In the early olfactory pathway of Drosophila, Olfactory Sensory Neurons (OSNs) multiplicatively encode the odorant identity and the concentration profile. Projection Neurons (PNs) responses in the Antennal Lobe (AL), in turn, exhibit strong transients at odorant onset/offset and stable steady-state behavior. What is the functional logic the of diverse set of Local Neurons (LNs) in the AL Addressing this question may shed light on the key characteristics of odor information processing in the AL, and odorant recognition and olfactory associative learning in the downstream neuropils of the early olfactory system. To address the computation performed by each LN type, we exhaustively evaluated all circuit configurations of the Antennal Lobe. We found that, across model parameterizations, presynaptic inhibition of the OSN-to-PN synapse is essential for odorant identity recovery in steady-state, while postsynaptic excitation and inhibition facilitate on-/off-set event detection. The onset and offset events indicate changing odorant identities, and together with the identity recovery in steady-state, suggest that the AL is an event-based odorant identity recovery processor.