The post Pudgy Penguins removes ‘racist’ post after Manchester City complaint appeared on BitcoinEthereumNews.com. Pudgy Penguins is set to apologise for a racistThe post Pudgy Penguins removes ‘racist’ post after Manchester City complaint appeared on BitcoinEthereumNews.com. Pudgy Penguins is set to apologise for a racist

Pudgy Penguins removes ‘racist’ post after Manchester City complaint

Pudgy Penguins is set to apologise for a racist X post it made last week following a complaint from the NFT project’s $5.3 billion football partner, Manchester City.  

According to a series of screenshots, Manchester City reached out to Pudgy Penguins after it suggested via X that the social media platform’s crackdown on reply spam and “AI slop,” might “actually have a significant effect on India’s economy.” 

A screenshot of the original post and smug response to backlash.

Read more: Polymarket criticized for racist post targeting fake ‘baddies’

The post appeared to rely on the xenophobic stereotype that Indians are often behind bot or spam accounts associated with the so-called “InfoFi” sector.

Following Manchester City’s complaint, Pudgy Penguins acknowledged “that the tweet was inappropriate and does not reflect its company values.”

Pudgy Penguins’ press office said that it planned to reach out to the X user who flagged the post and “express their apology on the matter.” It added that it had removed the post from its channels.

Users ‘incredibly ashamed’ of Pudgy CEO Lucas Netz

The X user in question, “Satvik,” reported the post to Manchester City after other users tried to downplay it. Satvik said that Pudgy Penguins CEO Lucas Netz should be “incredibly ashamed” of his team for the post. 

The account later added, “I’m fucking tired of how normalized racism against Indians has become on this platform, every single day we endure hurtful comments for simply existing online.”

Crypto founder Dan Sickles screenshotted the post, and later said that he wants to hear what company polices Netz will enact “to prevent incidents like this from happening again, and for him to condemn xenophobia and racism more generally.”

Read more: You’re not gonna make $50K in PENGU by buying and returning Pudgy toys

Immediately after the post was called out, the account posted a smug response and claimed that it was just “farming yaps” (gaming social media engagement for profit).

Pudgy Penguins started by selling NFTs of cartoon penguins but in order to encourage more people outside of crypto to invest, it’s been branching out into markets including kids books, mobile games, designer collectibles, and football. 

Often, its posts clash with its child-friendly branding and are instead geared towards trending topics in the financial sector and tech industry

Netz and Pudgy Penguins haven’t publicly apologised for the post at the time of writing.

Protos has reached out to Pudgy Penguins for comment and will update this post should we hear anything back.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

Source: https://protos.com/pudgy-penguins-removes-racist-post-after-manchester-city-complaint/

Market Opportunity
Manchester City Fan Logo
Manchester City Fan Price(CITY)
$0.6129
$0.6129$0.6129
+0.44%
USD
Manchester City Fan (CITY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Acts on Economic Signals with Rate Cut

Fed Acts on Economic Signals with Rate Cut

In a significant pivot, the Federal Reserve reduced its benchmark interest rate following a prolonged ten-month hiatus. This decision, reflecting a strategic response to the current economic climate, has captured attention across financial sectors, with both market participants and policymakers keenly evaluating its potential impact.Continue Reading:Fed Acts on Economic Signals with Rate Cut
Share
Coinstats2025/09/18 02:28
Iran’s Central Bank Spends $500M on Crypto Amid Rial Crisis

Iran’s Central Bank Spends $500M on Crypto Amid Rial Crisis

Iran's Central Bank has reportedly acquired more than $500 million in cryptocurrency assets over the past year to mitigate the ongoing currency crisis.
Share
coinlineup2026/01/22 08:59
Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders

Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders

BitcoinWorld Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders The dynamic world of decentralized finance (DeFi) is constantly evolving, bringing forth new opportunities and innovations. A significant development is currently unfolding at Curve Finance, a leading decentralized exchange (DEX). Its founder, Michael Egorov, has put forth an exciting proposal designed to offer a more direct path for token holders to earn revenue. This initiative, centered around a new Curve Finance revenue sharing model, aims to bolster the value for those actively participating in the protocol’s governance. What is the “Yield Basis” Proposal and How Does it Work? At the core of this forward-thinking initiative is a new protocol dubbed Yield Basis. Michael Egorov introduced this concept on the CurveDAO governance forum, outlining a mechanism to distribute sustainable profits directly to CRV holders. Specifically, it targets those who stake their CRV tokens to gain veCRV, which are essential for governance participation within the Curve ecosystem. Let’s break down the initial steps of this innovative proposal: crvUSD Issuance: Before the Yield Basis protocol goes live, $60 million in crvUSD will be issued. Strategic Fund Allocation: The funds generated from the sale of these crvUSD tokens will be strategically deployed into three distinct Bitcoin-based liquidity pools: WBTC, cbBTC, and tBTC. Pool Capping: To ensure balanced risk and diversified exposure, each of these pools will be capped at $10 million. This carefully designed structure aims to establish a robust and consistent income stream, forming the bedrock of a sustainable Curve Finance revenue sharing mechanism. Why is This Curve Finance Revenue Sharing Significant for CRV Holders? This proposal marks a pivotal moment for CRV holders, particularly those dedicated to the long-term health and governance of Curve Finance. Historically, generating revenue for token holders in the DeFi space can often be complex. The Yield Basis proposal simplifies this by offering a more direct and transparent pathway to earnings. By staking CRV for veCRV, holders are not merely engaging in governance; they are now directly positioned to benefit from the protocol’s overall success. The significance of this development is multifaceted: Direct Profit Distribution: veCRV holders are set to receive a substantial share of the profits generated by the Yield Basis protocol. Incentivized Governance: This direct financial incentive encourages more users to stake their CRV, which in turn strengthens the protocol’s decentralized governance structure. Enhanced Value Proposition: The promise of sustainable revenue sharing could significantly boost the inherent value of holding and staking CRV tokens. Ultimately, this move underscores Curve Finance’s dedication to rewarding its committed community and ensuring the long-term vitality of its ecosystem through effective Curve Finance revenue sharing. Understanding the Mechanics: Profit Distribution and Ecosystem Support The distribution model for Yield Basis has been thoughtfully crafted to strike a balance between rewarding veCRV holders and supporting the wider Curve ecosystem. Under the terms of the proposal, a substantial portion of the value generated by Yield Basis will flow back to those who contribute to the protocol’s governance. Returns for veCRV Holders: A significant share, specifically between 35% and 65% of the value generated by Yield Basis, will be distributed to veCRV holders. This flexible range allows for dynamic adjustments based on market conditions and the protocol’s performance. Ecosystem Reserve: Crucially, 25% of the Yield Basis tokens will be reserved exclusively for the Curve ecosystem. This allocation can be utilized for various strategic purposes, such as funding ongoing development, issuing grants, or further incentivizing liquidity providers. This ensures the continuous growth and innovation of the platform. The proposal is currently undergoing a democratic vote on the CurveDAO governance forum, giving the community a direct voice in shaping the future of Curve Finance revenue sharing. The voting period is scheduled to conclude on September 24th. What’s Next for Curve Finance and CRV Holders? The proposed Yield Basis protocol represents a pioneering approach to sustainable revenue generation and community incentivization within the DeFi landscape. If approved by the community, this Curve Finance revenue sharing model has the potential to establish a new benchmark for how decentralized exchanges reward their most dedicated participants. It aims to foster a more robust and engaged community by directly linking governance participation with tangible financial benefits. This strategic move by Michael Egorov and the Curve Finance team highlights a strong commitment to innovation and strengthening the decentralized nature of the protocol. For CRV holders, a thorough understanding of this proposal is crucial for making informed decisions regarding their staking strategies and overall engagement with one of DeFi’s foundational platforms. FAQs about Curve Finance Revenue Sharing Q1: What is the main goal of the Yield Basis proposal? A1: The primary goal is to establish a more direct and sustainable way for CRV token holders who stake their tokens (receiving veCRV) to earn revenue from the Curve Finance protocol. Q2: How will funds be generated for the Yield Basis protocol? A2: Initially, $60 million in crvUSD will be issued and sold. The funds from this sale will then be allocated to three Bitcoin-based pools (WBTC, cbBTC, and tBTC), with each pool capped at $10 million, to generate profits. Q3: Who benefits from the Yield Basis revenue sharing? A3: The proposal states that between 35% and 65% of the value generated by Yield Basis will be returned to veCRV holders, who are CRV stakers participating in governance. Q4: What is the purpose of the 25% reserve for the Curve ecosystem? A4: This 25% reserve of Yield Basis tokens is intended to support the broader Curve ecosystem, potentially funding development, grants, or other initiatives that contribute to the platform’s growth and sustainability. Q5: When is the vote on the Yield Basis proposal? A5: A vote on the proposal is currently underway on the CurveDAO governance forum and is scheduled to run until September 24th. If you found this article insightful and valuable, please consider sharing it with your friends, colleagues, and followers on social media! Your support helps us continue to deliver important DeFi insights and analysis to a wider audience. To learn more about the latest DeFi market trends, explore our article on key developments shaping decentralized finance institutional adoption. This post Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 00:35