Hi Michael,

I'm thinking such a covenant effort would be more a technical process aiming to advance the state of covenant & contracting knowledge, collect and document the use-cases, exchange engineering learnings from the prototype, share the problem space, etc. In the same fashion we have the BOLT one or even more remote the IETF working groups about a bunch of Internet technology [0]. I think that Taproot/Schnorr has set a high standard in terms of safety-first and careful Bitcoin engineering effort, aggregating 8 years of thinking around MAST and friends but also exploring other signature schemes like BLS. And I hope with covenants we aim for higher standards, as if there is one learning from Taproot we could have spent more time working out use-cases prototypes (e.g joinpools) and standard libraries to mature, it could have save actual headache around x-pubkeys [1]