To Govern or Not to Govern

About the Bounty

Explain how to create a proposal by using a governance protocol. What governance protocol would you use, and what is the proper way to set up quorum, and voting rules? Show us how you would explain these concepts to a crypto native that is knowledgeable of all basic blockchain terminology. If there isn’t enough information on the topic, review the purpose of a governance, and why it is relevant to the greater ethos of blockchain.

Evaluation Criteria

• Simplicity and clarity. Make the complex feel easy.

• Accessibility. Aim for clarity and relatability; your explanation should be something a crypto native could follow effortlessly.

• Originality. Stand out with a fresh, unique take on your topic.

Winner selection is at the full discretion of the GREED Academy team.

Rewards

The top 3 winners will share a prize pool of up to $1500:

🥇 - 500USDC
🥈 - 300USDC

🥉 - 200USDC

All winners and participants can choose to receive their prize as USDC or opt for a 50% bonus by receiving it as locked SOL, staked in the GREED Validator for 60 days. (Example: you can either receive 500USDC or $750 worth of locked $SOL)

Rules

• Crypto-friendly language. Make sure to include crypto jargon and complex terms. English language only.

• Media flexibility. All media types are welcome (threads, long-forms, articles, videos, presentations, anything), with a maximum of 6 minutes for video or the equivalent reading time.

• Submission requirements. Publish your entry on X (Twitter), include the link if it's external (Medium, Substack, Youtube), tag @GreedAcademy and use the hashtag #GreedBounty.
  

Usage rights. All submissions may be used by GREED Academy for educational purposes and will be archived on the GREED Academy website for anybody to read and access in the future.

GREED Academy is an educational initiative focused on helping people navigate the crypto ecosystem. Good luck to all the participants!

Good luck to all!