My current strategy for farming N1 Perps DEX: BTC/ETH relative-strength hedging.
I've been experimenting with a simple approach to generate N1 trading volume while keeping directional exposure under control.
Here's how I do it. 🧵
1/ The strategy
I trade BTC and ETH in opposite directions:
• Long BTC / Short ETH
• Or Short BTC / Long ETH
The idea is to follow the stronger asset and take the opposite position on the other one.
2/ Finding the stronger asset
I use 1-minute Heikin Ashi candles on both BTC and ETH.
I compare their short-term momentum and look at which asset is showing stronger movement, either upwards or downwards.
If BTC is showing more strength, I follow its direction and take the opposite position on ETH.
If ETH is stronger, I do the reverse.
3/ Market orders or limit orders?
Personally, I use market orders.
When volatility is high, I prefer getting both positions filled quickly rather than missing the move.
Limit orders can also work, especially in calmer markets, but you need patience.
Choose what suits your trading style and market conditions.
4/ Trading costs
Based on my experience, generating $100K in volume costs me around $25–$30 on average, approximately $27.50
That's roughly $275 per $1M in volume.
Your actual costs will depend on fees, spreads, slippage and funding.
5/ Don't forget the points!
N1 rewards more than just trading volume:
• Execution
• Trading momentum
• Market Support
• Capital Commitment
• Social activity
• Referrals
N1 Affiliate referrals also give you an additional 10% weekly Points Bonus, compared with the standard 5%.
6/ What about the potential value?
My current working estimate is around $20 per 100K N1 points, or approximately $200 per million.
Of course, this is purely speculative.
The eventual value will depend on the total $N1 token supply, the airdrop allocation and the final FDV.
Based on my previous calculations, I see a potential range of $25–$1,000 per 100K points under different valuation and allocation scenarios, with $100M FDV as my upper valuation assumption.
https://x.com/Adaminssane/status/2113534636756258838
Nothing is guaranteed.
Final thoughts
This is simply the strategy I'm currently using and sharing from my own experience.
BTC/ETH hedging is not completely market-neutral: you're still exposed to relative price movements, execution risks and liquidation.
Always manage your risk and calculate your real costs.
Let's keep farming smart.
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Join through my link for a 10% weekly Points Bonus and a 5% trading fee discount.
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