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The Gitcoin Staked ETH Index (gtcETH) has arrived! | 3/8 Newsletter
The Gitcoin Staked ETH Index (gtcETH) has arrived! | 3/8 Newsletter
Read on for more information about what public goods are and how to buy gtcETH.
3/8/2023
Index Coop
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Say Hi To gtcETH!
We’re thrilled to announce the launch of our next index token in partnership with Gitcoin: the Gitcoin Staked ETH Index (gtcETH)!
1.75% of the streaming fee from the Gitcoin Staked ETH Index will go to Gitcoin to support public goods.
Like our dsETH token, at launch, gtcETH is composed of rETH (Rocket Pool), wrapped stETH (Lido), and sETH2 (StakeWise).
Read on for more information on gtcETH, including:
What are public goods?
How to buy gtcETH
A look at our risk framework
— The Index Coop team
What are Public Goods?
One of the reasons we’re so excited about launching the Gitcoin Staked ETH Index (gtcETH) and partnering with Gitcoin is the ability to give back to public goods.
A "public good" is something anyone can use, and using it does not prevent others from using it. One example is open-source software.
Gitcoin has supported many open-source projects that have helped grow the Ethereum ecosystem, including Uniswap, Optimism, Yearn Finance, Dune Analytics, POAP, WalletConnect, Ethers.js, and 1inch.
Learn more about Gitcoin and Public Goods
How to Buy gtcETH
If you’re looking for a simple way to contribute to Gitcoin Grants, there’s no reason to wait until the next funding round.
gtcETH is currently available on various platforms and DEXs. But to ensure that your trade gets the best price for your purchase size, we highly recommend using the Index Coop App.
Ethereum
If you need additional help, don’t hesitate to contact our team via Discord.
Providing A Framework to Understand Risk
Our Product team recently developed the Product Indicative Risk Framework. This tool helps people assess the risks of a product before allocating funds. Our framework uses a balance of numbers and observations to create a score that displays the approximate risk of our products.
The scores are broken down into intrinsic and extrinsic risks and labeled from low to high risk. We’ve made these scores publicly available, but they are only for informational purposes and do not provide financial advice. The scores are periodically reviewed and updated when products are modified.
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