diff --git a/src/PSMFed.sol b/src/PSMFed.sol
index 5e17ed6..ee3b769 100644
--- a/src/PSMFed.sol
+++ b/src/PSMFed.sol
@@ -22,6 +22,8 @@ contract PSMFed {
     event PendingGovUpdated(address indexed pendingGov);
     event ChairChanged(address indexed oldChair, address indexed newChair);
     event SupplyCapUpdated(uint256 oldSupplyCap, uint256 newSupplyCap);
+    event Expansion(uint256 amount);
+    event Contraction(uint256 amount);
 
     constructor(address _psm, address _gov, address _chair, address _dola) {
         psm = _psm;
@@ -52,6 +54,7 @@ contract PSMFed {
         require(amount + supply <= supplyCap, "Supply cap exceeded");
         supply += amount;
         DOLA.mint(psm, amount);
+        emit Expansion(amount);
     }
 
     /**
@@ -66,6 +69,7 @@ contract PSMFed {
         supply -= amount;
         DOLA.transferFrom(psm, address(this), amount);
         DOLA.burn(amount);
+        emit Contraction(amount);
     }
 
     /**
diff --git a/test/PSM.t.sol b/test/PSM.t.sol
index d67da9c..5cc15ea 100644
--- a/test/PSM.t.sol
+++ b/test/PSM.t.sol
@@ -441,7 +441,7 @@ contract PSMTest is Test {
         uint256 sellFee1 = dolaToSell1 * psm.sellFeeBps() / 10000; // 1% sell fee
         uint256 sellFee2 = dolaToSell2 * psm.sellFeeBps() / 10000; // 1% sell fee
         assertEq(collateral.balanceOf(user), user1CollateralBal - (buyFee1 + sellFee1)); // User 1 gets back collateral minus fees
-            // Profit should include fees from both users
+        // Profit should include fees from both users
         assertEq(psm.getProfit(), psmProfit + buyFee1 + buyFee2 + sellFee1 + sellFee2);
         psm.takeProfit(); // Take profit