How to use Nephrite

A practical walkthrough of the Nephrite dApp, from installing a Beam wallet to opening a Trove, depositing into the Stability Pool, triggering liquidations, and redeeming NPH.

This guide is adapted from the BeamBots community write-up — see the original article for inline screenshots.

Adding screenshots: drop the images into public/assets/how-to/ (e.g. 01-wallet.png, 02-publisher.png, …) and they'll be referenced from the <img> tags below.

1. Set up the Beam wallet

1. Download the Beam wallet from beam.mw/downloads.
2. Run the installer and complete wallet creation.
3. Save your seed phrase and set a password.
4. Choose the recommended node connectivity settings.
5. Allow time for wallet data to rebuild — required for privacy.
6. Obtain initial BEAM using the Faucet dApp in the dApps tab.

2. Install the Nephrite dApp

1. Open the dApps tab and click the settings button.
2. Select Add publisher.
3. Enter the Nephrite publisher key:

   ec725486345d3d36e7dd2eb6f736ee31f826f0f0f78717127c1c29cd14323b5600
   

4. Back in the dApps tab, click Install next to Nephrite, then Launch.

3. The main interface

Nephrite exposes four operations:

• Trove — open and manage your collateralized debt position.
• Stability Pool — deposit NPH to absorb liquidations and earn rewards.
• Liquidation — trigger liquidation of undercollateralized troves.
• Redemption — exchange NPH for BEAM at the oracle price.

4. Trove operations

Opening a Trove

Provide BEAM collateral and mint NPH against it.

• Individual Collateral Ratio (ICR) must be above 110 %.
• Keeping ICR above 150 % is strongly recommended to avoid liquidation.
• The system charges a floating issuance fee plus a fixed liquidation reserve (returned when you close the trove).

Adjusting a Trove

You can adjust your position at any time:

• Deposit or withdraw BEAM collateral.
• Borrow additional NPH, or repay existing debt.
• Every adjustment must keep ICR ≥ 110 %.

Closing a Trove

Repay all outstanding NPH debt. The liquidation reserve is automatically returned.

5. Stability Pool

Deposit NPH

Depositing NPH earns:

• Per-block liquidity mining rewards (BEAMX).
• Liquidation revenue — when troves are liquidated, the Stability Pool absorbs the debt and receives discounted BEAM.

Manage your position

• Withdraw any portion of your deposit at any time (except during Recovery Mode).
• Top up an existing deposit.
• Claim all accumulated rewards in one transaction.

6. Liquidations

Anyone can liquidate undercollateralized troves:

• You only pay the transaction (gas) fee.
• You receive the liquidation reserve as a reward.
• You can liquidate up to 10 troves per transaction.

Liquidations always proceed from the weakest trove first — see Liquidations.

7. Redemption

Anyone can redeem NPH for BEAM at the current oracle price.

Redemptions are disabled for the first 14 days after Nephrite launch.

Support

• Twitter: @NephriteMoney
• Beam Forum — Nephrite category