Polygon has proposed PIP-93, which would integrate the Protocol Council and other bodies into a unified Security Committee, implementing an 8/11 multi-signature scheme and a 7-day timelock.

Polygon’s community forum has released draft proposal PIP-93, which proposes integrating the existing Protocol Council, Polygon PoS, and AggLayer multisigs into a unified Polygon Security Council. The security council will comprise 11 signers from 10 institutions, adopting an 8/11 signature policy covering both Ethereum and Polygon. Polygon Labs holds 2 seats, while each of the other participating institutions (including Sherlock, Hexens, Sigma Prime, Curve, QuickSwap, EthCC, L2Beat, Coinbase, etc.) holds 1 seat. For daily upgrades and parameter changes, proposals can be submitted via Polygon Labs Operations multisig with a 7-day timelock; the Security Council may veto such proposals within the window, or skip the timelock to immediately execute or lift contract pauses. The proposal will replace the governance structure set out in PIP-29, and will only disclose the list of seat-holding institutions, no longer revealing individual signer identities. The proposal is currently in Draft status.