diff --git a/.github/workflows/protocol-build-and-push-snapshot.yml b/.github/workflows/protocol-build-and-push-snapshot.yml
index e5ff2c8b05..1461252b12 100644
--- a/.github/workflows/protocol-build-and-push-snapshot.yml
+++ b/.github/workflows/protocol-build-and-push-snapshot.yml
@@ -6,6 +6,7 @@ on:  # yamllint disable-line rule:truthy
       - main
       - 'release/protocol/v[0-9]+.[0-9]+.x'  # e.g. release/protocol/v0.1.x
       - 'release/protocol/v[0-9]+.x'  # e.g. release/protocol/v1.x
+      - 'adam/upgrade_test_v7_dev1'
 
 jobs:
   build-and-push-snapshot-dev:
diff --git a/.github/workflows/protocol-build-and-push.yml b/.github/workflows/protocol-build-and-push.yml
index ade5341369..4ecb7237c3 100644
--- a/.github/workflows/protocol-build-and-push.yml
+++ b/.github/workflows/protocol-build-and-push.yml
@@ -6,6 +6,7 @@ on:  # yamllint disable-line rule:truthy
       - main
       - 'release/protocol/v[0-9]+.[0-9]+.x'  # e.g. release/protocol/v0.1.x
       - 'release/protocol/v[0-9]+.x'  # e.g. release/protocol/v1.x
+      - 'adam/upgrade_test_v7_dev1'
 
 jobs:
   build-and-push-dev:
diff --git a/protocol/testing/genesis.sh b/protocol/testing/genesis.sh
index 28d1f8c6c7..578eaa6268 100755
--- a/protocol/testing/genesis.sh
+++ b/protocol/testing/genesis.sh
@@ -22,15 +22,13 @@ NATIVE_TOKEN="adv4tnt" # public testnet token
 DEFAULT_SUBACCOUNT_QUOTE_BALANCE=100000000000000000
 DEFAULT_SUBACCOUNT_QUOTE_BALANCE_FAUCET=900000000000000000
 DEFAULT_SUBACCOUNT_QUOTE_BALANCE_VAULT=1000000000
-MEGAVAULT_MAIN_VAULT_ACCOUNT_ADDR="dydx18tkxrnrkqc2t0lr3zxr5g6a4hdvqksylxqje4r"
-DEFAULT_MEGAVAULT_MAIN_VAULT_QUOTE_BALANCE=1000000000000 # 1 million USDC
 NATIVE_TOKEN_WHOLE_COIN="dv4tnt"
 COIN_NAME="dYdX V4 Testnet Token"
 # Each testnet validator has 1 million whole coins of native token.
 TESTNET_VALIDATOR_NATIVE_TOKEN_BALANCE=1000000$EIGHTEEN_ZEROS # 1e24 or 1 million native tokens.
 # Each testnet validator self-delegates 500k whole coins of native token.
 TESTNET_VALIDATOR_SELF_DELEGATE_AMOUNT=500000$EIGHTEEN_ZEROS # 5e23 or 500k native tokens.
-FAUCET_NATIVE_TOKEN_BALANCE=50000000$EIGHTEEN_ZEROS # 5e25 or 50 million native tokens. 
+FAUCET_NATIVE_TOKEN_BALANCE=50000000$EIGHTEEN_ZEROS # 5e25 or 50 million native tokens.
 ETH_CHAIN_ID=11155111 # sepolia
 # https://sepolia.etherscan.io/address/0xf75012c350e4ad55be2048bd67ce6e03b20de82d
 ETH_BRIDGE_ADDRESS="0xf75012c350e4ad55be2048bd67ce6e03b20de82d"
@@ -77,7 +75,7 @@ function edit_genesis() {
 		# Default to 200 million full coins.
 		REWARDS_VESTER_ACCOUNT_BALANCE="200000000$EIGHTEEN_ZEROS"
 	fi
-	
+
 	# Genesis time
 	dasel put -t string -f "$GENESIS" '.genesis_time' -v "$GENESIS_TIME"
 
@@ -93,10 +91,10 @@ function edit_genesis() {
 	dasel put -t string -f "$GENESIS" '.app_state.gov.params.min_deposit.[0].denom' -v "$NATIVE_TOKEN"
 	dasel put -t string -f "$GENESIS" '.app_state.gov.params.expedited_min_deposit.[0].denom' -v "$NATIVE_TOKEN"
 	# reduced deposit period
-	dasel put -t string -f "$GENESIS" '.app_state.gov.params.max_deposit_period' -v '120s'
+	dasel put -t string -f "$GENESIS" '.app_state.gov.params.max_deposit_period' -v '300s'
 	# reduced voting period
 	dasel put -t string -f "$GENESIS" '.app_state.gov.params.expedited_voting_period' -v '60s'
-	dasel put -t string -f "$GENESIS" '.app_state.gov.params.voting_period' -v '120s'
+	dasel put -t string -f "$GENESIS" '.app_state.gov.params.voting_period' -v '300s'
 	# set initial deposit ratio to prevent spamming
 	dasel put -t string -f "$GENESIS" '.app_state.gov.params.min_initial_deposit_ratio' -v '0.20000' # 20%
 	# setting to 1 disables cancelling proposals
@@ -139,16 +137,18 @@ function edit_genesis() {
 	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].name' -v 'Large-Cap'
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].initial_margin_ppm' -v '50000' # 5%
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].maintenance_fraction_ppm' -v '600000' # 60% of IM
+	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].base_position_notional' -v '1000000000000' # 1_000_000 USDC
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].impact_notional' -v '10000000000' # 10_000 USDC (500 USDC / 5%)
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].open_interest_lower_cap' -v '0' # OIMF doesn't apply to Large-Cap
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].open_interest_upper_cap' -v '0' # OIMF doesn't apply to Large-Cap
 
