From equation, it is evident that curves are symmetric about $y=x$
So I tried writing the equations of tangents $$k=mh +\frac{1}{4m}$$ and $$h=mk-\frac{m^2}{4}$$
Where $(h,k)$ is a point on curve 1
But on plugging $m=1$ the lines turn out to be coincident, and not two separate parallel lines. I was hoping to find $(h,k)$ by solving these two equations but that clearly isn’t working. What should I do?
Per the symmetry with respect to $y=x$, the tangent is $1$ at $P $ and $-1$ at $R$. Then, set $y’=(x^2+1)’=2x =\pm 1$ to obtain $P(\frac12,\frac54)$ and $R(-\frac12,\frac54)$. As a result, $PR=1$, their distances to the symmetry line $y=x$ are respectively $\frac3{4\sqrt2}$ and $\frac7{4\sqrt2}$, and the height of the trapezoid $PQRS $ is $\frac{PR}{\sqrt2} $. Thus, the area is $$ 2\cdot \frac12(\frac3{4\sqrt2}+ \frac7{4\sqrt2}) \frac1{\sqrt2}=\frac54 $$