The Dao of Temporal Stagnation and the Dao of Temporal Swiftness were two sides of the same coin. As time was relative, slowing down time for one thing meant increasing it for something else. As such, the Daos were named after the effect they created, rather than what they did.
The Dao of Temporal Stagnation in fact sped up someone's time, and in doing so, it slowed down the world around them.
Liz employed this very Dao to move as quickly as she could to try and kill all the soldiers that came flying down toward her.
There was a problem with using her Dao, however. It was a problem with most Time dao in general. Time Dao in general heavily relied on Space to apply their effect.
Whether it be the Dao of Temporal Stagnation or the Dao of Temporal Swiftness, the user needed to specify a certain area of space where said dao would be applied.