Please describe your proposed solution
Cryptofluency will produce free online courses to educate learners about Cardano’s DeFi opportunities. Programs confront risks, explore rewards, provide walkthroughs & highlight participation strategies that align with varied risk levels. Content will bridge a learner from absolute beginner with no wallet to engaged participant with in-depth knowledge about the Cardano DeFi ecosystem.
The course videos will invite interviews with DeFi founders and influential thinkers who are interested in sharing their insights and expertise. This participation introduces the community to the people building in our space.
The Cryptofluency team will partner with three respected Cardano learning management platforms: Olympus Insights, Work Courses, and Andamio, to provide and market the courses to a broad audience. The community will benefit from this collaborative experimentation with decentralized learning models. Learners who successfully complete the course can earn special credential tokens that unlock future rewards, roles and opportunities.
To further demonstrate the power of collaboration within the Cardano ecosystem, the courses will include optional workbooks learners can mint as Decentralized Encrypted Assets, or DEAs, on Stuff.io platform. Stuff.io is pioneering new technology that empowers people to own their own digital stuff. These digital workbooks let learners assess their comprehension using an "apply and verify" review method, which completes the learning cycle and prepares them for the next levels. Incorporating workbooks through Stuff.io introduces participants to a new asset class - Decentralized Encrypted Assets - which expands their understanding of value in the Cardano ecosystem.
This proposal will provide the DeFi courses for the community AND demonstrate three models future educators can replicate to incorporate Cardano's LMS resources in their content delivery. Demonstrated methods will pave the way for influencers, course authors and content creators to migrate their Web2 content and their audiences to a Web3 environment, encouraging onboarding. These models and their attributes will be outlined in the close-out videos.
All four platforms will proactively co-market the courses with Cryptofluency so that it reaches diverse audiences on multiple channels and compounds outreach efforts.
Finally, this proposal includes budget for marketing the opportunity to audiences <u>BOTH</u> in the Cardano ecosystem <u>AND</u> new to it so that we focus on bringing new participants to Cardano. We have enlisted team members with extensive expertise in marketing to make sure we expand the reach of this knowledge far beyond our current community.
<u>How do you perceive the problem you are solving?:</u>
We perceive this problem as a chasm that needs a bridge. On one side of the chasm, we have a vibrant and enthusiastic community of people who are excited about all the opportunities of the Cardano ecosystem of DeFi. On the other side of the chasm, we have a robust collection of Cardano DeFi protocols deployed on Mainnet and ready for participation. We also have incredible teams building educational platforms and frameworks that can use decentralized learning features to share knowledge.
Cardano DeFi has yet to be adopted and fully embraced by most Cardano holders.
The chasm exists because there is a lack of experiential education to bridge the community from its current hesitant position to a position of knowledgeable confidence. That means the entire ecosystem is missing out on the collective knowledge that would be gained by the merging of the community and the tools. This can safely increase liquidity in the Cardano ecosystem.
This educational content should comprehensively inform the community, starting with analyzing the risks, providing experiential guidance and incorporating step-by-step demonstrations. This empowers learners with an educational foundation. We propose to do exactly that.
<u>Who will your project engage?:</u>
The courses will be free and accessible to learners of all types, backgrounds, and experiences.
We particularly intend these three types of learners:
- Cardano community members (ADA holders) who have not yet ventured into using DeFi instruments, or who may only be staking their positions.
- Crypto holders who are active in other blockchain DeFi environments who have yet to discover the brilliance of Cardano’s DeFi instruments.
- New crypto enthusiasts who want to get started in the crypto space, engage in Cardano and leverage our ecosystem’s unparalleled DeFi opportunities. It is for this group that we have included the “Fundamentals” in COURSE 2.
About the DeFi Programming:
Cryptofluency’s proposed online DeFi programming includes four initial courses that educate learners about Cardano’s diverse DeFi instruments and prepare them to take part. As learners advance through the material, they delve deeper into Cardano’s DeFi offerings.
Each lesson builds on the previous for progressive, cumulative learning. The four series lead learners through the most relevant topics and concepts to help them take part with confidence, protect their assets, and explore Cardano’s DeFi tools.
Learners can then practice their knowledge by getting involved in the space they are studying according to their interest, goals and comfort with risks involved.
