diff --git a/pkg/transformers/test_data/vat_fold.go b/pkg/transformers/test_data/vat_fold.go
new file mode 100644
index 00000000..98334d8b
--- /dev/null
+++ b/pkg/transformers/test_data/vat_fold.go
@@ -0,0 +1,53 @@
+// Copyright 2018 Vulcanize
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+package test_data
+
+import (
+	"bytes"
+	"encoding/json"
+
+	"github.com/ethereum/go-ethereum/common"
+	"github.com/ethereum/go-ethereum/common/hexutil"
+	"github.com/ethereum/go-ethereum/core/types"
+
+	"github.com/vulcanize/vulcanizedb/pkg/transformers/shared"
+	"github.com/vulcanize/vulcanizedb/pkg/transformers/vat_fold"
+)
+
+var EthVatFoldLog = types.Log{
+	Address: common.HexToAddress(shared.VatContractAddress),
+	Topics: []common.Hash{
+		common.HexToHash("0xe6a6a64d00000000000000000000000000000000000000000000000000000000"),
+		common.HexToHash("0x00000000000000000000000007Fa9eF6609cA7921112231F8f195138ebbA2977"),
+		common.HexToHash("0x00000000000000000000000064d922894153be9eef7b7218dc565d1d0ce2a092"),
+		common.HexToHash("0x0000000000000000000000000000000000000000000000000000000000000002"),
+	},
+	Data:        hexutil.MustDecode("0x000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000000243b66319566616b6520696c6b000000000000000000000000000000000000000000000000"),
+	BlockNumber: 72,
+	TxHash:      common.HexToHash("0xe8f39fbb7fea3621f543868f19b1114e305aff6a063a30d32835ff1012526f91"),
+	TxIndex:     8,
+	BlockHash:   common.HexToHash("0xe3dd2e05bd8b92833e20ed83e2171bbc06a9ec823232eca1730a807bd8f5edc0"),
+	Index:       5,
+	Removed:     false,
+}
+
+var rawVatFoldLog, _ = json.Marshal(EthVatFoldLog)
+var VatFoldModel = vat_fold.VatFoldModel{
+	Ilk:              string(bytes.Trim(EthVatFoldLog.Topics[1].Bytes(), "\x00")),
+	Urn:              string(bytes.Trim(EthVatFoldLog.Topics[2].Bytes(), "\x00")),
+	Rate:             string(bytes.Trim(EthVatFoldLog.Topics[3].Bytes(), "\x00")),
+	TransactionIndex: EthVatFoldLog.TxIndex,
+	Raw:              rawVatFoldLog,
+}
diff --git a/pkg/transformers/vat_fold/converter.go b/pkg/transformers/vat_fold/converter.go
new file mode 100644
index 00000000..74fb3b63
--- /dev/null
+++ b/pkg/transformers/vat_fold/converter.go
@@ -0,0 +1,57 @@
+// Copyright 2018 Vulcanize
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+package vat_fold
+
+import (
+	"bytes"
+	"encoding/json"
+	"errors"
+
+	"github.com/ethereum/go-ethereum/core/types"
+)
+
+type Converter interface {
+	ToModel(ethLog types.Log) (VatFoldModel, error)
+}
+
+type VatFoldConverter struct{}
+
+func (VatFoldConverter) ToModel(ethLog types.Log) (VatFoldModel, error) {
+	err := verifyLog(ethLog)
+	if err != nil {
+		return VatFoldModel{}, err
+	}
+
+	ilk := string(bytes.Trim(ethLog.Topics[1].Bytes(), "\x00"))
+	urn := string(bytes.Trim(ethLog.Topics[2].Bytes(), "\x00"))
+	rate := string(bytes.Trim(ethLog.Topics[3].Bytes(), "\x00"))
+	raw, err := json.Marshal(ethLog)
+
+	return VatFoldModel{
+		Ilk:              ilk,
+		Urn:              urn,
+		Rate:             rate,
+		TransactionIndex: ethLog.TxIndex,
+		Raw:              raw,
+	}, err
+}
+
+func verifyLog(log types.Log) error {
+	if len(log.Topics) < 4 {
+		return errors.New("log missing topics")
+	}
+
+	return nil
+}
diff --git a/pkg/transformers/vat_fold/converter_test.go b/pkg/transformers/vat_fold/converter_test.go
new file mode 100644
index 00000000..021096db
--- /dev/null
+++ b/pkg/transformers/vat_fold/converter_test.go
@@ -0,0 +1,44 @@
+// Copyright 2018 Vulcanize
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+package vat_fold_test
+
+import (
+	"github.com/ethereum/go-ethereum/core/types"
+	. "github.com/onsi/ginkgo"
+	. "github.com/onsi/gomega"
+
+	"github.com/vulcanize/vulcanizedb/pkg/transformers/test_data"
+	"github.com/vulcanize/vulcanizedb/pkg/transformers/vat_fold"
+)
+
+var _ = Describe("Vat fold converter", func() {
+	It("returns err if log missing topics", func() {
+		converter := vat_fold.VatFoldConverter{}
+		badLog := types.Log{}
+
+		_, err := converter.ToModel(badLog)
+
+		Expect(err).To(HaveOccurred())
+	})
+
+	It("converts a log to an model", func() {
+		converter := vat_fold.VatFoldConverter{}
+
+		model, err := converter.ToModel(test_data.EthVatFoldLog)
+
+		Expect(err).NotTo(HaveOccurred())
+		Expect(model).To(Equal(test_data.VatFoldModel))
+	})
+})
diff --git a/pkg/transformers/vat_fold/model.go b/pkg/transformers/vat_fold/model.go
new file mode 100644
index 00000000..9af973b3
--- /dev/null
+++ b/pkg/transformers/vat_fold/model.go
@@ -0,0 +1,9 @@
+package vat_fold
+
+type VatFoldModel struct {
+	Ilk              string
+	Urn              string
+	Rate             string
+	TransactionIndex uint   `db:"tx_idx"`
+	Raw              []byte `db:"raw_log"`
+}
diff --git a/pkg/transformers/vat_fold/vat_fold_suite_test.go b/pkg/transformers/vat_fold/vat_fold_suite_test.go
new file mode 100644
index 00000000..97a2aac7
--- /dev/null
+++ b/pkg/transformers/vat_fold/vat_fold_suite_test.go
@@ -0,0 +1,19 @@
+package vat_fold_test
+
+import (
+	"io/ioutil"
+	"log"
+	"testing"
+
+	. "github.com/onsi/ginkgo"
+	. "github.com/onsi/gomega"
+)
+
+func TestVatFold(t *testing.T) {
+	RegisterFailHandler(Fail)
+	RunSpecs(t, "VatFold Suite")
+}
+
+var _ = BeforeSuite(func() {
+	log.SetOutput(ioutil.Discard)
+})