diff --git a/.github/images/builder.Dockerfile b/.github/images/builder.Dockerfile
index 99c6199a..2b6eea79 100644
--- a/.github/images/builder.Dockerfile
+++ b/.github/images/builder.Dockerfile
@@ -19,7 +19,7 @@ RUN set -eux; apk add --no-cache ca-certificates build-base;
 
 RUN apk add git
 
-ARG WASMVM_VERSION="v2.1.3"
+ARG WASMVM_VERSION="v2.1.4"
 ARG WASMVM_LIB="libwasmvm_muslc.x86_64.a"
 ARG WASMVM_BASE_URL="https://github.com/CosmWasm/wasmvm/releases/download/$WASMVM_VERSION"
 ARG WASMVM_URL="$WASMVM_BASE_URL/$WASMVM_LIB"
diff --git a/.github/workflows/nolus-core.yaml b/.github/workflows/nolus-core.yaml
index 60470755..17ba4390 100644
--- a/.github/workflows/nolus-core.yaml
+++ b/.github/workflows/nolus-core.yaml
@@ -17,7 +17,7 @@ env:
 
   # docker images
   CONTAINER_REGISTRY: ghcr.io
-  BUILDER_IMAGE_TAG: "1.23.0"
+  BUILDER_IMAGE_TAG: "1.23.1"
   BUILDER_IMAGE_NAME: "builder"
   BUILDER_DOCKERFILE: ".github/images/builder.Dockerfile"
   PROTOGEN_IMAGE_TAG: "0.2.0"
@@ -172,7 +172,7 @@ jobs:
     needs: [test-unit-coverage, builder-image]
     container:
       # image name needs to be hardcoded: https://github.com/orgs/community/discussions/26324
-      image: "ghcr.io/nolus-protocol/nolus-core/builder:1.23.0"
+      image: "ghcr.io/nolus-protocol/nolus-core/builder:1.23.1"
       
     steps:
       - uses: actions/checkout@v4
diff --git a/go.mod b/go.mod
index 5ec104a1..32b69cb5 100644
--- a/go.mod
+++ b/go.mod
@@ -3,8 +3,8 @@ module github.com/Nolus-Protocol/nolus-core
 go 1.23.2
 
 require (
-	github.com/CosmWasm/wasmd v0.53.0
-	github.com/CosmWasm/wasmvm/v2 v2.1.3
+	github.com/CosmWasm/wasmd v0.53.2
+	github.com/CosmWasm/wasmvm/v2 v2.1.4
 	github.com/cometbft/cometbft v0.38.15
 	github.com/cosmos/cosmos-sdk v0.50.11
 	github.com/cosmos/gogoproto v1.7.0
@@ -217,7 +217,7 @@ replace (
 	cosmossdk.io/client/v2 => cosmossdk.io/client/v2 v2.0.0-beta.1.0.20240124105859-5ad1805d0e79
 	github.com/99designs/keyring => github.com/cosmos/keyring v1.2.0
 
-	github.com/CosmWasm/wasmd => github.com/nolus-protocol/wasmd v0.53.0-nolus
+	github.com/CosmWasm/wasmd => github.com/nolus-protocol/wasmd v0.53.2-nolus
 
