Periodic Reporting for period 1 - Kasuria GmbH (Development of Kasuria's code tech product- analytical engine)
Periodo di rendicontazione: 2023-07-01 al 2023-12-31
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.
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.
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.