The only thing I disagree with your idea is a federated peg. This is why liquid and rootstock have low adoption because bitcoins complain they have to trust federations with their bitcoin. Is there anyway to make a trustless model similar to Drivechains proposal?

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Could be yes. There's something called dynafed. There's also randomly selected validators. There's dozens of ways in fact, but you need to start somewhere. One popular BFT method is:

https://tendermint.com/