Development of Kasuria's code tech product- analytical engine

Informazioni relative al progetto

Kasuria GmbH

ID dell’accordo di sovvenzione: 101102760

DOI

10.3030/101102760

Progetto chiuso

Data della firma CE 2 Giugno 2023

Data di avvio 1 Luglio 2023

Data di completamento 31 Dicembre 2023

Finanziato da

• European innovation ecosystems

Costo totale

Nessun dato

Contributo UE

€ 75 000,00

Coordinato da

KASURIA GMBH
Germany

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

Sintesi del contesto e degli obiettivi generali del progetto

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.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

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.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

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.