Flanagan steps down... to help with Maple handover by year-end

Joe Flanagan, co-founder of on-chain credit protocol Maple, announced his departure, saying he and co-founder Sid Powell had drifted apart on strategy, leadership and life direction after nearly a decade working together. Flanagan said he will help hand over the business through the end of the year, with Powell to lead Maple alone. He did not attribute the exit to any specific product or lending decision. The change matters because Maple is a core institutional credit venue in decentralized finance, and a single-leader structure could shift its risk appetite and lending strategy. What to watch next is whether Powell adjusts Maple's product roadmap or credit policy during the transition.