After some more thorough analysis on the latest oToken and dToken balances, the outstanding losses are currently valued at $1,957,757:
Note: this assumes all recoverable sICX and IUSDC has been returned (IUSDC is still being processed), and doesn’t account for the Omm Recovery Fund.
To reduce the losses suffered by Omm users, the early contributors would like to propose sending all of Omm’s protocol fees and protocol-owned liquidity to the Recovery Fund. Excluding OMM, the protocol’s holdings are currently valued at $213,957:
Omm also holds close to 100M OMM in the DAO Fund and as protocol-owned liquidity, which represents $700K at the current price ($0.007). This would still leave a $1M outstanding loss, so the early contributors are brainstorming ways to utilize the OMM to provide the best outcome. We welcome any and all ideas from community members.