# V1 GBL Bot ### V1 GBL Bot FEATURE HAS EXPIRED! **ALL ORDERS HAVE BEEN CLOSED 100%, AND USERS ARE ELIGIBLE TO CLAIM THEIR SWAPPING INCOME IN "GBL".** *** #### Swap V1: A Legacy of WaveSwaps Innovation Swap V1 was the cornerstone of the WaveSwaps ecosystem, offering an intuitive and user-friendly model for unlocking token liquidity. Unlike traditional staking mechanisms, Swap V1 rewarded participants by redistributing already-circulated GBL tokens through swapping activities, rather than through minting or emissions. Users initiated Swap V1 by providing GBL liquidity paired with an equivalent amount of recycle tokens. This pairing was calculated based on the GBL-to-token exchange rate on decentralized exchanges (DEXs). *** #### Transparent Rewards and Liquidity Distribution The Swap V1 reward mechanism ensured users received **36% more GBL tokens** than their initial liquidity contribution, derived exclusively from swapping activities. The exit value remained consistent regardless of GBL's market price, guaranteeing transparency and fairness. **Liquidity Distribution:** * **30%** of the liquidity provided was allocated to the oldest swap by timestamp. * The remaining **70%** was proportionally distributed among all active swaps. Once a Swap V1 reached **136% of its target value**, it automatically closed, enabling users to claim their GBL tokens and transfer them to their MetaMask wallets. *** #### Closure of V1 GBL Bot and Balance Execution With the expiration of the V1 GBL Bot feature, all orders—both initial and active—have been fully executed. Users who initiated claims during the feature's operation saw their orders processed completely. This ensures fairness, transparency, and a consistent user experience as WaveSwaps transitions beyond V1 functionality. *** #### DAO Governance: Ensuring Transparency DAO voters played a pivotal role in shaping Swap V1 and its mechanisms. They governed critical aspects such as: * Execution time limitations for Swap V1. * Adjustments to liquidity allocation percentages. * Proposals for future upgrades and integrations. *** #### A Reflection of the Proof-of-Stake Model Swap V1 mirrored the principles of the proof-of-stake cryptocurrency model, where users staked GBL tokens to earn rewards in the form of additional GBL tokens. This approach fostered long-term commitment, stability, and active participation within the ecosystem. *** #### Legacy and Looking Forward While Swap V1 (updated to V1 GBL Bot) feature have concluded, their success laid the foundation for future innovations. WaveSwaps remains committed to transparency, decentralization, and empowering its community, ensuring its ecosystem continues to evolve and thrive. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.waveswaps.com/swaps/v1-gbl-bot.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.