-	# Liquidity Tier: Small-Cap
+	# Liquidity Tier: Mid-Cap
 	dasel put -t json -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[]' -v "{}"
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].id' -v '1'
-	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].name' -v 'Small-Cap'
+	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].name' -v 'Mid-Cap'
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].initial_margin_ppm' -v '100000' # 10%
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].maintenance_fraction_ppm' -v '500000' # 50% of IM
+	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].base_position_notional' -v '250000000000' # 250_000 USDC
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].impact_notional' -v '5000000000' # 5_000 USDC (500 USDC / 10%)
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].open_interest_lower_cap' -v '20000000000000' # 20 million USDC
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[1].open_interest_upper_cap' -v '50000000000000' # 50 million USDC
@@ -159,6 +159,7 @@ function edit_genesis() {
 	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[2].name' -v 'Long-Tail'
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[2].initial_margin_ppm' -v '200000' # 20%
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[2].maintenance_fraction_ppm' -v '500000' # 50% of IM
+	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[2].base_position_notional' -v '100000000000' # 100_000 USDC
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[2].impact_notional' -v '2500000000' # 2_500 USDC (500 USDC / 20%)
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[2].open_interest_lower_cap' -v '5000000000000' # 5 million USDC
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[2].open_interest_upper_cap' -v '10000000000000' # 10 million USDC
@@ -169,41 +170,12 @@ function edit_genesis() {
 	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[3].name' -v 'Safety'
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[3].initial_margin_ppm' -v '1000000' # 100%
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[3].maintenance_fraction_ppm' -v '200000' # 20% of IM
+	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[3].base_position_notional' -v '1000000000' # 1_000 USDC
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[3].impact_notional' -v '2500000000' # 2_500 USDC (2_500 USDC / 100%)
 	# For `Safety` IMF is already at 100%; still we set OIMF for completeness.
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[3].open_interest_lower_cap' -v '2000000000000' # 2 million USDC
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[3].open_interest_upper_cap' -v '5000000000000' # 5 million USDC
 
-	# Liquidity Tier: Isolated
-	dasel put -t json -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[]' -v "{}"
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[4].id' -v '4'
-	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[4].name' -v 'Isolated'
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[4].initial_margin_ppm' -v '50000' # 5%
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[4].maintenance_fraction_ppm' -v '600000' # 60% of IM
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[4].impact_notional' -v '2500000000' # 2_500 USDC (125 USDC / 5%)
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[4].open_interest_lower_cap' -v '500000000000' # 500k USDC
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[4].open_interest_upper_cap' -v '1000000000000' # 1 million USDC
-
-	# Liquidity Tier: Mid-Cap
-	dasel put -t json -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[]' -v "{}"
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[5].id' -v '5'
-	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[5].name' -v 'Mid-Cap'
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[5].initial_margin_ppm' -v '50000' # 5%
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[5].maintenance_fraction_ppm' -v '600000' # 60% of IM
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[5].impact_notional' -v '5000000000' # 5_000 USDC (250 USDC / 5%)
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[5].open_interest_lower_cap' -v '40000000000000' # 40 million USDC
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[5].open_interest_upper_cap' -v '100000000000000' # 100 million USDC
-
-	# Liquidity Tier: FX
-	dasel put -t json -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[]' -v "{}"
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[6].id' -v '6'
-	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[6].name' -v 'FX'
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[6].initial_margin_ppm' -v '10000' # 1%
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[6].maintenance_fraction_ppm' -v '500000' # 50% of IM
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[6].impact_notional' -v '2500000000' # 2_500 USDC (25 USDC / 1%)
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[6].open_interest_lower_cap' -v '500000000000' # 500k USDC
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[6].open_interest_upper_cap' -v '1000000000000' # 1 million USDC
-
 	# Params.
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.params.funding_rate_clamp_factor_ppm' -v '6000000' # 600 % (same as 75% on hourly rate)
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.params.premium_vote_clamp_factor_ppm' -v '60000000' # 6000 % (some multiples of funding rate clamp factor)
@@ -548,7 +520,7 @@ function edit_genesis() {
 
     # Marketmap: BTC-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BTC/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BTC/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BTC/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BTC/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.BTC/USD.ticker.currency_pair.Base' -v 'BTC'
@@ -569,7 +541,7 @@ function edit_genesis() {
 
     # Marketmap: ETH-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETH/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETH/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETH/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETH/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETH/USD.ticker.currency_pair.Base' -v 'ETH'
@@ -589,7 +561,7 @@ function edit_genesis() {
 
