Maple

<h2 id="header-0">Key Facts</h2>
<ul>
 <li>Maple co-founder Joe Flanagan said he is leaving the company because his views on strategy, leadership and life have moved apart from those of his co-founder.</li>
 <li>Maple said Flanagan is stepping down as chairman in an agreed and orderly transition, and that its direction remains the same.</li>
 <li>Flanagan said he will help with the transition through the end of the year and is developing plans for what comes next.</li>
</ul>
Maple Finance (<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/maple-finance/">SYRUP</a>) co-founder Joe Flanagan said on Wednesday he is leaving the company, citing differences over strategy and leadership with his fellow co-founder.
"Over time, our views on strategy, leadership, and life have moved further apart," Flanagan wrote of co-founder Sid Powell in an <a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/joe_defi/status/2120530895664800198">X post</a>. "I believe Maple is best served by one co-founder leading it forward from here."
Maple said in a <a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/maplefinance/status/2120532719985963360">statement on X</a> that Flanagan is stepping down as chairman and that "this is an agreed and orderly transition, and our direction remains the same."<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a9cd80df3619438b8f85331ce19a77e9.png">
SYRUP has fallen over the past week, and co-founder Joe Flanagan said on Wednesday he is leaving Maple. Source: <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/maple-finance/">CoinMarketCap</a>
<h2 id="header-1">Flanagan's Reasons</h2>
Flanagan said that as a co-founder he needs to believe in the decisions he helps make and the direction he asks others to follow, and that he can no longer do that "with conviction and remain true to my values." He added: "I am choosing to leave rather than continue supporting a direction I cannot stand behind."
He will help with the transition through the rest of the year and will not be involved with Maple after that, he said. Flanagan said he is not leaving the industry and is "actively developing" plans that he will share soon.
<h2 id="header-2">Maple's Growth</h2>
Since 2019, Flanagan helped scale Maple to $4.8 billion in <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/assets-under-management-aum">assets under management</a> and $20 billion in loans originated, the company said. Maple describes itself as an onchain asset management platform.
Maple, which offers onchain credit and <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/defi-lending">DeFi lending</a> products, <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/aave-partners-with-maple-finance-for-institutional-credit">partnered with Aave on institutional credit</a> in October 2025. Powell <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/maple-finance-ceo-predicts-blockchain-dominance-over-wall-street">predicted in December 2025</a> that blockchain would come to dominate Wall Street.
SYRUP traded at $0.1346, down 1.8% over 24 hours and 16.2% over seven days, according to CoinMarketCap data.
Read More:&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/securitize-to-acquire-river-one-enter-asset-backed-finance">Securitize To Acquire River One, Enter Asset-Backed Finance</a>

Maple Co-Founder Joe Flanagan Leaves, Citing Strategy Differences

Table of Contents

Other articles published on Nov 11, 2026

Join our free newsletter for daily crypto updates!