Development of Kasuria's code tech product- analytical engine

Informations projet

Kasuria GmbH

N° de convention de subvention: 101102760

DOI

10.3030/101102760

Projet clôturé

Date de signature de la CE 2 Juin 2023

Date de début 1 Juillet 2023

Date de fin 31 Decembre 2023

Financé au titre de

• European innovation ecosystems

Coût total

Aucune donnée

Contribution de l’UE

€ 75 000,00

Coordonné par

KASURIA GMBH
Germany

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

Période du rapport: 2023-07-01 au 2023-12-31

Résumé du contexte et des objectifs généraux du projet

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.

Travail effectué depuis le début du projet jusqu’à la fin de la période considérée dans le rapport et principaux résultats atteints jusqu’à présent

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.

Progrès au-delà de l’état des connaissances et impact potentiel prévu (y compris l’impact socio-économique et les conséquences sociétales plus larges du projet jusqu’à présent)

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.