diff --git a/CHANGELOG.md b/CHANGELOG.md
index adaa0c8578eb..05ba054337fd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -42,6 +42,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (events) [#12850](https://github.com/cosmos/cosmos-sdk/pull/12850) Add a new `fee_payer` attribute to the `tx` event that is emitted from the `DeductFeeDecorator` AnteHandler decorator.
 * (x/params) [#12615](https://github.com/cosmos/cosmos-sdk/pull/12615) Add `GetParamSetIfExists` function to params `Subspace` to prevent panics on breaking changes.
 * (x/bank) [#12674](https://github.com/cosmos/cosmos-sdk/pull/12674) Add convenience function `CreatePrefixedAccountStoreKey()` to construct key to access account's balance for a given denom.
+* [#12877](https://github.com/cosmos/cosmos-sdk/pull/12877) Bumped cosmossdk.io/math to v1.0.0-beta.3
 
 ## [v0.46.0](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.46.0) - 2022-07-26
 
diff --git a/go.mod b/go.mod
index 61ad3f8a6d02..8a6fcded6f15 100644
--- a/go.mod
+++ b/go.mod
@@ -4,7 +4,7 @@ module github.com/cosmos/cosmos-sdk
 
 require (
 	cosmossdk.io/errors v1.0.0-beta.7
-	cosmossdk.io/math v1.0.0-beta.2
+	cosmossdk.io/math v1.0.0-beta.3
 	github.com/99designs/keyring v1.2.1
 	github.com/armon/go-metrics v0.4.0
 	github.com/bgentry/speakeasy v0.1.0
diff --git a/go.sum b/go.sum
index 804c80ed8a22..8a7afaf83a97 100644
--- a/go.sum
+++ b/go.sum
@@ -71,8 +71,8 @@ collectd.org v0.3.0/go.mod h1:A/8DzQBkF6abtvrT2j/AU/4tiBgJWYyh0y/oB/4MlWE=
 contrib.go.opencensus.io/exporter/stackdriver v0.13.4/go.mod h1:aXENhDJ1Y4lIg4EUaVTwzvYETVNZk10Pu26tevFKLUc=
 cosmossdk.io/errors v1.0.0-beta.7 h1:gypHW76pTQGVnHKo6QBkb4yFOJjC+sUGRc5Al3Odj1w=
 cosmossdk.io/errors v1.0.0-beta.7/go.mod h1:mz6FQMJRku4bY7aqS/Gwfcmr/ue91roMEKAmDUDpBfE=
-cosmossdk.io/math v1.0.0-beta.2 h1:17hSVc9ne1c31IaLDfjRojtN+y4Rd2N8H/6Fht2sBzw=
-cosmossdk.io/math v1.0.0-beta.2/go.mod h1:u/MXvf8wbUbCsAEyQSSYXXMsczAsFX48e2D6JI86T4o=
+cosmossdk.io/math v1.0.0-beta.3 h1:TbZxSopz2LqjJ7aXYfn7nJSb8vNaBklW6BLpcei1qwM=
+cosmossdk.io/math v1.0.0-beta.3/go.mod h1:3LYasri3Zna4XpbrTNdKsWmD5fHHkaNAod/mNT9XdE4=
 dmitri.shuralyov.com/gpu/mtl v0.0.0-20190408044501-666a987793e9/go.mod h1:H6x//7gZCb22OMCxBHrMx7a5I7Hp++hsVxbQ4BYO7hU=
 filippo.io/edwards25519 v1.0.0-rc.1 h1:m0VOOB23frXZvAOK44usCgLWvtsxIoMCTBGJZlpmGfU=
 filippo.io/edwards25519 v1.0.0-rc.1/go.mod h1:N1IkdkCkiLB6tki+MYJoSx2JTY9NUlxZE7eHn5EwJns=