diff --git a/CHANGELOG.md b/CHANGELOG.md
index b3d12366a4b..0350ade9e8b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -37,20 +37,19 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ## [Unreleased]
 
-## Features
+## [v0.47.2](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.47.2) - 2023-04-27
+
+### Improvements
 
 * (x/evidence) [#15908](https://github.com/cosmos/cosmos-sdk/pull/15908) Update the equivocation handler to work with ICS by removing a pubkey check that was performing a no-op for consumer chains.
 * (x/slashing) [#15908](https://github.com/cosmos/cosmos-sdk/pull/15908) Remove the validators' pubkey check in the signature handler in order to work with ICS.
-
-## Improvements
-
 * (deps) [#15957](https://github.com/cosmos/cosmos-sdk/pull/15957) Bump CometBFT to [v0.37.1](https://github.com/cometbft/cometbft/blob/v0.37.1/CHANGELOG.md#v0371).
 * (store) [#15683](https://github.com/cosmos/cosmos-sdk/pull/15683) `rootmulti.Store.CacheMultiStoreWithVersion` now can handle loading archival states that don't persist any of the module stores the current state has.
 * [#15448](https://github.com/cosmos/cosmos-sdk/pull/15448) Automatically populate the block timestamp for historical queries. In contexts where the block timestamp is needed for previous states, the timestamp will now be set. Note, when querying against a node it must be re-synced in order to be able to automatically populate the block timestamp. Otherwise, the block timestamp will be populated for heights going forward once upgraded.
 * [#14019](https://github.com/cosmos/cosmos-sdk/issues/14019) Remove the interface casting to allow other implementations of a `CommitMultiStore`.
 * (simtestutil) [#15903](https://github.com/cosmos/cosmos-sdk/pull/15903) Add `AppStateFnWithExtendedCbs` with moduleStateCb callback function to allow access moduleState.
 
-## Bug Fixes
+### Bug Fixes
 
 * (baseapp) [#15789](https://github.com/cosmos/cosmos-sdk/pull/15789) Ensure `PrepareProposal` and `ProcessProposal` respect `InitialHeight` set by CometBFT when set to a value greater than 1.
 * (types) [#15433](https://github.com/cosmos/cosmos-sdk/pull/15433) Allow disabling of account address caches (for printing bech32 account addresses).
diff --git a/RELEASE_NOTES.md b/RELEASE_NOTES.md
index ef4ec8e344b..08bccc7f6d5 100644
--- a/RELEASE_NOTES.md
+++ b/RELEASE_NOTES.md
@@ -1,17 +1,17 @@
-# Cosmos SDK v0.47.1 Release Notes
+# Cosmos SDK v0.47.2 Release Notes
 
 💬 [**Release Discussion**](https://github.com/cosmos/community)
 
 ## 📝 Changelog
 
-Check out the [changelog](https://github.com/cosmos/cosmos-sdk/blob/v0.47.1/CHANGELOG.md) for an exhaustive list of changes or [compare changes](https://github.com/cosmos/cosmos-sdk/compare/release/v0.47.0...v0.47.1) from last release.
+Check out the [changelog](https://github.com/cosmos/cosmos-sdk/blob/v0.47.2/CHANGELOG.md) for an exhaustive list of changes or [compare changes](https://github.com/cosmos/cosmos-sdk/compare/release/v0.47.1...v0.47.2) from last release.
 
 Refer to the [upgrading guide](https://github.com/cosmos/cosmos-sdk/blob/release/v0.47.x/UPGRADING.md) when migrating from `v0.46.x` to `v0.47.0`.
 
 ## 🚀 Highlights
 
-This is the first patch release for the `v0.47.x` line. Missed the v0.47.0 announcement? Read it [here](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.47.0).
+For this second patch release of the `v0.47.x` line, we focused on fixing bugs and improving the developer experience.
+Missed the v0.47.0 announcement? Read it [here](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.47.0).
 
-It includes sweet things we could not include in `v0.47.0` due to the feature freeze.
-
-Notably, it introduces a new `x/group` query for listing of all groups on a chain and a `x/gov` helper function for commands to use when the command is for submitting a governance proposal.
+Notably, [a fix](https://github.com/cosmos/cosmos-sdk/pull/15683) for loading archival states (thank you @catShaark).
+Additionally, the release fixes an issue where querying previous block heights would return an incorrect timestamp.