> For the complete documentation index, see [llms.txt](https://docs.gammaswap.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gammaswap.com/legacy-v1/about.md).

# About

GammaSwap V1 was built to bring convexity onchain through AMMs without liquidations or oracle dependencies. Users could borrow liquidity from AMMs to hedge Impermanent Loss or to speculate on volatility or price direction of any token.&#x20;

The team believes prediction markets enable the same type of risk exposure in a much more capital efficient and easier to understand format. Therefore the team redirected its efforts to improve the experience of trading prediction markets for cryptocurrency assets on-chain.

*Note: the core team is no longer actively developing V1 or incentivizing it. All development and growth is focused on V2.*


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