Maple Finance Co-founder and COO Depart Due to Strategic Differences

Co-founder of Maple Finance Joe Flanagan and Chief Operating Officer Ryan O'Shea will depart due to strategic differences. Flanagan is leaving after seven years with the company and will assist in the transition until the end of 2026; O'Shea will step down on November 27. Maple Finance stated that Flanagan's departure is a mutually agreed and orderly handover, with his responsibilities being taken over by CEO Sidney Powell and the existing management team. The company has not announced a new chairman and has not clarified the responsibilities of the two executives after their departure. Maple Finance reported third-quarter revenue of $4.4 million, a 5% year-on-year increase; assets under management grew 18% year-on-year to $4.7 billion. SYRUP has dropped 7.5% in the past 24 hours and 12% over the past week; as of November 11, the total value locked in the protocol has decreased by about 11% compared to the end of September.

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