According to Cointelegraph, Maple Finance co-founder Joe Flanagan and Chief Operating Officer Ryan O'Shea are departing the on-chain asset management company due to strategic differences. O'Shea will step down on November 27, while Flanagan will assist with the transition through the end of 2026 after seven years with the firm. CEO Sidney Powell and the existing management team will assume their responsibilities.

The company reported third-quarter revenue of $4.4 million, up 5% year-over-year, and assets under management grew 18% to $4.7 billion. SYRUP tokens fell 7.5% in the past 24 hours and 12% over the past week, while total protocol value locked declined approximately 11% since late September.

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