The Fail-safe retention period for transient and temporary tables in Snowflake is 0 days. Fail-safe is a feature designed to protect data against accidental loss or deletion by retaining historical data for a period after its Time Travel retention period expires. However, transient and temporary tables, which are designed for temporary or short-term storage and operations, do not have a Fail-safe period. Once the data is deleted or the table is dropped, it cannot be recovered.
References:
* Snowflake Documentation: Understanding Fail-safe

Reference: https://community.snowflake.com/s/article/Making-Transient-table-by-Default

To provide a user with the necessary access to create a materialized view in a schema, the user must be granted a role that has the CREATE MATERIALIZED VIEW privilege on that schema. First, the role is granted to the user, and then the privilege is granted to the role