     # Marketmap: LINK-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LINK/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LINK/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LINK/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LINK/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.LINK/USD.ticker.currency_pair.Base' -v 'LINK'
@@ -609,7 +581,7 @@ function edit_genesis() {
 
     # Marketmap: MATIC-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MATIC/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MATIC/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MATIC/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MATIC/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.MATIC/USD.ticker.currency_pair.Base' -v 'MATIC'
@@ -631,7 +603,7 @@ function edit_genesis() {
 
     # Marketmap: CRV-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.CRV/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.CRV/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.CRV/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.CRV/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.CRV/USD.ticker.currency_pair.Base' -v 'CRV'
@@ -650,7 +622,7 @@ function edit_genesis() {
 
     # Marketmap: SOL-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SOL/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SOL/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SOL/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SOL/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.SOL/USD.ticker.currency_pair.Base' -v 'SOL'
@@ -671,7 +643,7 @@ function edit_genesis() {
 
     # Marketmap: ADA-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ADA/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ADA/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ADA/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ADA/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.ADA/USD.ticker.currency_pair.Base' -v 'ADA'
@@ -693,7 +665,7 @@ function edit_genesis() {
 
     # Marketmap: AVAX-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.AVAX/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.AVAX/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.AVAX/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.AVAX/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.AVAX/USD.ticker.currency_pair.Base' -v 'AVAX'
@@ -715,7 +687,7 @@ function edit_genesis() {
 
     # Marketmap: FIL-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.FIL/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.FIL/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.FIL/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.FIL/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.FIL/USD.ticker.currency_pair.Base' -v 'FIL'
@@ -735,7 +707,7 @@ function edit_genesis() {
 
     # Marketmap: LTC-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LTC/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LTC/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LTC/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LTC/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.LTC/USD.ticker.currency_pair.Base' -v 'LTC'
@@ -756,7 +728,7 @@ function edit_genesis() {
 
     # Marketmap: DOGE-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOGE/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOGE/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOGE/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOGE/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOGE/USD.ticker.currency_pair.Base' -v 'DOGE'
@@ -778,7 +750,7 @@ function edit_genesis() {
 
     # Marketmap: ATOM-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ATOM/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ATOM/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ATOM/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ATOM/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.ATOM/USD.ticker.currency_pair.Base' -v 'ATOM'
@@ -799,7 +771,7 @@ function edit_genesis() {
 
     # Marketmap: DOT-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOT/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOT/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOT/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOT/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.DOT/USD.ticker.currency_pair.Base' -v 'DOT'
@@ -820,7 +792,7 @@ function edit_genesis() {
 
     # Marketmap: UNI-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.UNI/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.UNI/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.UNI/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.UNI/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.UNI/USD.ticker.currency_pair.Base' -v 'UNI'
@@ -841,7 +813,7 @@ function edit_genesis() {
 
     # Marketmap: BCH-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BCH/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BCH/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BCH/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BCH/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.BCH/USD.ticker.currency_pair.Base' -v 'BCH'
@@ -863,7 +835,7 @@ function edit_genesis() {
 
     # Marketmap: TRX-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TRX/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TRX/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TRX/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TRX/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.TRX/USD.ticker.currency_pair.Base' -v 'TRX'
@@ -884,7 +856,7 @@ function edit_genesis() {
 
     # Marketmap: NEAR-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.NEAR/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.NEAR/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.NEAR/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.NEAR/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.NEAR/USD.ticker.currency_pair.Base' -v 'NEAR'
@@ -904,7 +876,7 @@ function edit_genesis() {
 
     # Marketmap: MKR-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MKR/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MKR/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MKR/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.MKR/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.MKR/USD.ticker.currency_pair.Base' -v 'MKR'
@@ -923,7 +895,7 @@ function edit_genesis() {
 
     # Marketmap: XLM-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XLM/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XLM/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XLM/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XLM/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.XLM/USD.ticker.currency_pair.Base' -v 'XLM'
@@ -943,7 +915,7 @@ function edit_genesis() {
 
     # Marketmap: ETC-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETC/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETC/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETC/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETC/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.ETC/USD.ticker.currency_pair.Base' -v 'ETC'
@@ -963,7 +935,7 @@ function edit_genesis() {
 
     # Marketmap: COMP-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.COMP/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.COMP/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.COMP/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.COMP/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.COMP/USD.ticker.currency_pair.Base' -v 'COMP'
@@ -982,7 +954,7 @@ function edit_genesis() {
 
     # Marketmap: WLD-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.WLD/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.WLD/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.WLD/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.WLD/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.WLD/USD.ticker.currency_pair.Base' -v 'WLD'
@@ -1002,7 +974,7 @@ function edit_genesis() {
 
     # Marketmap: APE-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APE/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APE/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APE/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APE/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.APE/USD.ticker.currency_pair.Base' -v 'APE'
@@ -1022,7 +994,7 @@ function edit_genesis() {
 
     # Marketmap: APT-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APT/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APT/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APT/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.APT/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.APT/USD.ticker.currency_pair.Base' -v 'APT'
@@ -1043,7 +1015,7 @@ function edit_genesis() {
 
