Maple Finance CEO Sid Powell announced the departure of co-founder Joe Flanagan and Chief Operating Officer Ryan, citing differing views on the company's future direction. Flanagan will remain to support the handover through the end of 2026.
Powell reaffirmed his commitment to leading Maple's focus on on-chain credit and DeFi-traditional finance integration. The platform plans increased investment over the next year in yield products, embedded services, vaults, and tokenized collateral.
Despite leadership changes, Maple reported operations running as usual with revenue up 82% year-over-year through Q3. The protocol has facilitated over $20 billion in cumulative loan originations, with peak assets under management reaching $4.9 billion.
Maple Finance Co-Founder and COO Depart Amid Strategic Differences
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