Bouncing any non-land permanent plus having alternative modes makes it incredibly flexible
Its especially surprising that its cEDH thats doing it, given that Ophidian Eye costs 3 mana, but apparently this is good enough in some Malcolm, Keen-Eyed Navigator or Niv-Mizzet, Parun decks
You want fight spells, but most of them are fairly weak
Oloro is a commander suited well for control decks as a more slow-rolling commander in Esper colors
It's been restricted in Vintage since the dawn of the format and remains strong there
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