diff --git a/comet.wasm b/comet.wasm
index 193b33da..a6a14345 100644
Binary files a/comet.wasm and b/comet.wasm differ
diff --git a/pool/src/contract.rs b/pool/src/contract.rs
index e804d1c0..25b8cbc5 100644
--- a/pool/src/contract.rs
+++ b/pool/src/contract.rs
@@ -39,6 +39,15 @@ pub trait Pool {
         usdc_id: Address,
     );
 
+    /// (Admin only) Set a new address as the admin of this pool
+    ///
+    /// ### Arguments
+    /// * `new_admin` - The new admin address
+    ///
+    /// ### Panics
+    /// If the caller is not the admin
+    fn set_admin(e: Env, new_admin: Address);
+
     /// (Admin only) Update the pool
     ///
     /// ### Arguments
@@ -46,7 +55,7 @@ pub trait Pool {
     ///
     /// ### Panics
     /// If the caller is not the admin
-    fn update_pool(e: Env, backstiop_take_rate: u64);
+    fn update_pool(e: Env, backstop_take_rate: u64);
 
     /// (Admin only) Initialize a reserve in the pool
     ///
@@ -233,6 +242,17 @@ impl Pool for PoolContract {
         );
     }
 
+    fn set_admin(e: Env, new_admin: Address) {
+        storage::bump_instance(&e);
+        let admin = storage::get_admin(&e);
+        admin.require_auth();
+
+        storage::set_admin(&e, &new_admin);
+
+        e.events()
+            .publish((Symbol::new(&e, "set_admin"), admin), new_admin);
+    }
+
     fn update_pool(e: Env, backstop_take_rate: u64) {
         storage::bump_instance(&e);
         let admin = storage::get_admin(&e);
diff --git a/test-suites/src/setup.rs b/test-suites/src/setup.rs
index 5a8e2352..e62862e2 100644
--- a/test-suites/src/setup.rs
+++ b/test-suites/src/setup.rs
@@ -60,9 +60,9 @@ pub fn create_fixture_with_data<'a>(wasm: bool) -> TestFixture<'a> {
 
     // mint LP tokens with whale
     fixture.tokens[TokenIndex::BLND].mint(&frodo, &(500_001 * SCALAR_7));
-    fixture.tokens[TokenIndex::BLND].approve(&frodo, &fixture.lp.address, &i128::MAX, &99999);
+    // fixture.tokens[TokenIndex::BLND].approve(&frodo, &fixture.lp.address, &i128::MAX, &99999);
     fixture.tokens[TokenIndex::USDC].mint(&frodo, &(12_501 * SCALAR_7));
-    fixture.tokens[TokenIndex::USDC].approve(&frodo, &fixture.lp.address, &i128::MAX, &99999);
+    // fixture.tokens[TokenIndex::USDC].approve(&frodo, &fixture.lp.address, &i128::MAX, &99999);
     fixture.lp.join_pool(
         &(50_000 * SCALAR_7),
         &vec![&fixture.env, 500_001 * SCALAR_7, 12_501 * SCALAR_7],
diff --git a/test-suites/tests/test_emitter.rs b/test-suites/tests/test_emitter.rs
index 14034cc6..2cf9c1d5 100644
--- a/test-suites/tests/test_emitter.rs
+++ b/test-suites/tests/test_emitter.rs
@@ -72,7 +72,13 @@ fn test_emitter() {
     // Mint enough tokens to a new backstop address to perform a swap, then swap the backstops
     let old_backstop_balance = bstop_token.balance(&fixture.backstop.address);
     let new_backstop = Address::random(&fixture.env);
-    bstop_token.mint(&new_backstop, &(old_backstop_balance + 1));
+    fixture.tokens[TokenIndex::BLND].mint(&new_backstop, &(505_001 * SCALAR_7));
+    fixture.tokens[TokenIndex::USDC].mint(&new_backstop, &(13_501 * SCALAR_7));
+    fixture.lp.join_pool(
+        &(old_backstop_balance + 1),
+        &vec![&fixture.env, 505_001 * SCALAR_7, 13_501 * SCALAR_7],
+        &new_backstop,
+    );
     fixture.emitter.swap_backstop(&new_backstop);
     assert_eq!(fixture.env.auths().len(), 0);
     assert_eq!(fixture.emitter.get_backstop(), new_backstop.clone());
diff --git a/test-suites/tests/test_pool.rs b/test-suites/tests/test_pool.rs
index 5f13fc6f..4a3ec7d2 100644
--- a/test-suites/tests/test_pool.rs
+++ b/test-suites/tests/test_pool.rs
@@ -535,7 +535,7 @@ fn test_pool_user() {
 /// Does not test internal state management of the lending pool, only external effects.
 #[test]
 fn test_pool_config() {
-    let fixture = create_fixture_with_data(true);
+    let fixture = create_fixture_with_data(false);
 
     let pool_fixture = &fixture.pools[0];
 
@@ -682,12 +682,46 @@ fn test_pool_config() {
         ]
     );
 
+    // Set admin (admin only)
+    let new_admin = Address::random(&fixture.env);
+    pool_fixture.pool.set_admin(&new_admin);
+    assert_eq!(
+        fixture.env.auths()[0],
+        (
+            fixture.bombadil.clone(),
+            AuthorizedInvocation {
+                function: AuthorizedFunction::Contract((
+                    pool_fixture.pool.address.clone(),
+                    Symbol::new(&fixture.env, "set_admin"),
+                    vec![&fixture.env, new_admin.to_val(),]
+                )),
+                sub_invocations: std::vec![]
+            }
+        )
+    );
+    let event = vec![&fixture.env, fixture.env.events().all().last_unchecked()];
+    assert_eq!(
+        event,
+        vec![
+            &fixture.env,
+            (
+                pool_fixture.pool.address.clone(),
+                (
+                    Symbol::new(&fixture.env, "set_admin"),
+                    fixture.bombadil.clone()
+                )
+                    .into_val(&fixture.env),
+                new_admin.into_val(&fixture.env)
+            )
+        ]
+    );
+
     // Set status (admin only)
     pool_fixture.pool.set_status(&1);
     assert_eq!(
         fixture.env.auths()[0],
         (
-            fixture.bombadil.clone(),
+            new_admin.clone(),
             AuthorizedInvocation {
                 function: AuthorizedFunction::Contract((
                     pool_fixture.pool.address.clone(),
@@ -707,11 +741,7 @@ fn test_pool_config() {
             &fixture.env,
             (
                 pool_fixture.pool.address.clone(),
-                (
-                    Symbol::new(&fixture.env, "set_status"),
-                    fixture.bombadil.clone()
-                )
-                    .into_val(&fixture.env),
+                (Symbol::new(&fixture.env, "set_status"), new_admin.clone()).into_val(&fixture.env),
                 1u32.into_val(&fixture.env)
             )
         ]
@@ -758,7 +788,7 @@ fn test_pool_config() {
     assert_eq!(
         fixture.env.auths()[0],
         (
-            fixture.bombadil.clone(),
+            new_admin.clone(),
             AuthorizedInvocation {
                 function: AuthorizedFunction::Contract((
                     pool_fixture.pool.address.clone(),