The use case course topics (three and four below) includes thorough explanations of risks and benefits, follow-along demonstrations of tools, walkthrough tutorials for different actions, and participation strategies. The participation strategies are ranked low, medium and high risk to help the learners align their comfort levels with their DeFi decision-making.
Our four initial DeFi course topics are:
- COURSE 1: HISTORY & EMERGENCE OF DECENTRALIZED FINANCE TOOLS
- COURSE 2: FUNDAMENTALS FOR PARTICIPATING IN CARDANO
- COURSE 3: DECENTRALIZED EXCHANGES (DEXes) (USE CASE)
- COURESE 4: DECENTRALIZED LENDING & BORROWING (USE CASE)
The curriculum is further outlined below. The course content will be “living,” meaning we will regularly update it, add to it, and adapt it over time as the Cardano technology stack evolves.
Educational Format:
For these courses, we will deliver each lesson in short, digestible 10-15 minute videos. The lesson videos will explain specific concepts and/or include follow-along demonstrations of Cardano’s protocols. We have included links below to three recent DeFi series on our channel that illustrate style and methods.
The courses feature accompanying workbooks and practice exercises so that learners can apply the skills equipped in each lesson. Courses also include a cumulative “review” delivered in quiz form so learners can confirm their answers.
This “apply and verify” process enables the student to check their work and creates the opportunity for credentials on completion. It also improves learning retention, demystifies the process, and establishes a solid DeFi knowledge base. Completing the course has the learner experience new Cardano tools: Work Courses, Andamio, Olympus Insights and Stuff.io.
Seeing these review results will also provide us with valuable data about how learners are progressing in the Cardano DeFi space.
Here are Three Examples of DeFi Series We've Recently Produced:
- Cardano DeFi 7-Part Strategy Series
- Cardano DeFi Deep Dive
- 3 Calculations for Undervalued vs. Inflated Cardano Tokens
Cryptofluency DeFi Course Curriculum:
COURSE 1: HISTORY & EMERGENCE OF DECENTRALIZED FINANCE TOOLS
Overview: This course familiarizes the learner with decentralized finance concepts, structures and use cases.
Course Goal: The learner is fluent in core DeFi concepts, how they work, and their relationships to each other. The learner is prepared to advance into the use case deep dives in Courses 3 and 4.
- Centralized Finance vs. Decentralized Finance
- Cardano DeFi vs. Other Blockchain Ecosystems
- Decentralized Applications
- Decentralized Autonomous Organizations (DAOs)
- Decentralized Exchanges
- Decentralized Lending & Borrowing
- Governance & Voting
- Platform Use Cases
COURSE 2: FUNDAMENTALS FOR PARTICIPATING IN CARDANO (BASICS)
Overview: This course is a walkthrough of the process for getting involved in the Cardano ecosystem. It helps a learner acquire ADA, secure it and leverage it according to their interests. This course is designed for those who do not possess ADA or have limited knowledge about the included Cardano opportunities.
Course Goal: Learners accomplish the prerequisites for participation in Cardano DeFi. Learners have the knowledge necessary to acquire ADA, store it in a wallet and use it within the Cardano ecosystem for diverse purposes. They are familiar with the decentralized concepts needed to move further in the subsequent courses.
- Choosing & Setting Up a Cardano Wallet
- Securing Cardano Assets
- Staking & Stake Pools
- Testnet Faucets
- Cardano Decentralized Exchanges (DEX)
- Acquiring Cardano Native Tokens on a DEX
- Understanding Market Capitalization and Tokenomics
- Basics of Staking, Liquidity Providing (LP) & Yield Farming (Concepts)
- Decentralized OnChain Governance
- Decentralized Autonomous Organizations (DAO)
- Improvement Proposals, Voting Rounds, Voting Power
- Monitoring Your Positions
- Crypto Resources: CoinGecko, TradingView, TapTools, Defillama, and Others
COURSE 3: DECENTRALIZED EXCHANGES (DEXes)
Overview: Decentralized Exchanges offer the opportunity for leveraging assets in diverse ways. There are two types of Cardano DEXes with different considerations, risks, and benefits.
Course Goal: The learner understands how decentralized exchanges can be utilized for different participation strategies and is clear about the risks and responsibilities involved.
