diff --git a/onchain/src/Harberg.sol b/onchain/src/Harberg.sol
index 41aee28..40e1226 100644
--- a/onchain/src/Harberg.sol
+++ b/onchain/src/Harberg.sol
@@ -199,7 +199,7 @@ contract Harberg is ERC20, ERC20Permit {
      * @return The outstanding supply
      */
     function outstandingSupply() public view returns (uint256) {
-        return totalSupply() - balanceOf(liquidityPool) - balanceOf(liquidityManager);
+        return totalSupply() - balanceOf(liquidityManager);
     }
 
     /* ============ Internal ERC20 Overrides ============ */