Odysee was owned by LBRY before the LBRY company was dissolved. They were founded by the same team of people who created the LBRY company, and the LBRY network/protocol (the decentralised part), but are not themselves the same company. So the LBRY company going away was never going to dissolve Odysee also, which is why they still exist today. LBRY (the company) dissolving did not affect the content on Odysee because the LBRY network/protocol itself is open-source and decentralised; and LBRY being sued and dying does not somehow make the LBRY network/protocol illegal for Odysee (or anyone) to use. If Odysee had gone away, anyone else could have jumped in and made a new replacement frontend for the LBRY network/protocol (Odysee is a frontend for LBRY, after all).

About a month ago, Odysee announced that they would be moving away from the LBRY network over to the Arweave network. Now, I’m not sure when they are going to do this, but it appears that at the minute they are still using the LBRY network/protocol for content uploads. The reason I think they are still using LBRY at this very minute, is that when I uploaded a video to my Odysee channel yesterday, I noticed in my personal uploads page that it was still using the lbry:// at the beginning of it’s address on the network.