[{"data":1,"prerenderedAt":541},["ShallowReactive",2],{"doc-\u002Fdocs\u002Fnephrite-vs-liquity":3,"nephrite-stats-initial":426},{"_path":4,"_dir":5,"_draft":6,"_partial":6,"_locale":7,"title":8,"description":9,"navTitle":8,"body":10,"_type":420,"_id":421,"_source":422,"_file":423,"_stem":424,"_extension":425},"\u002Fdocs\u002Fnephrite-vs-liquity","docs",false,"","Nephrite vs. Liquity","Where Nephrite copies Liquity, and where it deliberately diverges.",{"type":11,"children":12,"toc":416},"root",[13,21,38,43,50,395,411],{"type":14,"tag":15,"props":16,"children":18},"element","h1",{"id":17},"nephrite-vs-liquity",[19],{"type":20,"value":8},"text",{"type":14,"tag":22,"props":23,"children":24},"p",{},[25,27,36],{"type":20,"value":26},"Nephrite uses the base Liquity design. If you are not familiar with Liquity, the ",{"type":14,"tag":28,"props":29,"children":33},"a",{"href":30,"rel":31},"https:\u002F\u002Fdocs.liquity.org",[32],"nofollow",[34],{"type":20,"value":35},"official Liquity documentation",{"type":20,"value":37}," is the best place to start.",{"type":14,"tag":22,"props":39,"children":40},{},[41],{"type":20,"value":42},"Nevertheless, Nephrite is not just a copy of Liquity on Beam. The differences are summarized in the table below and elaborated in the following chapters.",{"type":14,"tag":44,"props":45,"children":47},"h2",{"id":46},"comparison-table",[48],{"type":20,"value":49},"Comparison table",{"type":14,"tag":51,"props":52,"children":53},"table",{},[54,78],{"type":14,"tag":55,"props":56,"children":57},"thead",{},[58],{"type":14,"tag":59,"props":60,"children":61},"tr",{},[62,68,73],{"type":14,"tag":63,"props":64,"children":65},"th",{},[66],{"type":20,"value":67},"Topic",{"type":14,"tag":63,"props":69,"children":70},{},[71],{"type":20,"value":72},"Nephrite",{"type":14,"tag":63,"props":74,"children":75},{},[76],{"type":20,"value":77},"Liquity",{"type":14,"tag":79,"props":80,"children":81},"tbody",{},[82,101,119,137,154,172,189,207,224,242,259,277,295,312,330,347,365,380],{"type":14,"tag":59,"props":83,"children":84},{},[85,95,98],{"type":14,"tag":86,"props":87,"children":88},"td",{},[89],{"type":14,"tag":90,"props":91,"children":92},"strong",{},[93],{"type":20,"value":94},"Liquidations",{"type":14,"tag":86,"props":96,"children":97},{},[],{"type":14,"tag":86,"props":99,"children":100},{},[],{"type":14,"tag":59,"props":102,"children":103},{},[104,109,114],{"type":14,"tag":86,"props":105,"children":106},{},[107],{"type":20,"value":108},"Liquidator's reward",{"type":14,"tag":86,"props":110,"children":111},{},[112],{"type":20,"value":113},"10 NPH",{"type":14,"tag":86,"props":115,"children":116},{},[117],{"type":20,"value":118},"50 LUSD + 0.5% of debt in ETH",{"type":14,"tag":59,"props":120,"children":121},{},[122,127,132],{"type":14,"tag":86,"props":123,"children":124},{},[125],{"type":20,"value":126},"Liquidation order",{"type":14,"tag":86,"props":128,"children":129},{},[130],{"type":20,"value":131},"From the weakest trove only",{"type":14,"tag":86,"props":133,"children":134},{},[135],{"type":20,"value":136},"Arbitrary",{"type":14,"tag":59,"props":138,"children":139},{},[140,148,151],{"type":14,"tag":86,"props":141,"children":142},{},[143],{"type":14,"tag":90,"props":144,"children":145},{},[146],{"type":20,"value":147},"Recovery mode",{"type":14,"tag":86,"props":149,"children":150},{},[],{"type":14,"tag":86,"props":152,"children":153},{},[],{"type":14,"tag":59,"props":155,"children":156},{},[157,162,167],{"type":14,"tag":86,"props":158,"children":159},{},[160],{"type":20,"value":161},"Stability pool withdrawals",{"type":14,"tag":86,"props":163,"children":164},{},[165],{"type":20,"value":166},"Paused",{"type":14,"tag":86,"props":168,"children":169},{},[170],{"type":20,"value":171},"Not