that it cannot be changed after it is approved. The bytecode is compiled by an off-chain system, which means that it cannot be tampered with by the governance contract. The timelock controller ensures that the bytecode is not executed until the specified delay has passed.

If you have questions about deploying RTokens drop into the Reserve Protocol Discord, linked at bottom of Reserve.org, and engage with the community.