diff --git a/go.mod b/go.mod
index 2ada37be67..651da14a06 100644
--- a/go.mod
+++ b/go.mod
@@ -3,7 +3,7 @@ module github.com/CosmWasm/wasmd
 go 1.18
 
 require (
-	github.com/CosmWasm/wasmvm v1.1.1
+	github.com/CosmWasm/wasmvm v1.2.1
 	github.com/cosmos/cosmos-proto v1.0.0-alpha7
 	github.com/cosmos/cosmos-sdk v0.45.8
 	github.com/cosmos/gogoproto v1.4.2
@@ -24,7 +24,7 @@ require (
 	github.com/spf13/cobra v1.5.0
 	github.com/spf13/pflag v1.0.5
 	github.com/spf13/viper v1.13.0
-	github.com/stretchr/testify v1.8.0
+	github.com/stretchr/testify v1.8.1
 	github.com/syndtr/goleveldb v1.0.1-0.20200815110645-5c35d600f0ca
 	github.com/tendermint/tendermint v0.34.21
 	github.com/tendermint/tm-db v0.6.7
diff --git a/go.sum b/go.sum
index 7d6e085333..2558303631 100644
--- a/go.sum
+++ b/go.sum
@@ -59,8 +59,8 @@ github.com/BurntSushi/toml v0.3.1/go.mod h1:xHWCNGjB5oqiDr8zfno3MHue2Ht5sIBksp03
 github.com/BurntSushi/xgb v0.0.0-20160522181843-27f122750802/go.mod h1:IVnqGOEym/WlBOVXweHU+Q+/VP0lqqI8lqeDx9IjBqo=
 github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d h1:nalkkPQcITbvhmL4+C4cKA87NW0tfm3Kl9VXRoPywFg=
 github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d/go.mod h1:URdX5+vg25ts3aCh8H5IFZybJYKWhJHYMTnf+ULtoC4=
-github.com/CosmWasm/wasmvm v1.1.1 h1:0xtdrmmsP9fibe+x42WcMkp5aQ738BICgcH3FNVLzm4=
-github.com/CosmWasm/wasmvm v1.1.1/go.mod h1:ei0xpvomwSdONsxDuONzV7bL1jSET1M8brEx0FCXc+A=
+github.com/CosmWasm/wasmvm v1.2.1 h1:si0tRsRDdUShV0k51Wn6zRKlmj3/WWP9Yr4cLmDTf+8=
+github.com/CosmWasm/wasmvm v1.2.1/go.mod h1:vW/E3h8j9xBQs9bCoijDuawKo9kCtxOaS8N8J7KFtkc=
 github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3tL4fMGNddJ+vMq1mwgfaqoQ=
 github.com/DataDog/zstd v1.4.1/go.mod h1:1jcaCB/ufaK+sKp1NBhlGmpz41jOoPQ35bpF36t7BBo=
 github.com/DataDog/zstd v1.4.5/go.mod h1:1jcaCB/ufaK+sKp1NBhlGmpz41jOoPQ35bpF36t7BBo=
@@ -737,8 +737,9 @@ github.com/streadway/amqp v0.0.0-20190827072141-edfb9018d271/go.mod h1:AZpEONHx3
 github.com/streadway/handy v0.0.0-20190108123426-d5acb3125c2a/go.mod h1:qNTQ5P5JnDBl6z3cMAg/SywNDC5ABu5ApDIw6lUbRmI=
 github.com/stretchr/objx v0.1.0/go.mod h1:HFkY916IF+rwdDfMAkV7OtwuqBVzrE8GR6GFx+wExME=
 github.com/stretchr/objx v0.1.1/go.mod h1:HFkY916IF+rwdDfMAkV7OtwuqBVzrE8GR6GFx+wExME=
-github.com/stretchr/objx v0.4.0 h1:M2gUjqZET1qApGOWNSnZ49BAIMX4F/1plDv3+l31EJ4=
 github.com/stretchr/objx v0.4.0/go.mod h1:YvHI0jy2hoMjB+UWwv71VJQ9isScKT/TqJzVSSt89Yw=
+github.com/stretchr/objx v0.5.0 h1:1zr/of2m5FGMsad5YfcqgdqdWrIhu+EBEJRhR1U7z/c=
+github.com/stretchr/objx v0.5.0/go.mod h1:Yh+to48EsGEfYuaHDzXPcE3xhTkx73EhmCGUpEOglKo=
 github.com/stretchr/testify v1.2.2/go.mod h1:a8OnRcib4nhh0OaRAV+Yts87kKdq0PP7pXfy6kDkUVs=
 github.com/stretchr/testify v1.3.0/go.mod h1:M5WIy9Dh21IEIfnGCwXGc5bZfKNJtfHm1UVUgZn+9EI=
 github.com/stretchr/testify v1.4.0/go.mod h1:j7eGeouHqKxXV5pUuKE4zz7dFj8WfuZ+81PSLYec5m4=
@@ -746,8 +747,9 @@ github.com/stretchr/testify v1.5.1/go.mod h1:5W2xD1RspED5o8YsWQXVCued0rvSQ+mT+I5
 github.com/stretchr/testify v1.6.1/go.mod h1:6Fq8oRcR53rry900zMqJjRRixrwX3KX962/h/Wwjteg=
 github.com/stretchr/testify v1.7.0/go.mod h1:6Fq8oRcR53rry900zMqJjRRixrwX3KX962/h/Wwjteg=
 github.com/stretchr/testify v1.7.1/go.mod h1:6Fq8oRcR53rry900zMqJjRRixrwX3KX962/h/Wwjteg=
-github.com/stretchr/testify v1.8.0 h1:pSgiaMZlXftHpm5L7V1+rVB+AZJydKsMxsQBIJw4PKk=
 github.com/stretchr/testify v1.8.0/go.mod h1:yNjHg4UonilssWZ8iaSj1OCr/vHnekPRkoO+kdMU+MU=
+github.com/stretchr/testify v1.8.1 h1:w7B6lhMri9wdJUVmEZPGGhZzrYTPvgJArz7wNPgYKsk=
+github.com/stretchr/testify v1.8.1/go.mod h1:w2LPCIKwWwSfY2zedu0+kehJoqGctiVI29o6fzry7u4=
 github.com/subosito/gotenv v1.4.1 h1:jyEFiXpy21Wm81FBN71l9VoMMV8H8jG+qIK3GCpY6Qs=
 github.com/subosito/gotenv v1.4.1/go.mod h1:ayKnFf/c6rvx/2iiLrJUk1e6plDbT3edrFNGqEflhK0=
 github.com/syndtr/goleveldb v1.0.1-0.20200815110645-5c35d600f0ca h1:Ld/zXl5t4+D69SiV4JoN7kkfvJdOWlPpfxrzxpLMoUk=