Studio-Stream with EndUser selecting the Specific Stream
Some streamers I know are part of a shared community, so I once had the idea that it would be interesting to have something like a shared studio channel where the end user (viewer) can decide for themselves which of the channels they want to see what on.
If the streamers are all playing together, the viewer could switch to the channel and see the perspective of the respective streamer. In doing so, viewers would not "refresh", would not miss anything, and would still be connected in the same chat.
From the streamer's side, this would allow them to help their friends get viewers, likewise new opportunities could be created here, as there would be a studio channel for moderation, for example.
Roughly, the viewer would see a kind of multi-stream and put one of the other streams in focus, this focused one would provide the audio track.
If a moderation track exists, the user can swap it out as well.

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David commented
It will be like you are hosting while you are live.
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David commented
Wouldn't it be awesome to have a way to merge the chat of two streams and have both video feeds side by side or one above other?
That way, friends can collaborate and get a more solid viewership.
Of course, you will still be able to watch only on of the stream even though multistream is enabled.
Please Twitch! Make this a feature!