Drain in Shower Pan - Suspicious Caulking

[Eli Warren]

We are new-ish home owners and noticed some peeling caulk/putty on our shower pan drain. I watched some videos which made it seem like peeling "outer" rim is caulking that wasn't wiped off when the drain was installed. However I can't figure out why on earth they caulked the inner part unless they rigged some awful incompatible parts together. I am very alarmed.

If this was in your house, how worried would you be? Any DIY fixes that are reasonable and should keep us (and our subfloor) safe? Kind of scared to continue showering....

 

[Geofd]

1 normally there is puddy under the strainer there could be and he/she was over cautious but caulking wears away after a while....I never use it
2 the caulking is probably covering a rubber gasket again be over cautious
3 is there a strainer cover that covers all of that????
4 if so put the cover back on and use it until it does leak...
5 if your handy pull it all apart and clean it up and re install