Since $x := \cos \frac{2 \pi}{5} = \frac{z + z^{-1}}{2}$ where $z:=e^{\frac{2 i \pi}{5}}$, and $1+z+z^2+z^3+z^4=0$ (for $z^5=1$ and $z \
eq 1$), $x^2+\frac{x}{2}-\frac{1}{4}=0$, and voilà.
Since $x := \cos \frac{2 \pi}{5} = \frac{z + z^{-1}}{2}$ where $z:=e^{\frac{2 i \pi}{5}}$, and $1+z+z^2+z^3+z^4=0$ (for $z^5=1$ and $z \
eq 1$), $x^2+\frac{x}{2}-\frac{1}{4}=0$, and voilà.