How does “Go Back in Time” work?

Had occasion this week to question the GBIT process.

For the benefit of the community, can we have a more detailed description of the process?

Particularly useful to understand it when there are glitches. I’d certainly feel more in control.

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All main features are described here:

https://community.curve.app/c/product-and-features/how-does-feature-work

The details for go back in time are here: