Maple Finance announced the departure of co-founder and executive chairman Joe Flanagan and chief operating officer Ryan O’Shea amid disagreements over the firm’s strategy. Flanagan is leaving after seven years, saying his differences with co-founder and CEO Sidney Powell had become unconstructive. O’Shea will step down on Nov. 27 and will have no ongoing role at the company. Despite the departures, Maple reported third-quarter revenue of $4.4 million, up 5% year over year, and assets under management of $4.7 billion, up 18%. The SYRUP token fell 7.5% over 24 hours, while the protocol’s total value locked declined by roughly 11% between the end of September and Nov. 11.
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