     # Marketmap: ARB-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ARB/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ARB/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ARB/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.ARB/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.ARB/USD.ticker.currency_pair.Base' -v 'ARB'
@@ -1064,7 +1036,7 @@ function edit_genesis() {
 
     # Marketmap: BLUR-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BLUR/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BLUR/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BLUR/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.BLUR/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.BLUR/USD.ticker.currency_pair.Base' -v 'BLUR'
@@ -1083,7 +1055,7 @@ function edit_genesis() {
 
     # Marketmap: LDO-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LDO/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LDO/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LDO/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.LDO/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.LDO/USD.ticker.currency_pair.Base' -v 'LDO'
@@ -1102,7 +1074,7 @@ function edit_genesis() {
 
     # Marketmap: OP-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.OP/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.OP/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.OP/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.OP/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.OP/USD.ticker.currency_pair.Base' -v 'OP'
@@ -1121,7 +1093,7 @@ function edit_genesis() {
 
     # Marketmap: PEPE-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.PEPE/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.PEPE/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.PEPE/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.PEPE/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.PEPE/USD.ticker.currency_pair.Base' -v 'PEPE'
@@ -1140,7 +1112,7 @@ function edit_genesis() {
 
     # Marketmap: SEI-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SEI/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SEI/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SEI/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SEI/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.SEI/USD.ticker.currency_pair.Base' -v 'SEI'
@@ -1159,7 +1131,7 @@ function edit_genesis() {
 
     # Marketmap: SHIB-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SHIB/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SHIB/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SHIB/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SHIB/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.SHIB/USD.ticker.currency_pair.Base' -v 'SHIB'
@@ -1179,7 +1151,7 @@ function edit_genesis() {
 
     # Marketmap: SUI-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SUI/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SUI/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SUI/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.SUI/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.SUI/USD.ticker.currency_pair.Base' -v 'SUI'
@@ -1199,7 +1171,7 @@ function edit_genesis() {
 
     # Marketmap: XRP-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XRP/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XRP/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XRP/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.XRP/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.XRP/USD.ticker.currency_pair.Base' -v 'XRP'
@@ -1221,7 +1193,7 @@ function edit_genesis() {
 
     # Marketmap: TEST-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TEST/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TEST/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TEST/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.TEST/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.TEST/USD.ticker.currency_pair.Base' -v 'TEST'
@@ -1236,7 +1208,7 @@ function edit_genesis() {
 
     # Marketmap: USDT-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.USDT/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.USDT/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.USDT/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.USDT/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.USDT/USD.ticker.currency_pair.Base' -v 'USDT'
@@ -1257,7 +1229,7 @@ function edit_genesis() {
 
     # Marketmap: DYDX-USD
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DYDX/USD' -v "{}"
-    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DYDX/USD.ticker' -v "{}" 
+    dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DYDX/USD.ticker' -v "{}"
 
     dasel put -t json -f "$GENESIS" '.app_state.marketmap.market_map.markets.DYDX/USD.ticker.currency_pair' -v "{}"
     dasel put -t string -f "$GENESIS" '.app_state.marketmap.market_map.markets.DYDX/USD.ticker.currency_pair.Base' -v 'DYDX'
@@ -1826,10 +1798,6 @@ function edit_genesis() {
 		total_accounts_quote_balance=$(($total_accounts_quote_balance + $DEFAULT_SUBACCOUNT_QUOTE_BALANCE_VAULT))
 		acct_idx=$(($acct_idx + 1))
 	done
-	# Update subaccounts module for megavault main vault account.
-	add_subaccount "$GENESIS" "$acct_idx" "$MEGAVAULT_MAIN_VAULT_ACCOUNT_ADDR" "$DEFAULT_MEGAVAULT_MAIN_VAULT_QUOTE_BALANCE"
-	total_accounts_quote_balance=$(($total_accounts_quote_balance + $DEFAULT_MEGAVAULT_MAIN_VAULT_QUOTE_BALANCE))
-	acct_idx=$(($acct_idx + 1))
 
 	next_bank_idx=0
 	if (( total_accounts_quote_balance > 0 )); then
@@ -2259,28 +2227,24 @@ function edit_genesis() {
 	update_ica_controller_params
 
