PGF Ethereum Round 1 is building upon the Hypercerts protocol by expanding it’s use case and creating the first implementation out there for Private Voting in Retroactive Funding. We’re currently repurposed the easyRetroPGFxMACI build developed by the PSE team to enable the automatic minting of a Hypercert once disbursement of the received funds have been claimed by the receiving project. 

You can find a diagram with the process and technical tools used below:

![Untitled](https://prod-files-secure.s3.us-west-2.amazonaws.com/2c8559d6-e74c-4cb8-a017-04a0e4a777e3/dc0a6998-1a7d-4e15-99d4-c4f5aa9d02bd/Untitled.png)

We are experimenting on the following funding designs by using Hypercerts: 
1.  We will issue the Hypercerts of the Impact Claims that projects chose to participate in the RetroRound for them after funding has been claimed. Through our build, we will be the ones sending the Hypercerts to their listed addresses so as to ensure there are no user errors in the generation and claim process of the fractions. This will be done through a backend integration which will be part of our current build available for anyone to fork and use for their own rounds. 

1. We are currently asking projects to determine the worth of the impact they have generated and share it with the operating team at the beginning of the round. With this information, we will fractionalize the Hypercerts created in two: 
    1. Subset 1 of the fractions will be retained by Ethereum Mexico as the funder of that percentage of the impact generated through this round. 
    2. Subset 2 of the fractions will be issued to the Project in the round, so they can include them in the Marketplace for participating projects in the Round. 
    
    Project’s Monetary Claim of their Impact = Subset 1 + Subset 2
    
2. Once the round has been completed, we are working to set up a Marketplace where projects who have unfunded fractions after the round are able to display them for others to acquire and retroactively fund them after the round has passed.

More information on the Round Design can be found here: [QV Round based on Impact](https://www.notion.so/QV-Round-based-on-Impact-5c52f2c377264ef8aa5501c941ed902c?pvs=21)