paused",{"type":14,"tag":59,"props":173,"children":174},{},[175,183,186],{"type":14,"tag":86,"props":176,"children":177},{},[178],{"type":14,"tag":90,"props":179,"children":180},{},[181],{"type":20,"value":182},"Frontends",{"type":14,"tag":86,"props":184,"children":185},{},[],{"type":14,"tag":86,"props":187,"children":188},{},[],{"type":14,"tag":59,"props":190,"children":191},{},[192,197,202],{"type":14,"tag":86,"props":193,"children":194},{},[195],{"type":20,"value":196},"Frontend entity",{"type":14,"tag":86,"props":198,"children":199},{},[200],{"type":20,"value":201},"Each Beam desktop wallet is a frontend",{"type":14,"tag":86,"props":203,"children":204},{},[205],{"type":20,"value":206},"Independent economically incentivized operators",{"type":14,"tag":59,"props":208,"children":209},{},[210,218,221],{"type":14,"tag":86,"props":211,"children":212},{},[213],{"type":14,"tag":90,"props":214,"children":215},{},[216],{"type":20,"value":217},"Collateral",{"type":14,"tag":86,"props":219,"children":220},{},[],{"type":14,"tag":86,"props":222,"children":223},{},[],{"type":14,"tag":59,"props":225,"children":226},{},[227,232,237],{"type":14,"tag":86,"props":228,"children":229},{},[230],{"type":20,"value":231},"Collateral token",{"type":14,"tag":86,"props":233,"children":234},{},[235],{"type":20,"value":236},"BEAM",{"type":14,"tag":86,"props":238,"children":239},{},[240],{"type":20,"value":241},"ETH",{"type":14,"tag":59,"props":243,"children":244},{},[245,253,256],{"type":14,"tag":86,"props":246,"children":247},{},[248],{"type":14,"tag":90,"props":249,"children":250},{},[251],{"type":20,"value":252},"Oracles",{"type":14,"tag":86,"props":254,"children":255},{},[],{"type":14,"tag":86,"props":257,"children":258},{},[],{"type":14,"tag":59,"props":260,"children":261},{},[262,267,272],{"type":14,"tag":86,"props":263,"children":264},{},[265],{"type":20,"value":266},"Main oracle",{"type":14,"tag":86,"props":268,"children":269},{},[270],{"type":20,"value":271},"BeamX Network Oracle",{"type":14,"tag":86,"props":273,"children":274},{},[275],{"type":20,"value":276},"Chainlink",{"type":14,"tag":59,"props":278,"children":279},{},[280,285,290],{"type":14,"tag":86,"props":281,"children":282},{},[283],{"type":20,"value":284},"Fallback oracle",{"type":14,"tag":86,"props":286,"children":287},{},[288],{"type":20,"value":289},"Phase 1: Nephrite team. Phase 2: decentralized oracle network.",{"type":14,"tag":86,"props":291,"children":292},{},[293],{"type":20,"value":294},"Tellor",{"type":14,"tag":59,"props":296,"children":297},{},[298,306,309],{"type":14,"tag":86,"props":299,"children":300},{},[301],{"type":14,"tag":90,"props":302,"children":303},{},[304],{"type":20,"value":305},"Secondary token",{"type":14,"tag":86,"props":307,"children":308},{},[],{"type":14,"tag":86,"props":310,"children":311},{},[],{"type":14,"tag":59,"props":313,"children":314},{},[315,320,325],{"type":14,"tag":86,"props":316,"children":317},{},[318],{"type":20,"value":319},"Utility",{"type":14,"tag":86,"props":321,"children":322},{},[323],{"type":20,"value":324},"BEAMX (BeamX DAO governance token) ¹",{"type":14,"tag":86,"props":326,"children":327},{},[328],{"type":20,"value":329},"LQTY (pure profit-sharing token)",{"type":14,"tag":59,"props":331,"children":332},{},[333,341,344],{"type":14,"tag":86,"props":334,"children":335},{},[336],{"type":14,"tag":90,"props":337,"children":338},{},[339],{"type":20,"value":340},"Privacy",{"type":14,"tag":86,"props":342,"children":343},{},[],{"type":14,"tag":86,"props":345,"children":346},{},[],{"type":14,"tag":59,"props":348,"children":349},{},[350,355,360],{"type":14,"tag":86,"props":351,"children":352},{},[353],{"type":20,"value":354},"Stablecoin",{"type":14,"tag":86,"props":356,"children":357},{},[358],{"type":20,"value":359},"Confidential",{"type":14,"tag":86,"props":361,"children":362},{},[363],{"type":20,"value":364},"Pseudonymous",{"type":14,"tag":59,"props":366,"children":367},{},[368,372,376],{"type":14,"tag":86,"props":369,"children":370},{},[371],{"type":20,"value":305},{"type":