 	# Vaults
-	# Set default quoting params.
+	# Set vault params.
 	dasel put -t int -f "$GENESIS" ".app_state.vault.default_quoting_params.spread_min_ppm" -v '3000'
-	# Set operator params.
-	dasel put -t string -f "$GENESIS" ".app_state.vault.operator_params.operator" -v 'dydx10d07y265gmmuvt4z0w9aw880jnsr700jnmapky'
-	# Set total shares and owner shares.
+	# Set total shares and owner shares of each vault.
+	vault_idx=0
 	if [ -z "${INPUT_TEST_ACCOUNTS[0]}" ]; then
 		vault_owner_address='dydx199tqg4wdlnu4qjlxchpd7seg454937hjrknju4' # alice as default vault owner
 	else
 		vault_owner_address="${INPUT_TEST_ACCOUNTS[0]}"
 	fi
-	total_deposit=$((DEFAULT_SUBACCOUNT_QUOTE_BALANCE_VAULT * ${#INPUT_VAULT_NUMBERS[@]})) 
-	dasel put -t string -f "$GENESIS" ".app_state.vault.total_shares.num_shares" -v "${total_deposit}"
-	dasel put -t json -f "$GENESIS" ".app_state.vault.owner_shares.[]" -v '{}'
-	dasel put -t string -f "$GENESIS" ".app_state.vault.owner_shares.[0].owner" -v "${vault_owner_address}"
-	dasel put -t string -f "$GENESIS" ".app_state.vault.owner_shares.[0].shares.num_shares" -v "${total_deposit}"
-	# Set vaults.
-	vault_idx=0
 	for number in "${INPUT_VAULT_NUMBERS[@]}"; do
 		dasel put -t json -f "$GENESIS" '.app_state.vault.vaults.[]' -v '{}'
 		dasel put -t string -f "$GENESIS" ".app_state.vault.vaults.[${vault_idx}].vault_id.type" -v 'VAULT_TYPE_CLOB'
 		dasel put -t int -f "$GENESIS" ".app_state.vault.vaults.[${vault_idx}].vault_id.number" -v "${number}"
-		dasel put -t string -f "$GENESIS" ".app_state.vault.vaults.[${vault_idx}].vault_params.status" -v 'VAULT_STATUS_QUOTING'
+		dasel put -t string -f "$GENESIS" ".app_state.vault.vaults.[${vault_idx}].total_shares.num_shares" -v "${DEFAULT_SUBACCOUNT_QUOTE_BALANCE_VAULT}"
+
+		dasel put -t json -f "$GENESIS" ".app_state.vault.vaults.[${vault_idx}].owner_shares.[]" -v '{}'
+		dasel put -t string -f "$GENESIS" ".app_state.vault.vaults.[${vault_idx}].owner_shares.[0].owner" -v "${vault_owner_address}"
+		dasel put -t string -f "$GENESIS" ".app_state.vault.vaults.[${vault_idx}].owner_shares.[0].shares.num_shares" -v "${DEFAULT_SUBACCOUNT_QUOTE_BALANCE_VAULT}"
 		vault_idx=$(($vault_idx + 1))
 	done
 }
@@ -2387,6 +2351,7 @@ function update_genesis_use_test_volatile_market() {
 	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().name' -v 'test-usd-100x-liq-tier-linear'
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().initial_margin_ppm' -v '10007' # 1% + a little prime (100x leverage)
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().maintenance_fraction_ppm' -v '500009' # 50% of IM + a little prime
+	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().base_position_notional' -v '1000000000039' # 1_000_000 USDC + a little prime
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().impact_notional' -v '50000000000' # 50_000 USDC (500 USDC / 1%)
 
 	# Liquidity Tier: For TEST-USD. 1% leverage and 100 nonlinear margin thresholds.
@@ -2396,6 +2361,7 @@ function update_genesis_use_test_volatile_market() {
 	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().name' -v 'test-usd-100x-liq-tier-nonlinear'
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().initial_margin_ppm' -v '10007' # 1% + a little prime (100x leverage)
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().maintenance_fraction_ppm' -v '500009' # 50% of IM + a little prime
+	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().base_position_notional' -v '100000007' # 100 USDC + a little prime
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.last().impact_notional' -v '50000000000' # 50_000 USDC (500 USDC / 1%)
 
 	# Perpetual: TEST-USD
@@ -2499,4 +2465,4 @@ set_denom_metadata() {
 	dasel put -t string -f "$GENESIS" ".app_state.bank.denom_metadata.[0].name" -v "$COIN_NAME"
 	dasel put -t string -f "$GENESIS" ".app_state.bank.denom_metadata.[0].display" -v "$WHOLE_COIN_DENOM"
 	dasel put -t string -f "$GENESIS" ".app_state.bank.denom_metadata.[0].symbol" -v "$WHOLE_COIN_DENOM"
-}
+}
\ No newline at end of file
diff --git a/protocol/testing/snapshotting/snapshot.sh b/protocol/testing/snapshotting/snapshot.sh
index 215891decc..15509c82b8 100755
--- a/protocol/testing/snapshotting/snapshot.sh
+++ b/protocol/testing/snapshotting/snapshot.sh
@@ -51,6 +51,8 @@ now_date() {
     echo -n $(TZ="UTC" date '+%Y-%m-%d_%H:%M:%S')
 }
 
+PREUPGRADE_BINARY_PATH="/bin/dydxprotocold_preupgrade"
+
 install_prerequisites() {
     apk add dasel jq curl
     apk add --no-cache \
@@ -62,12 +64,23 @@ install_prerequisites() {
     && rm -rf /var/cache/apk/*
 }
 
+setup_preupgrade_binary() {
+	tar_url='https://github.com/dydxprotocol/v4-chain/releases/download/protocol%2Fv6.0.4/dydxprotocold-v6.0.4-linux-amd64.tar.gz'
+	tar_path='/tmp/dydxprotocold/dydxprotocold.tar.gz'
+	mkdir -p /tmp/dydxprotocold
+	curl -vL $tar_url -o $tar_path
+	dydxprotocold_path=$(tar -xvf $tar_path --directory /tmp/dydxprotocold)
+	mv /tmp/dydxprotocold/$dydxprotocold_path $PREUPGRADE_BINARY_PATH
+}
+
 setup_cosmovisor() {
     VAL_HOME_DIR="$HOME/chain/local_node"
     export DAEMON_NAME=dydxprotocold
     export DAEMON_HOME="$HOME/chain/local_node"
 
