Ostium Co-Founder Reveals $44.7 Million in Revenue and $2.96 Million in Gross Profit Over Two Years

Ostium co-founder Kaledora explained the financials and revenue model of the protocol, stating that the total revenue over two years is approximately $44.7 million, derived 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. $22.14 million (49.6%) flowed to the OLP treasury, while $19.55 million (43.8%) accounted for liquidity costs, including $16.05 million for hedging and $3.49 million in hedging interest, leaving a gross profit of $2.96 million (6.6%). The total on-chain revenue does not include off-chain hedging costs, and prior to the liquidity upgrade in April, the protocol lacked the ability to monetize traffic. After the upgrade, a security incident occurred just months into system operation. Ostium raised $300,000 in 2022, $3.6 million in 2023, $4.1 million in 2024, and $19.4 million in 2025. The team plans to expand from about 12 people in 2025 to 35 by the second quarter of 2026, investing in data authorization, marketing, cloud infrastructure, auditing, and AI costs. The company has not reserved a balance sheet sufficient to address such incidents and has remained silent for too long. The next step will allow the remaining 345 OLP holders to share in business growth, with plans to announce a second phase recovery plan in the coming week.

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