diff --git a/.claude/rules/stack-and-commands.md b/.claude/rules/stack-and-commands.md
index ed70bf5..488ec22 100644
--- a/.claude/rules/stack-and-commands.md
+++ b/.claude/rules/stack-and-commands.md
@@ -6,7 +6,7 @@
 ## Dev Commands
 
 ```bash
-# Planned v0.1 workflow (see README.md)
+python3 -m pytest -q tests/
 python3 simulator.py
 python3 experiments.py
 
diff --git a/.gitignore b/.gitignore
index 36b13f1..b8a3ef0 100644
--- a/.gitignore
+++ b/.gitignore
@@ -174,3 +174,6 @@ cython_debug/
 # PyPI configuration file
 .pypirc
 
+# Simulation outputs
+runs/
+
diff --git a/SCOPE.md b/SCOPE.md
index 2b1957b..47a5e67 100644
--- a/SCOPE.md
+++ b/SCOPE.md
@@ -26,8 +26,8 @@ Polycode is a simulation laboratory for mechanism design: a way to test governan
 
 ## Current State
 
-- Planning/spec repo: README and pitch materials exist; v0.1 Python simulator modules not yet committed.
-- Bootstrap State Hub integration (POLYCODE-WP-0001) finished; next: simulator scaffold (POLYCODE-WP-0002).
+- v0.1 simulator scaffold committed (`simulator.py`, `strategies.py`, `experiments.py`); outputs under `runs/`.
+- POLYCODE-WP-0002 finished; next implementation work should extend strategies and KPI reporting.
 
 ## Getting Oriented
 
diff --git a/experiments.py b/experiments.py
new file mode 100644
index 0000000..68c43ff
--- /dev/null
+++ b/experiments.py
@@ -0,0 +1,47 @@
+#!/usr/bin/env python3
+"""Tiny parameter sweep for PolyCode Simulator v0.1."""
+from __future__ import annotations
+
+import json
+from copy import deepcopy
+from datetime import UTC, datetime
+from pathlib import Path
+
+from simulator import load_params, run_simulation
+
+
+def sweep(thresholds: list[float] | None = None) -> list[dict]:
+    thresholds = thresholds or [300.0, 400.0, 500.0]
+    rows: list[dict] = []
+    base = load_params()
+    for threshold in thresholds:
+        params = deepcopy(base)
+        params["funding_threshold"] = threshold
+        summary = run_simulation(params)
+        rows.append(
+            {
+                "funding_threshold": threshold,
+                "acceptance_rate": summary.acceptance_rate,
+                "accepted": summary.accepted,
+                "rejected": summary.rejected,
+                "total_funded": summary.total_funded,
+            }
+        )
+    return rows
+
+
+def main() -> None:
+    rows = sweep()
+    out_dir = Path("runs")
+    out_dir.mkdir(exist_ok=True)
+    stamp = datetime.now(UTC).strftime("%Y%m%dT%H%M%SZ")
+    path = out_dir / f"sweep-{stamp}.json"
+    path.write_text(json.dumps({"sweep": rows}, indent=2), encoding="utf-8")
+    print("Sweep results:")
+    for row in rows:
+        print(row)
+    print(f"output: {path}")
+
+
+if __name__ == "__main__":
+    main()
\ No newline at end of file
diff --git a/params_default.json b/params_default.json
new file mode 100644
index 0000000..c99c41f
--- /dev/null
+++ b/params_default.json
@@ -0,0 +1,9 @@
+{
+  "rounds": 10,
+  "initial_capital": 1000.0,
+  "funding_threshold": 400.0,
+  "proposal_cost": 50.0,
+  "num_investors": 3,
+  "num_voters": 5,
+  "random_seed": 42
+}
\ No newline at end of file
diff --git a/simulator.py b/simulator.py
new file mode 100644
index 0000000..5ae950e
--- /dev/null
+++ b/simulator.py
@@ -0,0 +1,132 @@
+#!/usr/bin/env python3
+"""PolyCode Simulator v0.1 — single-run demo."""