-    cosmovisor init /bin/dydxprotocold
+    cosmovisor init $PREUPGRADE_BINARY_PATH
+    mkdir -p "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/"
+    ln -s /bin/dydxprotocold "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/dydxprotocold"
 }
 
 install_prerequisites
@@ -96,7 +109,7 @@ sed -i 's/min-retain-blocks = 0/min-retain-blocks = 2/' /dydxprotocol/chain/loca
 # Do not index tx_index.db
 sed -i 's/indexer = "kv"/indexer = "null"/' /dydxprotocol/chain/local_node/config/config.toml
 
-setup_cosmovisor
+setup_preupgrade_binary
 
 # TODO: add metrics around snapshot upload latency/frequency/success rate
 while true; do
diff --git a/protocol/testing/testnet-dev/dev.sh b/protocol/testing/testnet-dev/dev.sh
index 809c543346..bc3c4d4638 100755
--- a/protocol/testing/testnet-dev/dev.sh
+++ b/protocol/testing/testnet-dev/dev.sh
@@ -97,10 +97,12 @@ VAULT_NUMBERS=(
 	4 # CRV clob pair ID
 )
 
+PREUPGRADE_BINARY_PATH="/bin/dydxprotocold_preupgrade"
+
 # Define dependencies for this script.
 # `jq` and `dasel` are used to manipulate json and yaml files respectively.
 install_prerequisites() {
-	apk add dasel jq
+	apk add curl dasel jq
 }
 
 # Create all validators for the chain including a full-node.
@@ -110,7 +112,8 @@ create_validators() {
 	for i in "${!FULL_NODE_KEYS[@]}"; do
 		FULL_NODE_HOME_DIR="$HOME/chain/.full-node-$i"
 		FULL_NODE_CONFIG_DIR="$FULL_NODE_HOME_DIR/config"
-		dydxprotocold init "full-node" -o --chain-id=$CHAIN_ID --home "$FULL_NODE_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH init "full-node" -o --chain-id=$CHAIN_ID --home "$FULL_NODE_HOME_DIR"
+
 
 		# Note: `dydxprotocold init` non-deterministically creates `node_id.json` for each validator.
 		# This is inconvenient for persistent peering during testing in Terraform configuration as the `node_id`
@@ -132,7 +135,8 @@ create_validators() {
 		VAL_CONFIG_DIR="$VAL_HOME_DIR/config"
 
 		# Initialize the chain and validator files.
-		dydxprotocold init "${MONIKERS[$i]}" -o --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH init "${MONIKERS[$i]}" -o --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+
 
 		# Overwrite the randomly generated `priv_validator_key.json` with a key generated deterministically from the mnemonic.
 		dydxprotocold tendermint gen-priv-key --home "$VAL_HOME_DIR" --mnemonic "${MNEMONICS[$i]}"
@@ -163,7 +167,7 @@ create_validators() {
 			dydxprotocold add-genesis-account "$acct" 900000000000000000$USDC_DENOM,$TESTNET_VALIDATOR_NATIVE_TOKEN_BALANCE$NATIVE_TOKEN --home "$VAL_HOME_DIR"
 		done
 
-		dydxprotocold gentx "${MONIKERS[$i]}" $TESTNET_VALIDATOR_SELF_DELEGATE_AMOUNT$NATIVE_TOKEN --moniker="${MONIKERS[$i]}" --keyring-backend=test --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH gentx "${MONIKERS[$i]}" $TESTNET_VALIDATOR_SELF_DELEGATE_AMOUNT$NATIVE_TOKEN --moniker="${MONIKERS[$i]}" --keyring-backend=test --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
 
 		# Copy the gentx to a shared directory.
 		cp -a "$VAL_CONFIG_DIR/gentx/." /tmp/gentx
@@ -202,13 +206,24 @@ create_validators() {
 	done
 }
 
+setup_preupgrade_binary() {
+	tar_url='https://github.com/dydxprotocol/v4-chain/releases/download/protocol%2Fv6.0.4/dydxprotocold-v6.0.4-linux-amd64.tar.gz'
+	tar_path='/tmp/dydxprotocold/dydxprotocold.tar.gz'
+	mkdir -p /tmp/dydxprotocold
+	curl -vL $tar_url -o $tar_path
+	dydxprotocold_path=$(tar -xvf $tar_path --directory /tmp/dydxprotocold)
+	mv /tmp/dydxprotocold/$dydxprotocold_path $PREUPGRADE_BINARY_PATH
+}
+
 setup_cosmovisor() {
 	for i in "${!FULL_NODE_KEYS[@]}"; do
 		FULL_NODE_HOME_DIR="$HOME/chain/.full-node-$i"
 		export DAEMON_NAME=dydxprotocold
 		export DAEMON_HOME="$HOME/chain/.full-node-$i"
 
-		cosmovisor init /bin/dydxprotocold
+		cosmovisor init $PREUPGRADE_BINARY_PATH
+		mkdir -p "$FULL_NODE_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/"
+		ln -s /bin/dydxprotocold "$FULL_NODE_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/dydxprotocold"
 	done
 
 	for i in "${!MONIKERS[@]}"; do
@@ -216,7 +231,9 @@ setup_cosmovisor() {
 		export DAEMON_NAME=dydxprotocold
 		export DAEMON_HOME="$HOME/chain/.${MONIKERS[$i]}"
 
-		cosmovisor init /bin/dydxprotocold
+		cosmovisor init $PREUPGRADE_BINARY_PATH
+		mkdir -p "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/"
+		ln -s /bin/dydxprotocold "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/dydxprotocold"
 	done
 }
 
@@ -235,5 +252,6 @@ edit_config() {
 }
 
 install_prerequisites
+setup_preupgrade_binary
 create_validators
 setup_cosmovisor
diff --git a/protocol/testing/testnet-local/local.sh b/protocol/testing/testnet-local/local.sh
index a90bc06c0d..ca58b130a7 100755
--- a/protocol/testing/testnet-local/local.sh
+++ b/protocol/testing/testnet-local/local.sh
@@ -75,10 +75,12 @@ VAULT_NUMBERS=(
 	1 # ETH clob pair ID
 )
 
+PREUPGRADE_BINARY_PATH="/bin/dydxprotocold_preupgrade"
+
 # Define dependencies for this script.
 # `jq` and `dasel` are used to manipulate json and yaml files respectively.
 install_prerequisites() {
-	apk add dasel jq
+	apk add curl dasel jq
 }
 
 # Create all validators for the chain including a full-node.
@@ -93,7 +95,8 @@ create_validators() {
 		VAL_CONFIG_DIR="$VAL_HOME_DIR/config"
 
 		# Initialize the chain and validator files.
-		dydxprotocold init "${MONIKERS[$i]}" -o --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH init "${MONIKERS[$i]}" -o --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+
 
 		# Overwrite the randomly generated `priv_validator_key.json` with a key generated deterministically from the mnemonic.
 		dydxprotocold tendermint gen-priv-key --home "$VAL_HOME_DIR" --mnemonic "${MNEMONICS[$i]}"
@@ -126,7 +129,7 @@ create_validators() {
 			dydxprotocold add-genesis-account "$acct" 900000000000000000$USDC_DENOM,$TESTNET_VALIDATOR_NATIVE_TOKEN_BALANCE$NATIVE_TOKEN --home "$VAL_HOME_DIR"
 		done
 
-		dydxprotocold gentx "${MONIKERS[$i]}" $TESTNET_VALIDATOR_SELF_DELEGATE_AMOUNT$NATIVE_TOKEN --moniker="${MONIKERS[$i]}" --keyring-backend=test --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH gentx "${MONIKERS[$i]}" $TESTNET_VALIDATOR_SELF_DELEGATE_AMOUNT$NATIVE_TOKEN --moniker="${MONIKERS[$i]}" --keyring-backend=test --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
 
 		# Copy the gentx to a shared directory.
 		cp -a "$VAL_CONFIG_DIR/gentx/." /tmp/gentx
@@ -157,13 +160,24 @@ create_validators() {
 	done
 }
 
+setup_preupgrade_binary() {
+	tar_url='https://github.com/dydxprotocol/v4-chain/releases/download/protocol%2Fv6.0.4/dydxprotocold-v6.0.4-linux-amd64.tar.gz'
+	tar_path='/tmp/dydxprotocold/dydxprotocold.tar.gz'
+	mkdir -p /tmp/dydxprotocold
+	curl -vL $tar_url -o $tar_path
+	dydxprotocold_path=$(tar -xvf $tar_path --directory /tmp/dydxprotocold)
+	mv /tmp/dydxprotocold/$dydxprotocold_path $PREUPGRADE_BINARY_PATH
+}
+
 setup_cosmovisor() {
 	for i in "${!MONIKERS[@]}"; do
 		VAL_HOME_DIR="$HOME/chain/.${MONIKERS[$i]}"
 		export DAEMON_NAME=dydxprotocold
 		export DAEMON_HOME="$HOME/chain/.${MONIKERS[$i]}"
 
-		cosmovisor init /bin/dydxprotocold
+		cosmovisor init $PREUPGRADE_BINARY_PATH
+		mkdir -p "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/"
+		ln -s /bin/dydxprotocold "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/dydxprotocold"
 	done
 }
 
@@ -183,7 +197,7 @@ edit_config() {
 	# Disable pex
 	dasel put -t bool -f "$CONFIG_FOLDER"/config.toml '.p2p.pex' -v 'false'
 
-	# Default `timeout_commit` is 999ms. For local testnet, use a larger value to make 
+	# Default `timeout_commit` is 999ms. For local testnet, use a larger value to make
 	# block time longer for easier troubleshooting.
 	dasel put -t string -f "$CONFIG_FOLDER"/config.toml '.consensus.timeout_commit' -v '5s'
 
@@ -193,5 +207,6 @@ edit_config() {
 }
 
 install_prerequisites
+setup_preupgrade_binary
 create_validators
 setup_cosmovisor
diff --git a/protocol/testing/testnet-staging/staging.sh b/protocol/testing/testnet-staging/staging.sh
index ebd2871f97..c8c602f6e8 100755
--- a/protocol/testing/testnet-staging/staging.sh
+++ b/protocol/testing/testnet-staging/staging.sh
@@ -151,10 +151,12 @@ VAULT_NUMBERS=(
 	4 # CRV clob pair ID
 )
 
+PREUPGRADE_BINARY_PATH="/bin/dydxprotocold_preupgrade"
+
 # Define dependencies for this script.
 # `jq` and `dasel` are used to manipulate json and yaml files respectively.
 install_prerequisites() {
-	apk add dasel jq
+	apk add curl dasel jq
 }
 
 # Create all validators for the chain including a full-node.
@@ -164,7 +166,8 @@ create_validators() {
 	for i in "${!FULL_NODE_KEYS[@]}"; do
 		FULL_NODE_HOME_DIR="$HOME/chain/.full-node-$i"
 		FULL_NODE_CONFIG_DIR="$FULL_NODE_HOME_DIR/config"
-		dydxprotocold init "full-node" -o --chain-id=$CHAIN_ID --home "$FULL_NODE_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH init "full-node" -o --chain-id=$CHAIN_ID --home "$FULL_NODE_HOME_DIR"
+
 
 		# Note: `dydxprotocold init` non-deterministically creates `node_id.json` for each validator.
 		# This is inconvenient for persistent peering during testing in Terraform configuration as the `node_id`
@@ -186,7 +189,8 @@ create_validators() {
 		VAL_CONFIG_DIR="$VAL_HOME_DIR/config"
 
 		# Initialize the chain and validator files.
-		dydxprotocold init "${MONIKERS[$i]}" -o --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH init "${MONIKERS[$i]}" -o --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+
 
 		# Overwrite the randomly generated `priv_validator_key.json` with a key generated deterministically from the mnemonic.
 		dydxprotocold tendermint gen-priv-key --home "$VAL_HOME_DIR" --mnemonic "${MNEMONICS[$i]}"
@@ -217,7 +221,7 @@ create_validators() {
 			dydxprotocold add-genesis-account "$acct" 900000000000000000$USDC_DENOM,$TESTNET_VALIDATOR_NATIVE_TOKEN_BALANCE$NATIVE_TOKEN --home "$VAL_HOME_DIR"
 		done
 
-		dydxprotocold gentx "${MONIKERS[$i]}" $TESTNET_VALIDATOR_SELF_DELEGATE_AMOUNT$NATIVE_TOKEN --moniker="${MONIKERS[$i]}" --keyring-backend=test --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
+		$PREUPGRADE_BINARY_PATH gentx "${MONIKERS[$i]}" $TESTNET_VALIDATOR_SELF_DELEGATE_AMOUNT$NATIVE_TOKEN --moniker="${MONIKERS[$i]}" --keyring-backend=test --chain-id=$CHAIN_ID --home "$VAL_HOME_DIR"
 
 		# Copy the gentx to a shared directory.
 		cp -a "$VAL_CONFIG_DIR/gentx/." /tmp/gentx
@@ -256,13 +260,24 @@ create_validators() {
 	done
 }
 
+setup_preupgrade_binary() {
+	tar_url='https://github.com/dydxprotocol/v4-chain/releases/download/protocol%2Fv6.0.4/dydxprotocold-v6.0.4-linux-amd64.tar.gz'
+	tar_path='/tmp/dydxprotocold/dydxprotocold.tar.gz'
+	mkdir -p /tmp/dydxprotocold
+	curl -vL $tar_url -o $tar_path
+	dydxprotocold_path=$(tar -xvf $tar_path --directory /tmp/dydxprotocold)
+	mv /tmp/dydxprotocold/$dydxprotocold_path /bin/dydxprotocold_preupgrade
+}
+
 setup_cosmovisor() {
 	for i in "${!FULL_NODE_KEYS[@]}"; do
 		FULL_NODE_HOME_DIR="$HOME/chain/.full-node-$i"
 		export DAEMON_NAME=dydxprotocold
 		export DAEMON_HOME="$HOME/chain/.full-node-$i"
 
-		cosmovisor init /bin/dydxprotocold
+		cosmovisor init $PREUPGRADE_BINARY_PATH
+		mkdir -p "$FULL_NODE_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/"
+		ln -s /bin/dydxprotocold "$FULL_NODE_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/dydxprotocold"
 	done
 
 	for i in "${!MONIKERS[@]}"; do
@@ -270,7 +285,9 @@ setup_cosmovisor() {
 		export DAEMON_NAME=dydxprotocold
 		export DAEMON_HOME="$HOME/chain/.${MONIKERS[$i]}"
 
-		cosmovisor init /bin/dydxprotocold
+		cosmovisor init $PREUPGRADE_BINARY_PATH
+		mkdir -p "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/"
+		ln -s /bin/dydxprotocold "$VAL_HOME_DIR/cosmovisor/upgrades/v7.0.0/bin/dydxprotocold"
 	done
 }
 
@@ -289,5 +306,6 @@ edit_config() {
 }
 
 install_prerequisites
+setup_preupgrade_binary
 create_validators
 setup_cosmovisor