Polygon Draft PIP-93 Would Merge Security Council, Set 7-Day Upgrade Delay

Cointime update: Polygon governance proposal PIP-93 would consolidate its existing security council and multisig structure and let Polygon Labs propose bridge and staking contract upgrades through a separate multisig, subject to a 7-day delay. The new security council would have 11 signers from 10 institutions with an 8-of-11 threshold, able to cancel queued transactions and propose and immediately execute changes. A Polygon Labs operations multisig with a 5-of-9 threshold could not bypass the upgrade delay. The proposal remains a draft, with details due at a November 5 governance call.