+from __future__ import annotations
+
+import json
+import random
+from dataclasses import asdict, dataclass
+from datetime import UTC, datetime
+from pathlib import Path
+
+from strategies import (
+    LenientVoter,
+    Proposal,
+    RandomInvestor,
+    ThresholdInvestor,
+    ValueVoter,
+)
+
+
+@dataclass
+class RoundResult:
+    round: int
+    proposal_id: int
+    funded: float
+    approved: bool
+    effort: float
+    value: float
+
+
+@dataclass
+class RunSummary:
+    accepted: int
+    rejected: int
+    total_funded: float
+    acceptance_rate: float
+    rounds: list[RoundResult]
+
+
+def load_params(path: Path | None = None) -> dict:
+    params_path = path or Path(__file__).with_name("params_default.json")
+    return json.loads(params_path.read_text(encoding="utf-8"))
+
+
+def make_proposal(round_idx: int, rng: random.Random) -> Proposal:
+    effort = rng.uniform(30, 120)
+    value = effort * rng.uniform(0.7, 1.4)
+    return Proposal(id=round_idx, effort=round(effort, 2), value=round(value, 2))
+
+
+def run_simulation(params: dict | None = None) -> RunSummary:
+    params = params or load_params()
+    rng = random.Random(params.get("random_seed", 42))
+    investors = [ThresholdInvestor(), RandomInvestor(), RandomInvestor()]
+    voters = [ValueVoter(), ValueVoter(), LenientVoter(), LenientVoter(), ValueVoter()]
+
+    capital = float(params["initial_capital"])
+    threshold = float(params["funding_threshold"])
+    rounds: list[RoundResult] = []
+    accepted = rejected = 0
+    total_funded = 0.0
+
+    for i in range(int(params["rounds"])):
+        proposal = make_proposal(i + 1, rng)
+        funded = 0.0
+        for investor in investors:
+            stake = min(capital, capital / len(investors))
+            amount = investor.allocate(proposal, funded, stake, rng)
+            amount = min(amount, capital)
+            funded += amount
+            capital -= amount
+            if funded >= threshold:
+                break
+
+        votes = sum(1 for voter in voters if voter.approve(proposal, funded, rng))
+        approved = votes > len(voters) / 2 and funded >= proposal.effort
+        if approved:
+            accepted += 1
+        else:
+            rejected += 1
+            capital += funded * 0.5
+        total_funded += funded
+        rounds.append(
+            RoundResult(
+                round=i + 1,
+                proposal_id=proposal.id,
+                funded=round(funded, 2),
+                approved=approved,
+                effort=proposal.effort,
+                value=proposal.value,
+            )
+        )
+
+    total = accepted + rejected
+    return RunSummary(
+        accepted=accepted,
+        rejected=rejected,
+        total_funded=round(total_funded, 2),
+        acceptance_rate=round(accepted / total, 3) if total else 0.0,
+        rounds=rounds,
+    )
+
+
+def write_run(summary: RunSummary, params: dict, out_dir: Path | None = None) -> Path:
+    out_dir = out_dir or Path("runs")
+    out_dir.mkdir(exist_ok=True)
+    stamp = datetime.now(UTC).strftime("%Y%m%dT%H%M%SZ")
+    path = out_dir / f"run-{stamp}.json"
+    payload = {
+        "params": params,
+        "summary": {
+            "accepted": summary.accepted,
+            "rejected": summary.rejected,
+            "total_funded": summary.total_funded,
+            "acceptance_rate": summary.acceptance_rate,
+        },
+        "rounds": [asdict(r) for r in summary.rounds],
+    }
+    path.write_text(json.dumps(payload, indent=2), encoding="utf-8")
+    return path
+
+
+def main() -> None:
+    params = load_params()
+    summary = run_simulation(params)
+    out = write_run(summary, params)
+    print(f"PolyCode demo run complete: {summary.accepted} accepted, {summary.rejected} rejected")
+    print(f"acceptance_rate={summary.acceptance_rate} total_funded={summary.total_funded}")
+    print(f"output: {out}")
+
+
+if __name__ == "__main__":
+    main()
\ No newline at end of file
diff --git a/strategies.py b/strategies.py
new file mode 100644
index 0000000..074149f
--- /dev/null
+++ b/strategies.py
@@ -0,0 +1,54 @@
+"""Pluggable investor and voter strategies for PolyCode v0.1."""
+from __future__ import annotations
+
+import random
+from dataclasses import dataclass
+from typing import Protocol
+
+
+@dataclass(frozen=True)
+class Proposal:
+    id: int
+    effort: float
+    value: float
+
+
+class InvestorStrategy(Protocol):
+    def allocate(
+        self, proposal: Proposal, funded: float, available: float, rng: random.Random
+    ) -> float: ...
+
+
+class VoterStrategy(Protocol):
+    def approve(self, proposal: Proposal, funded: float, rng: random.Random) -> bool: ...
+
+
+class ThresholdInvestor:
+    """Invest when projected value covers effort."""
+
+    def allocate(
+        self, proposal: Proposal, funded: float, available: float, rng: random.Random
+    ) -> float:
+        if proposal.value < proposal.effort or available <= 0:
+            return 0.0
+        need = max(0.0, proposal.effort - funded)
+        return min(available, need)
+
+
+class RandomInvestor:
+    def allocate(
+        self, proposal: Proposal, funded: float, available: float, rng: random.Random
+    ) -> float:
+        if available <= 0:
+            return 0.0
+        return rng.uniform(0, min(available, max(0.0, proposal.effort - funded)))
+
+
+class ValueVoter:
+    def approve(self, proposal: Proposal, funded: float, rng: random.Random) -> bool:
+        return funded >= proposal.effort and proposal.value >= proposal.effort
+
+
+class LenientVoter:
+    def approve(self, proposal: Proposal, funded: float, rng: random.Random) -> bool:
+        return funded >= proposal.effort * 0.8
\ No newline at end of file
diff --git a/tests/test_smoke.py b/tests/test_smoke.py
new file mode 100644
index 0000000..50a1023
--- /dev/null
+++ b/tests/test_smoke.py
@@ -0,0 +1,14 @@
+from pathlib import Path
+
+from simulator import load_params, run_simulation, write_run
+
+
+def test_demo_run_produces_summary(tmp_path: Path) -> None:
+    params = load_params()
+    params["rounds"] = 3
+    summary = run_simulation(params)
+    assert summary.accepted + summary.rejected == 3
+    assert 0.0 <= summary.acceptance_rate <= 1.0
+    out = write_run(summary, params, tmp_path)
+    assert out.exists()
+    assert out.stat().st_size > 0
\ No newline at end of file
diff --git a/workplans/POLYCODE-WP-0002-simulator-v01-scaffold.md b/workplans/POLYCODE-WP-0002-simulator-v01-scaffold.md
index a687984..5f9be83 100644
--- a/workplans/POLYCODE-WP-0002-simulator-v01-scaffold.md
+++ b/workplans/POLYCODE-WP-0002-simulator-v01-scaffold.md
@@ -4,11 +4,12 @@ type: workplan
 title: "PolyCode simulator v0.1 scaffold"
 domain: infotech
 repo: polycode-sim
-status: ready
+status: finished
 owner: codex
 topic_slug: custodian
 created: "2026-07-08"
 updated: "2026-07-08"
+state_hub_workstream_id: "f0281f0c-327c-430e-ab1a-c3fd031511e3"
 ---
 
 # PolyCode simulator v0.1 scaffold
@@ -19,8 +20,11 @@ Implement the documented v0.1 simulation engine (`simulator.py`, `strategies.py`
 
 ```task
 id: POLYCODE-WP-0002-T01
-status: todo
+status: done
 priority: high
+state_hub_task_id: "e8411084-8d8e-4c08-a07c-1b1865be2baa"
 ```
 
+Result 2026-07-08: Added simulator.py, strategies.py, experiments.py, params_default.json; pytest smoke green; demo run writes runs/.
+
 Add minimal runnable simulator with default strategies, params file, `./runs/` output, and a smoke test for one demo run.