Maple CEO Co-founder Joe Flanagan and COO Ryan Depart

Maple Finance CEO and co-founder Sid Powell announced that co-founder Joe Flanagan and Chief Operating Officer Ryan have decided to leave the company due to differing views on the company's future development path. Joe Flanagan will support the transition until the end of 2026. Powell expressed respect for their decision and reiterated his commitment to leading the team, emphasizing that Maple will focus on on-chain credit and promote the integration of DeFi with traditional finance and fintech. In the coming year, there will be increased investment in areas such as on-chain credit, yield products, embedded services, vaults, and tokenized collateral. Currently, Maple's operations are running normally, with a year-on-year revenue growth of 82% (as of the end of the third quarter), having initiated over $20 billion in loans and reaching a peak asset management scale of $4.9 billion.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.