proph Hello there!
I would highly recommend reading through the website's FAQ as well as the rest of the documentation.
For your specific question, this section applies:
The OS stores a high entropy random value as the Weaver token on the secure element (Titan M on Pixels) and uses it as another input for key derivation. The Weaver token is stored alongside a Weaver key derived by the OS from the password token. In order to retrieve the Weaver token, the secure element requires the correct Weaver key. A secure internal timer is used to implement hardware-based delays for each attempt at key derivation. It quickly ramps up to 1 day delays before the next attempt. Weaver also provides reliable wiping of data since the secure element can reliably wipe a Weaver slot. Deleting a profile will wipe the corresponding Weaver slot and a factory reset of the device wipes all of the Weaver slots. The secure element also provides insider attack resistance preventing firmware updates before authenticating with the owner profile.
I hope that helps!