The Polchinski ERGE involves a smooth UV regulator cutoff. Basically, the idea is an improvement over the Wilson ERGE. Instead of a sharp momentum cutoff, it uses a smooth cutoff. Essentially, we suppress contributions from momenta greater than Λ heavily. The smoothness of the cutoff, however, allows us to derive a functional differential equation in the cutoff scale Λ. As in Wilson's approach, we have a different action functional for each cutoff energy scale Λ. Each of these actions are supposed to describe exactly the same model which means that their partition functionals have to match exactly.