Democratic moderation per instance would be ideal, for example a perpetual poll concerning where to direct certain moderation actions.
The report system is inefficient and slow, and I think such a system would lower the bar for users voicing their opinions and it'd ease the responsibility on mods.
A very similar tool (at least in spirit) is the shinigami eyes browser extension that mark thing as trans positive or anti-trans.
I've been working on a moderation tool, but I've kinda given up on it because it's firstly not democratic, and it really didn't ease up the pressure on admins. Quite the contrary, it was a part of why I had to take a break from fedi. So the approach is definitely spreading the responsibility, accountability and availability across the instance. Centralisation and black boxes bad.
Tootsite is a general and moderated instance with a focus on your safety. We're running glitch-soc!