Nephrite
Documentation
Technical documentation for Nephrite — collateral, stability pool, redemptions, oracles, and BeamX DAO integration.
- 01
Introduction
What Nephrite is, and why a confidential stablecoin matters.
- 02
Bitcoin is not enough
Why bitcoin alone cannot become money — volatility and privacy.
- 03
Partial solutions
Stablecoins and privacy coins each solve only half of bitcoin's problem.
- 04
Choosing the stablecoin design
Why Nephrite uses Liquity's design as its reference.
- 05
Choosing the privacy technology
Why Nephrite is built on Beam.
- 06
Nephrite vs. Liquity
Where Nephrite copies Liquity, and where it deliberately diverges.
- 07
Liquidations
How liquidations work and what is different from Liquity.
- 08
Recovery mode
Why Stability Pool withdrawals pause when the system is under stress.
- 09
Frontends
Why Nephrite doesn't need third-party frontend operators.
- 10
Collateral & volatility
BEAM as collateral, the 110% MCR, and how BEAM compares to ETH and other privacy coins.
- 11
Oracles
The two-oracle setup that Nephrite uses to price BEAM.
- 12
Secondary token (BEAMX)
How Nephrite distributes fees through BeamX DAO instead of issuing its own profit-sharing token.
- 13
Privacy
All three Nephrite assets are confidential — collateral, stablecoin, and secondary token.
- 14
Roadmap
Three phases — Test mode, Limited upgradeable mode, Immutable mode.
- 15
How to use Nephrite
A step-by-step walkthrough of the Nephrite dApp inside the Beam wallet — from setup to redemption.