- Automated Market Maker DEXes
- Exploration of Risks: Impermanent Loss
- Exploration of Benefits: Multiple Yield Options
- Walkthrough Demonstration using Cardano AMM DEXes
- Different AMM DEX Participation Strategies in Action:
- Passive: Vault Staking (Low Risk)
- Active: Liquidity Providing (Medium Risk)
- Aggressive: Liquidity Bootstrapping Events, Zap Features & Arbitrage (High Risk)
- Order Book DEXes
- Exploration of Risks: Human Error & Learning Curve
- Exploration of Benefits: Multiple Yield Options
- Walkthrough Demonstration using Cardano Order Book DEXes
- Different Order Book DEX Participation Strategies in Action:
- Passive: Vault Staking (Low Risk)
- Active: Liquidity Providing (Medium Risk)
- Aggressive: Market Making & Arbitrage (High Risk)
COURSE 4: DECENTRALIZED LENDING & BORROWING
Overview: Decentralized Lending and Borrowing introduces unprecedented financial instruments for leveraging cryptocurrency assets. Cardano’s eUTxO accounting model and novel liquid non-custodial staking capabilities elevate Cardano’s lending and borrowing platforms above all other crypto ecosystems.
Course Goal: The learner understands risks and opportunities for staking, supplying/lending, borrowing against assets, and debt leveraging. They are also familiar with safeguard practices and responsibilities associated with Market Participation.
- How does Decentralized Lending & Borrowing work?
- Risks of Supplying/Lending Your Assets
- Benefits of Supplying/Lending Your Assets
- Risks of Borrowing Assets
- Benefits of Borrowing Assets
- Liquidation & Health Factor Considerations
- Market Participation Rewards
- Different Participation Strategies in Action:
- Passive: Supplying/Lending Only vs. Staking Only OR Both (Low Risk)
- Active: Borrowing Against Your Supplied Assets (Medium Risk)
- Aggressive: Debt Leveraging Strategies (High Risk)
- Understanding the Responsibility for Your Decisions & Actions
Course lessons are subject to re-arrangement and change during production.
<u>What are your reasons for approaching it in the way that you have?:</u>
Our intention is to make this content accessible and digestible for learners. We prioritize explaining risk to ensure that learners are well informed. Each lesson builds on the previous so that the material gets increasingly technical as the learner progresses.
The curriculum structure is the aggregation of our personal experience in the space, extensive research and analysis and two years educating crypto enthusiasts one-on-one, in consulting groups, and via our YouTube channel, Cryptofluencyio.
We have proven this curriculum to be the MVK (minimum viable knowledge) people need to understand and make their own decisions with confidence.
To demonstrate maximum collaboration with other Cardano education hubs, we will deliver this programming on three platforms that have built their learning management systems (LMS) on the Cardano blockchain. These include: Olympus Insights, Work Courses, and Andamio. We may also offer the course on our cryptofluency.io website.
The workbooks minting on Stuff.io introduces the DEA technology to new users, allows them to own their digital materials and closes the learning loop for highly interactive education.
Working with these teams will show new diverse ways that decentralized solutions can advance the overall knowledge base of a community through creative credentialing, incentivized learning and new roles and opportunities for credentialed learners.
<u>How will you demonstrate or prove your impact?:</u>
We will measure course impact and engagement using these four platforms’ analytics. Each platform provides different data that can be assessed individually and compared comprehensively for specific and broad patterns.
Beyond the fundamental quantitative measures, like number of students enrolled, courses completed, credentials distributed and the like, we will gain in-depth knowledge about the learners' successful engagement in the content. For example, work.courses "quiz" feature can help a learner evaluate her understanding of the materials. Stuff.io will be able to follow a learner's involvement with the workbooks in greater and greater detail as the tools advance.
We will also ask course participants to provide personal testimonials and stories. As part of our ongoing efforts to improve and update course curriculum, we will be regularly requesting feedback from enrolled learners. These details can be available to the public on our website and in our proposal reporting.
Our YouTube and social media platforms’ analytics tools will help us measure reach and conversion of posts related to course content.
Our marketing strategy uses Google ads and social media tools that can evaluate the success of conversion in great detail. All of these resources will give us a picture of start-to-finish engagement that can be shared with the Cardano community.