Gitcoin announced the details of gtcETH (Gitcoin Staked ETH Index). gtcETH was created in cooperation with the Index Coop community, a cryptocurrency index protocol. It is a separate token that can provide funds for Gitcoin Grants through ETH pledge rewards. The token will be based on Index Protocol built and includes Rocket Pool, Lido, and StakeWise liquidity collateralized tokens. Foresight News previously reported that the Gitcoin and Index Coop communities voted on March 4 to approve the proposal of "cooperating to launch the Gitcoin Staked ETH Index".