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stress.",{"_path":153,"title":154,"description":155},"\u002Fdocs\u002Ffrontends","Frontends","Why Nephrite doesn't need third-party frontend operators.",{"_path":157,"title":158,"description":159},"\u002Fdocs\u002Fcollateral","Collateral & volatility","BEAM as collateral, the 110% MCR, and how BEAM compares to ETH and other privacy coins.",{"_path":161,"title":162,"description":163},"\u002Fdocs\u002Foracles","Oracles","The two-oracle setup that Nephrite uses to price BEAM.",{"_path":165,"title":166,"description":167},"\u002Fdocs\u002Fsecondary-token","Secondary token (BEAMX)","How Nephrite distributes fees through BeamX DAO instead of issuing its own profit-sharing token.",{"_path":169,"title":170,"description":171},"\u002Fdocs\u002Fprivacy","Privacy","All three Nephrite assets are confidential — collateral, stablecoin, and secondary token.",{"_path":173,"title":174,"description":175},"\u002Fdocs\u002Froadmap","Roadmap","Three phases — Test mode, Limited upgradeable mode, Immutable 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