Ostium co-founder Kaledora outlined the protocol’s financial and revenue model, saying Dune shows about $44.7 million in total revenue over two years from four on-chain fees: $20.39 million in opening fees, $16.5 million in spreads, $4.75 million in rollover fees, and $3.35 million in liquidation fees. According to ChainCatcher, she said $22.14 million, or 49.6%, went to the OLP treasury, while $19.55 million, or 43.8%, was liquidity cost, including $16.05 million in hedging and $3.49 million in hedging-fund interest.

She said the remaining gross profit was $2.96 million, or 6.6%, and that the on-chain revenue figure does not include off-chain hedging costs. She added that before the April liquidity upgrade, the protocol was not yet able to monetize traffic, and that a security incident occurred several months after the upgraded system went live.

Kaledora also said Ostium raised $300,000 in 2022, $3.6 million in 2023, $4.1 million in 2024, and $19.4 million in 2025. She said the team grew from about 12 people in 2025 to 35 people in the second quarter of 2026, with spending on data licensing, marketing, cloud infrastructure, audits, and AI. She said the company did not keep enough assets on its balance sheet to handle such an event and remained silent for too long. The next step is to let the remaining 345 OLP holders share in business growth, with a second-stage recovery plan due within the next week.