$INK is confirmed. The xStocks airdrop isn’t, at least not yet. But a single deposit on Nado can farm points toward both at the same time, which makes this one of the more capital-efficient double-dips in the Hyperliquid-adjacent ecosystem right now.
Here’s the mechanic, and why the window on it is time-boxed.
How the double-dip works
Nado, Kraken’s perp DEX on Ink Chain, recently added xStocks as usable collateral. That single integration is what makes the double-dip possible: activity on Nado using xStocks assets earns rewards on both sides at once.
- Deposit funds to Nado.
- Buy xStocks via spot markets. This earns a volume-tiered xPoints boost on the xStocks side, plus Nado Points on the Nado side, from the same trade.
- Hold your xStocks position on Nado. Holding rather than flipping adds a further 25% xPoints boost.
- Hedge with a matching perp short to stay delta-neutral. Buy a tokenized stock spot (say $NVDAx) on Nado, then short the same size in $NVDA perps. Your net exposure to the stock price is roughly flat, so you’re farming both point systems without taking a directional bet on the underlying equity.
The example the strategy is built around: buy NVDAx spot on Nado, short an equal amount of NVDA perps. Price moves up, price moves down, your position barely notices either way. The points keep accruing regardless.
What’s actually confirmed here
Worth being precise about this, because the two reward streams are not the same quality of bet.
Nado Points convert to $INK at TGE, expected Q3 2026. This is the confirmed leg. Ink Chain’s token event has a real timeline, and Nado Points are a stated qualifier.
xPoints are tied to a potential xStocks airdrop that has not been confirmed. There’s no token, no tokenomics, and no announced TGE for xStocks. It’s a points program right now, nothing more. The Nado Points side of this trade is doing the confirmed heavy lifting; the xPoints side is the speculative upside layered on top for free, since you’re already doing the trade for INK.
That framing matters. If you were only farming for a maybe-someday xStocks token, the case would be weaker. Because the same trade also builds toward a confirmed INK allocation, the xPoints become a bonus rather than the entire thesis.
Why the timing matters
There are 84 days left on the current xPoints boost structure. Point multipliers like these tend to shrink or reset as programs mature and more capital piles in, so the volume-tiered boost and the 25% hold bonus are both worth more today than they likely will be closer to the window’s end.
Getting the extra boost
Joining xStocks through the referral link below adds a 20% boost on top of your xPoints earned, on the same activity you’d be doing anyway. Join xStocks with the 20% boost.
The bottom line
This is a genuinely efficient setup: one deposit, one hedged position, two point systems, and one of those two systems sits behind a confirmed token with a real timeline. The delta-neutral structure means you’re not taking on directional stock risk to farm it, which is the part that makes it worth doing even if you have no view on NVDA or any other underlying name.
NFA, DYOR. Perp hedges carry funding rate costs and liquidation risk if the hedge isn’t sized and monitored correctly. The xStocks airdrop is unconfirmed and may never happen. Only deposit what you can afford to have tied up for the duration of the campaign.