14,"tag":86,"props":373,"children":374},{},[375],{"type":20,"value":359},{"type":14,"tag":86,"props":377,"children":378},{},[379],{"type":20,"value":364},{"type":14,"tag":59,"props":381,"children":382},{},[383,387,391],{"type":14,"tag":86,"props":384,"children":385},{},[386],{"type":20,"value":217},{"type":14,"tag":86,"props":388,"children":389},{},[390],{"type":20,"value":359},{"type":14,"tag":86,"props":392,"children":393},{},[394],{"type":20,"value":364},{"type":14,"tag":396,"props":397,"children":398},"blockquote",{},[399],{"type":14,"tag":22,"props":400,"children":401},{},[402,404,409],{"type":20,"value":403},"¹ BEAMX is not a secondary token of Nephrite by default — see ",{"type":14,"tag":28,"props":405,"children":407},{"href":406},"\u002Fdocs\u002Fsecondary-token",[408],{"type":20,"value":305},{"type":20,"value":410},".",{"type":14,"tag":22,"props":412,"children":413},{},[414],{"type":20,"value":415},"The next chapters explain each of these differences.",{"title":7,"searchDepth":417,"depth":417,"links":418},2,[419],{"id":46,"depth":417,"text":49},"markdown","content:docs:06.nephrite-vs-liquity.md","content","docs\u002F06.nephrite-vs-liquity.md","docs\u002F06.nephrite-vs-liquity","md",{"ok":427,"height":428,"tcr":429,"recoveryMode":6,"priceUsd":430,"priceFeed":431,"totalCollateralBeam":432,"totalDebtNph":433,"stabilityPoolNph":434,"stabilityPoolCollateralBeam":435,"nphSupply":433,"trovesCount":436,"troves":437,"distribution":518,"inWallets":539,"fetchedAt":540},true,3846980,561.712,0.01993757,"Main Oracle",6348603.90887688,22533.90880888,580.87794149,6271.32950897,16,[438,443,448,453,458,463,468,473,478,483,488,493,498,503,508,513],{"number":439,"collateralBeam":440,"debtNph":441,"icr":442},86,479810.81176225,1855.45723077,515.574,{"number":444,"collateralBeam":445,"debtNph":446,"icr":447},6,229410.08676601,880.41031086,519.517,{"number":449,"collateralBeam":450,"debtNph":451,"icr":452},187,971278.79810576,3552.54045368,545.101,{"number":454,"collateralBeam":455,"debtNph":456,"icr":457},79,59778.59845405,215.76907258,586.481,{"number":459,"collateralBeam":460,"debtNph":461,"icr":462},7,1256539.15022453,4530.2636498,553,{"number":464,"collateralBeam":465,"debtNph":466,"icr":467},166,220059.45822805,791.03353947,554.648,{"number":469,"collateralBeam":470,"debtNph":471,"icr":472},26,187897.07208358,673.19057814,556.486,{"number":474,"collateralBeam":475,"debtNph":476,"icr":477},87,177573.25837021,635.12684387,557.429,{"number":479,"collateralBeam":480,"debtNph":481,"icr":482},297,250000.05855462,893,558.163,{"number":484,"collateralBeam":485,"debtNph":486,"icr":487},29,2000000,7000,569.645,{"number":489,"collateralBeam":490,"debtNph":491,"icr":492},25,137923.43918308,453.81054615,605.949,{"number":494,"collateralBeam":495,"debtNph":496,"icr":497},319,200000,620,643.147,{"number":499,"collateralBeam":500,"debtNph":501,"icr":502},219,4457.82226888,13.65104632,831.621,{"number":504,"collateralBeam":505,"debtNph":506,"icr":507},22,44809.37938605,133.67018352,710.294,{"number":509,"collateralBeam":510,"debtNph":511,"icr":512},147,103192.56071763,275.49087584,746.816,{"number":514,"collateralBeam":515,"debtNph":516,"icr":517},4,25873.41477216,10.49447788,5101.878,[519,523,527,531,535],{"cid":520,"kind":521,"nph":522},"b8944fd3f6a62697a89b2a55acd1cb2e3893dadece99569706efa1da847dd440","Nephrite v1",740.87794149,{"cid":524,"kind":525,"nph":526},"5ab408982b148210e88f180114f10222a2235eafeede0a3a224fda0e523e17b7","BlackHole",0.1,{"cid":528,"kind":529,"nph":530},"0066b12078623df132b691001b25d7eb94b207b42c018020c9e58152e21ecd25","DaoVault v0",4693.48670231,{"cid":532,"kind":533,"nph":534},"729fe098d9fd2b57705db1a05a74103dd4b891f535aef2ae69b47bcfdeef9cbf","DEX v0",6928.0799785,{"cid":536,"kind":537,"nph":538},"100c9507436313a41b64f0cc81b4e5582f265852422c8967d4347dcbb94d756f","Faucet2",1e-8,10171.364186570001,1777976198756,1777976685979]