diff --git a/protocol/app/testdata/default_genesis_state.json b/protocol/app/testdata/default_genesis_state.json
index c2a5d29739..48de48a5ba 100644
--- a/protocol/app/testdata/default_genesis_state.json
+++ b/protocol/app/testdata/default_genesis_state.json
@@ -355,7 +355,7 @@
   "listing": {
     "hard_cap_for_markets": 500,
     "listing_vault_deposit_params": {
-      "new_vault_deposit_amount": "10000",
+      "new_vault_deposit_amount": "10000000000",
       "main_vault_deposit_amount": "0",
       "num_blocks_to_lock_shares": 2592000
     }
diff --git a/protocol/scripts/genesis/sample_pregenesis.json b/protocol/scripts/genesis/sample_pregenesis.json
index 8db431aea6..6594f9c167 100644
--- a/protocol/scripts/genesis/sample_pregenesis.json
+++ b/protocol/scripts/genesis/sample_pregenesis.json
@@ -872,7 +872,7 @@
       "hard_cap_for_markets": 500,
       "listing_vault_deposit_params": {
         "main_vault_deposit_amount": "0",
-        "new_vault_deposit_amount": "10000",
+        "new_vault_deposit_amount": "10000000000",
         "num_blocks_to_lock_shares": 2592000
       }
     },
diff --git a/protocol/testing/genesis.sh b/protocol/testing/genesis.sh
index 3f9476f515..69dab93c04 100755
--- a/protocol/testing/genesis.sh
+++ b/protocol/testing/genesis.sh
@@ -2262,7 +2262,7 @@ function edit_genesis() {
 	# Set hard cap for markets
 	dasel put -t int -f "$GENESIS" ".app_state.listing.hard_cap_for_markets" -v '500'
 	# Set default listing vault deposit params
-	dasel put -t string -f "$GENESIS" ".app_state.listing.listing_vault_deposit_params.new_vault_deposit_amount" -v "10000" # 10_000 USDC
+	dasel put -t string -f "$GENESIS" ".app_state.listing.listing_vault_deposit_params.new_vault_deposit_amount" -v "10000000000" # 10_000 USDC
 	dasel put -t string -f "$GENESIS" ".app_state.listing.listing_vault_deposit_params.main_vault_deposit_amount" -v "0" # 0 USDC
 	dasel put -t int -f "$GENESIS" ".app_state.listing.listing_vault_deposit_params.num_blocks_to_lock_shares" -v '2592000' # 30 days
 
diff --git a/protocol/testutil/constants/genesis.go b/protocol/testutil/constants/genesis.go
index 2f94b85f38..f56364819b 100644
--- a/protocol/testutil/constants/genesis.go
+++ b/protocol/testutil/constants/genesis.go
@@ -875,7 +875,7 @@ const GenesisState = `{
     "listing": {
       "hard_cap_for_markets": 500,
       "listing_vault_deposit_params": {
-        "new_vault_deposit_amount": "10000",
+        "new_vault_deposit_amount": "10000000000",
         "main_vault_deposit_amount": "0",
         "num_blocks_to_lock_shares": 2592000
       }
diff --git a/protocol/x/listing/keeper/listing.go b/protocol/x/listing/keeper/listing.go
index 1545fff5ab..120546c98b 100644
--- a/protocol/x/listing/keeper/listing.go
+++ b/protocol/x/listing/keeper/listing.go
@@ -4,8 +4,6 @@ import (
 	"math"
 	"math/big"
 
-	"github.com/dydxprotocol/v4-chain/protocol/dtypes"
-
 	vaulttypes "github.com/dydxprotocol/v4-chain/protocol/x/vault/types"
 
 	satypes "github.com/dydxprotocol/v4-chain/protocol/x/subaccounts/types"
@@ -209,8 +207,7 @@ func (k Keeper) DepositToMegavaultforPML(
 	vaultDepositParams := k.GetListingVaultDepositParams(ctx)
 
 	// Deposit to the megavault
-	totalDepositAmount := big.NewInt(0)
-	totalDepositAmount.Add(
+	totalDepositAmount := new(big.Int).Add(
 		vaultDepositParams.NewVaultDepositAmount.BigInt(),
 		vaultDepositParams.MainVaultDepositAmount.BigInt(),
 	)
@@ -242,7 +239,7 @@ func (k Keeper) DepositToMegavaultforPML(
 	err = k.VaultKeeper.LockShares(
 		ctx,
 		fromSubaccount.Owner,
-		vaulttypes.NumShares{NumShares: dtypes.NewIntFromBigInt(mintedShares)},
+		vaulttypes.BigIntToNumShares(mintedShares),
 		uint32(ctx.BlockHeight())+vaultDepositParams.NumBlocksToLockShares,
 	)
 	if err != nil {
diff --git a/protocol/x/listing/keeper/msg_create_market_permissionless.go b/protocol/x/listing/keeper/msg_create_market_permissionless.go
index 27eb3ca930..a54cff5145 100644
--- a/protocol/x/listing/keeper/msg_create_market_permissionless.go
+++ b/protocol/x/listing/keeper/msg_create_market_permissionless.go
@@ -37,7 +37,6 @@ func (k msgServer) CreateMarketPermissionless(
 		return nil, err
 	}
 
-	// TODO: vault deposit for PML
 	err = k.Keeper.DepositToMegavaultforPML(ctx, *msg.SubaccountId, clobPairId)
 	if err != nil {
 		k.Logger(ctx).Error("failed to deposit to megavault for PML market", "error", err)
diff --git a/protocol/x/listing/types/params.go b/protocol/x/listing/types/params.go
index 2cf5960179..073654d4d7 100644
--- a/protocol/x/listing/types/params.go
+++ b/protocol/x/listing/types/params.go
@@ -5,7 +5,7 @@ import "github.com/dydxprotocol/v4-chain/protocol/dtypes"
 // DefaultParams defines the default parameters for listing vault deposits.
 func DefaultParams() ListingVaultDepositParams {
 	return ListingVaultDepositParams{
-		NewVaultDepositAmount:  dtypes.NewIntFromUint64(10_000),
+		NewVaultDepositAmount:  dtypes.NewIntFromUint64(10_000_000_000), // 10_000 USDC
 		MainVaultDepositAmount: dtypes.NewIntFromUint64(0),
 		NumBlocksToLockShares:  30 * 24 * 3600, // 30 days
 	}