 	// TODO: Simapp dependency, review removing when updating to SDK with backported update https://github.com/cosmos/cosmos-sdk/issues/13423
 	github.com/btcsuite/btcd => github.com/btcsuite/btcd v0.22.2 // indirect
diff --git a/go.sum b/go.sum
index 594d62ce..c0316fc1 100644
--- a/go.sum
+++ b/go.sum
@@ -227,8 +227,8 @@ github.com/Azure/go-ansiterm v0.0.0-20230124172434-306776ec8161 h1:L/gRVlceqvL25
 github.com/Azure/go-ansiterm v0.0.0-20230124172434-306776ec8161/go.mod h1:xomTg63KZ2rFqZQzSB4Vz2SUXa1BpHTVz9L5PTmPC4E=
 github.com/BurntSushi/toml v0.3.1/go.mod h1:xHWCNGjB5oqiDr8zfno3MHue2Ht5sIBksp03qcyfWMU=
 github.com/BurntSushi/xgb v0.0.0-20160522181843-27f122750802/go.mod h1:IVnqGOEym/WlBOVXweHU+Q+/VP0lqqI8lqeDx9IjBqo=
-github.com/CosmWasm/wasmvm/v2 v2.1.3 h1:CSJTauZqkHyb9yic6JVYCjiGUgxI2MJV2QzfSu8m49c=
-github.com/CosmWasm/wasmvm/v2 v2.1.3/go.mod h1:bMhLQL4Yp9CzJi9A83aR7VO9wockOsSlZbT4ztOl6bg=
+github.com/CosmWasm/wasmvm/v2 v2.1.4 h1:7EUVQjBxXHkVjL2AqqXD7hMEe0dmoNn2li9E4PWRAnA=
+github.com/CosmWasm/wasmvm/v2 v2.1.4/go.mod h1:bMhLQL4Yp9CzJi9A83aR7VO9wockOsSlZbT4ztOl6bg=
 github.com/DataDog/datadog-go v3.2.0+incompatible h1:qSG2N4FghB1He/r2mFrWKCaL7dXCilEuNEeAn20fdD4=
 github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3tL4fMGNddJ+vMq1mwgfaqoQ=
 github.com/DataDog/zstd v1.5.5 h1:oWf5W7GtOLgp6bciQYDmhHHjdhYkALu6S/5Ni9ZgSvQ=
@@ -806,8 +806,8 @@ github.com/neutron-org/neutron/v4 v4.2.4/go.mod h1:+xZHLFEjkpHyg8xaRVQfPAdsmFmPx
 github.com/niemeyer/pretty v0.0.0-20200227124842-a10e7caefd8e/go.mod h1:zD1mROLANZcx1PVRCS0qkT7pwLkGfwJo4zjcN/Tysno=
 github.com/nolus-protocol/cosmos-sdk v0.50.11-nolus h1:Q8E52+3EvMv0mdIBYz1uSzhrYhNDW+peKzaq6V6X/LM=
 github.com/nolus-protocol/cosmos-sdk v0.50.11-nolus/go.mod h1:gt14Meok2IDCjbDtjwkbUcgVNEpUBDN/4hg9cCUtLgw=
-github.com/nolus-protocol/wasmd v0.53.0-nolus h1:RRWI+6dABBCEEowPNxlEHbHYeNHamUVXaop57PF6J2I=
-github.com/nolus-protocol/wasmd v0.53.0-nolus/go.mod h1:FJl/aWjdpGof3usAMFQpDe07Rkx77PUzp0cygFMOvtw=
+github.com/nolus-protocol/wasmd v0.53.2-nolus h1:mUPN7ZNkntGN9uv8hxrpxjYkpZvgkRxLnArULAYOtuE=
+github.com/nolus-protocol/wasmd v0.53.2-nolus/go.mod h1:gP10E56tuToU5rsZR7vZLBL5ssW2mie6KN/WrQLG7/I=
 github.com/nxadm/tail v1.4.4/go.mod h1:kenIhsEOeOJmVchQTgglprH7qJGnHDVpk1VPCcaMI8A=
 github.com/nxadm/tail v1.4.8 h1:nPr65rt6Y5JFSKQO7qToXr7pePgD6Gwiw05lkbyAQTE=
 github.com/nxadm/tail v1.4.8/go.mod h1:+ncqLTQzXmGhMZNUePPaPqPvBxHAIsmXswZKocGu+AU=
diff --git a/x/tax/keeper/params_test.go b/x/tax/keeper/params_test.go
index 93950715..995d31b7 100644
--- a/x/tax/keeper/params_test.go
+++ b/x/tax/keeper/params_test.go
@@ -45,7 +45,6 @@ func (s *KeeperTestSuite) TestParams() {
 		s.Run(tc.name, func() {
 			expected, err := s.app.TaxKeeper.GetParams(s.ctx)
 			s.Require().NoError(err)
-			// TODO expect panic if params are not set
 			err = s.app.TaxKeeper.SetParams(s.ctx, tc.input)
 			if tc.expectErr {
 				s.Require().Error(err)