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When disabled, the time points are not visible, but the info lane still shows that Elastic Wave is enabled with the Elastic Wave icon.
Elastic Wave disabled
Clearing Timing Points
“Timing points” are the moveable Elastic Wave control points that stretch or compress a given area of a clip. If you choose “Clear Timing Points,” all selected points within a clip are cleared (deleted).
Elastic Wave can operate in the Edit window where video editors may want to re-time spoken word performances so that when the audio is re-timed, the video follows the retiming to match. However, when working in the Fairlight page, re-timing of video is disabled so that you can have separate control of the audio file.
About Audio Plugins
There is no limit to the number of single or multiple plugins when in FlexBus mode that can be applied to clips and to tracks. However there is a limit of 480 when using Fixed Bus Legacy. Plugins are accessed via each track’s control strip, or via the Inspector which provides access to both clip and track plugins.
Fairlight FX
Fairlight FX are a DaVinci Resolve-specific audio plugin format that runs natively on macOS, Windows, and Linux, providing high quality audio effects with professional features to all DaVinci Resolve users on all platforms.
VST and VSTi
VST (Virtual Studio Technology) is an audio plugin standard created by Steinberg. The VST standard allows third-party developers to create VST plugins for use within VST host applications, or to create VST host applications themselves. The VST plugin standard is the most widespread audio plugin standard in use today, with thousands of available plugins spanning the gamut from EQ and compression to reverb, denoising, de-essing, aural exciting, and much more.