diff --git a/go.mod b/go.mod
index acda962d0fc..3bdd06fd655 100644
--- a/go.mod
+++ b/go.mod
@@ -4,7 +4,7 @@ go 1.17
 
 require (
 	github.com/cosmos/cosmos-sdk v0.44.5
-	github.com/cosmos/ibc-go/v2 v2.0.2
+	github.com/cosmos/ibc-go/v2 v2.0.3
 	github.com/gorilla/mux v1.8.0
 	github.com/gravity-devs/liquidity v1.4.2
 	github.com/rakyll/statik v0.1.7
diff --git a/go.sum b/go.sum
index dde06f90550..cab5ee6f68a 100644
--- a/go.sum
+++ b/go.sum
@@ -231,8 +231,8 @@ github.com/cosmos/iavl v0.17.1/go.mod h1:7aisPZK8yCpQdy3PMvKeO+bhq1NwDjUwjzxwwRO
 github.com/cosmos/iavl v0.17.3 h1:s2N819a2olOmiauVa0WAhoIJq9EhSXE9HDBAoR9k+8Y=
 github.com/cosmos/iavl v0.17.3/go.mod h1:prJoErZFABYZGDHka1R6Oay4z9PrNeFFiMKHDAMOi4w=
 github.com/cosmos/ibc-go/v2 v2.0.0/go.mod h1:n53VhNSUxCtMLysvgyNhwrGHL8OW+318LMjtSmaVe9Q=
-github.com/cosmos/ibc-go/v2 v2.0.2 h1:y7eUgggMEVe43wHLw9XrGbeaTWtfkJYMoL3m6YW4fIY=
-github.com/cosmos/ibc-go/v2 v2.0.2/go.mod h1:XUmW7wmubCRhIEAGtMGS+5IjiSSmcAwihoN/yPGd6Kk=
+github.com/cosmos/ibc-go/v2 v2.0.3 h1:kZ6SAj7hyxoixsLEUBx431bVGiBW22PCHwkWHafWhXs=
+github.com/cosmos/ibc-go/v2 v2.0.3/go.mod h1:XUmW7wmubCRhIEAGtMGS+5IjiSSmcAwihoN/yPGd6Kk=
 github.com/cosmos/ledger-cosmos-go v0.11.1 h1:9JIYsGnXP613pb2vPjFeMMjBI5lEDsEaF6oYorTy6J4=
 github.com/cosmos/ledger-cosmos-go v0.11.1/go.mod h1:J8//BsAGTo3OC/vDLjMRFLW6q0WAaXvHnVc7ZmE8iUY=
 github.com/cosmos/ledger-go v0.9.2 h1:Nnao/dLwaVTk1Q5U9THldpUMMXU94BOTWPddSmVB6pI=