Edgar Pavlovsky, the CEO of MarginFi, a major Solana borrow-and-lend platform, resigned on Wednesday amid internal conflicts and after a significant disagreement with users. This leadership shake-up coincides with a record outflow from the Solana Lending Agreement, with MarginFi experiencing approximately US$80 million in net outflows, marking a new high for single-day withdrawals. The total value locked (TVL) in the platform also saw a decline of more than 18% within 24 hours. Following Pavlovsky's resignation, MarginFi witnessed a total of $214 million withdrawn. The platform is reportedly attempting to mend its relationship with SolBlaze, amidst this turmoil. Additionally, the departure of Pavlovsky led to a shift in the Solana DeFi landscape, with deposits flowing into competitors such as Solend Protocol and Kamino Finance.