Index Coop and Gitcoin have partnered up to bring the Gitcoin Staked ETH Index (gtcETH) to life. This index token holds a variety of Ethereum liquid staking tokens and is aimed at providing stable, low-risk investment opportunities for interested parties. The core code for gtcETH adheres to the same robust foundation as existing Index Coop products, with a 2% streaming fee, of which 1.75% is distributed to Gitcoin and 0.25% is transferred to Index Coop.
gtcETH offers five compelling benefits, including the opportunity to support Ethereum's public goods funding model, receive financial compensation, and access various liquid staking tokens all through a single token. This index also encourages decentralization by enabling node operators to receive rewards for their support while incentivizing passive holding and auto-rebalancing by promoting an evergreen indexing strategy.
These efforts conserve energy, increase security, and promote a more distributed liquid staking infrastructure without sacrificing performance. All of these factors provide token holders with the opportunity to gain a better understanding of Ethereum's public goods funding model, gain passive income through staking rewards, access a range of liquid staking tokens, improve decentralization, and access a stable, low-risk investment option.
Leonardo Cox
- 2023-03-30
The Exciting Benefits of the gtcETH Index
The gtcETH index token, a collaboration between Index Coop and Gitcoin, holds a variety of Ethereum liquid staking tokens and is aimed at providing stable, low-risk investment opportunities with various benefits.
![CandleFocus gtcETH-IndexCoop-Gitcoin-Ethereum-LiquidStaking](https://images.candlefocus.com/The-Exciting-Benefits-of-the-gtcETH-Index.jpg)