Hello, I have created a draft RSKIP with co-author @SergioDemianLerner
RSKIP-X: Expanding the emergency multisig. The purpose of the proposal is to expand the Iris emergency multisig from a 3-of-4 multisig to a 7-of-12 multisig using Schnorr key aggregation for cost savings.
I view this change as one more stepping stone on the path to hardening the peg via other more elaborate methods, such as setting up a full backup Powpeg (discussed as an alternative considered in the RSKIP) and/or other methods such as a hashrate escrow or zk-SNARK two-way peg.
You can find the text of the RSKIP for review here: