diff --git a/go.mod b/go.mod
index d67a64b83..c862496e3 100644
--- a/go.mod
+++ b/go.mod
@@ -16,7 +16,7 @@ require (
 	cosmossdk.io/x/feegrant v0.1.1
 	cosmossdk.io/x/tx v0.13.8
 	cosmossdk.io/x/upgrade v0.1.4
-	github.com/Masterminds/semver/v3 v3.3.1
+	github.com/Masterminds/semver/v3 v3.4.0
 	github.com/axelarnetwork/utils v0.0.0-20230706045331-b7aacc1f4a2f
 	github.com/bandprotocol/bothan/bothan-api/client/go-client v0.0.1-beta.3
 	github.com/bandprotocol/go-owasm v0.3.1
diff --git a/go.sum b/go.sum
index a14631ebc..0c382244f 100644
--- a/go.sum
+++ b/go.sum
@@ -232,8 +232,8 @@ github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3
 github.com/DataDog/zstd v1.5.5 h1:oWf5W7GtOLgp6bciQYDmhHHjdhYkALu6S/5Ni9ZgSvQ=
 github.com/DataDog/zstd v1.5.5/go.mod h1:g4AWEaM3yOg3HYfnJ3YIawPnVdXJh9QME85blwSAmyw=
 github.com/Knetic/govaluate v3.0.1-0.20171022003610-9aa49832a739+incompatible/go.mod h1:r7JcOSlj0wfOMncg0iLm8Leh48TZaKVeNIfJntJ2wa0=
-github.com/Masterminds/semver/v3 v3.3.1 h1:QtNSWtVZ3nBfk8mAOu/B6v7FMJ+NHTIgUPi7rj+4nv4=
-github.com/Masterminds/semver/v3 v3.3.1/go.mod h1:4V+yj/TJE1HU9XfppCwVMZq3I84lprf4nC11bSS5beM=
+github.com/Masterminds/semver/v3 v3.4.0 h1:Zog+i5UMtVoCU8oKka5P7i9q9HgrJeGzI9SA1Xbatp0=
+github.com/Masterminds/semver/v3 v3.4.0/go.mod h1:4V+yj/TJE1HU9XfppCwVMZq3I84lprf4nC11bSS5beM=
 github.com/Microsoft/go-winio v0.6.2 h1:F2VQgta7ecxGYO8k3ZZz3RS8fVIXVxONVUPlNERoyfY=
 github.com/Microsoft/go-winio v0.6.2/go.mod h1:yd8OoFMLzJbo9gZq8j5qaps8bJ9aShtEA8Ipt1oGCvU=
 github.com/Nvveen/Gotty v0.0.0-20120604004816-cd527374f1e5 h1:TngWCqHvy9oXAN6lEVMRuU21PR1EtLVZJmdB18Gu3Rw=