diff --git a/test/allocators/AaveAllocator.test.ts b/test/allocators/AaveAllocator.test.ts
new file mode 100644
index 000000000..6f15c5012
--- /dev/null
+++ b/test/allocators/AaveAllocator.test.ts
@@ -0,0 +1,96 @@
+import { SignerWithAddress } from "@nomiclabs/hardhat-ethers/dist/src/signer-with-address";
+import chai, { expect } from "chai";
+import { ethers } from "hardhat";
+const { BigNumber } = ethers;
+import { FakeContract, smock } from "@defi-wonderland/smock";
+import {
+    IERC20,
+    IERC20Metadata,
+    ITreasury,
+    IStabilityPool,
+    ILQTYStaking,
+    ISwapRouter,
+    LUSDAllocator,
+    AaveAllocator,
+    AaveAllocator__factory,
+    LUSDAllocator__factory,
+    OlympusAuthority,
+    OlympusAuthority__factory,
+} from "../../types";
+const { fork_network, fork_reset } = require("../utils/network_fork");
+const impersonateAccount = require("../utils/impersonate_account");
+const { advanceBlock, duration, increase } = require("../utils/advancement");
+
+chai.use(smock.matchers);
+
+describe("AaveAllocator", () => {
+    describe("unit tests", () => {
+        let owner: SignerWithAddress;
+        let governor: SignerWithAddress;
+        let guardian: SignerWithAddress;
+        let other: SignerWithAddress;
+        let alice: SignerWithAddress;
+        let bob: SignerWithAddress;
+        let treasuryFake: FakeContract<ITreasury>;
+        let stabilityPoolFake: FakeContract<IStabilityPool>;
+        let daiTokenFake: FakeContract<IERC20>;
+        let adaiTokenFake: FakeContract<IERC20>;
+        let aaveAllocator: AaveAllocator;
+        let authority: OlympusAuthority;
+
+        beforeEach(async () => {
+            [owner, governor, guardian, other, alice, bob] = await ethers.getSigners();
+            treasuryFake = await smock.fake<ITreasury>("ITreasury");
+            stabilityPoolFake = await smock.fake<IStabilityPool>("IStabilityPool");
+            daiTokenFake = await smock.fake<IERC20>("contracts/interfaces/IERC20.sol:IERC20");
+            adaiTokenFake = await smock.fake<IERC20>("contracts/interfaces/IERC20.sol:IERC20");
+            authority = await new OlympusAuthority__factory(owner).deploy(
+                governor.address,
+                guardian.address,
+                owner.address,
+                owner.address
+            );
+        });
+        describe("constructor", () => {
+            it("can construct", async () => {
+                aaveAllocator = await new AaveAllocator__factory(owner).deploy(
+                    authority.address,
+                );
+                expect(await aaveAllocator.referralCode()).to.equal(0);
+                await aaveAllocator.addToken(daiTokenFake.address, adaiTokenFake.address, 100)
+            });
+        });
+
+        describe("post-constructor", () => {
+            beforeEach(async () => {
+                aaveAllocator = await new AaveAllocator__factory(owner).deploy(
+                    authority.address,
+                );
+            });
+
+            describe("setter tests", () => {
+                it("invalid setReferralCode", async () => {
+                    try {
+                        await expect(aaveAllocator.connect(owner).setReferralCode(-1))
+                        .to.be.revertedWith("value out-of-bounds (argument=\"code\", value=-1, code=INVALID_ARGUMENT, version=abi/5.5.0)");
+                    } catch (error) {
+                        console.log(error)
+                    }
+                });
+                it("valid setReferralCode", async () => {
+                    await aaveAllocator.connect(owner).setReferralCode(65535);
+                    await aaveAllocator.connect(owner).setReferralCode(0);
+                });
+            });
+        });
+        // WIP
+        // describe("deposit", () => {
+        //     it("not guardian", async () => {
+        //         await expect(aaveAllocator.connect(owner).deposit(daiTokenFake.address, 1)).to.be.revertedWith(
+        //             "UNAUTHORIZED"
+        //         );
+        //     });
+        // });
+
+    });
+});