Development of Kasuria's code tech product- analytical engine

Informacje na temat projektu

Kasuria GmbH

Identyfikator umowy o grant: 101102760

DOI

10.3030/101102760

Projekt został zamknięty

Data podpisania przez KE 2 Czerwca 2023

Data rozpoczęcia 1 Lipca 2023

Data zakończenia 31 Grudnia 2023

Finansowanie w ramach

• European innovation ecosystems

Koszt całkowity

Brak danych

Wkład UE

€ 75 000,00

Koordynowany przez

KASURIA GMBH
Germany

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

Okres sprawozdawczy: 2023-07-01 do 2023-12-31

Podsumowanie kontekstu i ogólnych celów projektu

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.

Prace wykonane od początku projektu do końca okresu sprawozdawczego oraz najważniejsze dotychczasowe rezultaty

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.

Innowacyjność oraz oczekiwany potencjalny wpływ (w tym dotychczasowe znaczenie społeczno-gospodarcze i szersze implikacje społeczne projektu)

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.