Development of Kasuria's code tech product- analytical engine

Project Information

Kasuria GmbH

Grant agreement ID: 101102760

DOI

10.3030/101102760

Project closed

EC signature date 2 June 2023

Start date 1 July 2023

End date 31 December 2023

Funded under

• European innovation ecosystems

Total cost

No data

EU contribution

€ 75 000,00

Coordinated by

KASURIA GMBH
Germany

Periodic Reporting for period 1 - Kasuria GmbH (Development of Kasuria's code tech product- analytical engine)

Reporting period: 2023-07-01 to 2023-12-31

Summary of the context and overall objectives of the project

In light of the advancement of blockchain technology in the finance sector, particularly with the emergence of Decentralized Finance (DeFi), the team of Kasuria had set out to produce and procure high quality data about risk and performance for institutional investors that would like to diversify into the space. The focus of the product development was on data on yield generating activities by use of providing liquidity on decentralized lending platforms and into "liquidity pools" on decentralized exchanges. As a result the team has built "strategy composer" that enables the user to build, simulate and backtest investment strategies in DeFi. The task is highly complex because DeFi strategies are characterized by combining multiple, interacting smart contracts. While working on business development and product-market-fit, the team was exploring possible partnerships and identified a competitor with a highly complementary product offering. The objective of the project at hand was to explore and go into a close business cooperation under a licensing agreement with full product and tech integration and the potential outcome of a merger of the two companies.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

As part of the cooperation the codebase for blockchain data extraction, processing and calculation was finalized for all DeFi platforms covered by Kasuria. The data ingestion was brought up to date and the data assets were transferred to the cooperation partner. The data assets will be fully integrated into the joint data processing system via API development. The data handling and calculation containers are integrated into the ecosystem of the cooperation partner as part of a Kubernetes Cluster.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

As part of the research extensive work was done on researching and developing product-market-fit in close interaction with target customers. As a main result the approach to product and pricing strategy as well as target customers and go-to-market plan was fully revised. As a subsequent result the product roadmap is following accordingly.