Definitely too much love. Exactly how much root is left? If there are any live roots, it will come back. In fact, with no roots it will probably come back.

If there are any roots at all, I would move it to a smaller pot, one where the roots fit but not much larger. Then start a normal watering schedule, once a week or look in the FAQ for the pencil test. All that watering will speed up the rot.

You can sometimes restore turgidity to the leaves (a little) by soaking *the leaves* (not the roots). Works like soaking lettuce or other veg to crisp up.

But I agree with rachard, scale back on the love.

However, bagging the leaves will help them hold on til roots form. Use a sandwich size baggie on the leaves on each side, two bags. Leave the crown open for air so rot won't take hold.

I use rooting hormones on root-challenged orchids. Does no harm, and definitely speeds up rooting.

If you soak the bark before using, it will stay moist and there's no need for that much watering.

Agree with the above. Just a small comment: soaking bark 2 times per day sounds like sure death to any remaining roots.
Good luck,
~Jem