diff --git a/CHANGELOG.md b/CHANGELOG.md
index e94d1c65991..f72b22bd595 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -37,6 +37,10 @@ Ref: https://keepachangelog.com/en/1.0.0/
 ## [Unreleased]
 
 
+## [5.0.7] - 2021-09-30
+
+  * (gaia) Bump Cosmos SDK to 0.42.10
+
 ## [5.0.6] - 2021-09-16
 
  * (gaia) Bump tendermint to 0.34.13
@@ -365,7 +369,8 @@ See the [Tendermint v0.34.7 SDK changelog](https://github.com/tendermint/tenderm
 
 <!-- Release links -->
 
-[Unreleased]: https://github.com/cosmos/gaia/compare/v5.0.6...HEAD
+[Unreleased]: https://github.com/cosmos/gaia/compare/v5.0.7...HEAD
+[v5.0.7]: https://github.com/cosmos/gaia/releases/tag/v5.0.7
 [v5.0.6]: https://github.com/cosmos/gaia/releases/tag/v5.0.6
 [v5.0.5]: https://github.com/cosmos/gaia/releases/tag/v5.0.5
 [v5.0.4]: https://github.com/cosmos/gaia/releases/tag/v5.0.4
diff --git a/go.mod b/go.mod
index 0d1f52b7139..458ec85c808 100644
--- a/go.mod
+++ b/go.mod
@@ -3,7 +3,7 @@ module github.com/cosmos/gaia/v5
 go 1.16
 
 require (
-	github.com/cosmos/cosmos-sdk v0.42.9
+	github.com/cosmos/cosmos-sdk v0.42.10
 	github.com/gorilla/mux v1.8.0
 	github.com/gravity-devs/liquidity v1.2.9
 	github.com/pkg/errors v0.9.1
diff --git a/go.sum b/go.sum
index c74394aac9a..1c206daf54d 100644
--- a/go.sum
+++ b/go.sum
@@ -143,14 +143,15 @@ github.com/coreos/go-systemd/v22 v22.3.2/go.mod h1:Y58oyj3AT4RCenI/lSvhwexgC+NSV
 github.com/coreos/pkg v0.0.0-20160727233714-3ac0863d7acf/go.mod h1:E3G3o1h8I7cfcXa63jLwjI0eiQQMgzzUDFVpN/nH/eA=
 github.com/coreos/pkg v0.0.0-20180928190104-399ea9e2e55f/go.mod h1:E3G3o1h8I7cfcXa63jLwjI0eiQQMgzzUDFVpN/nH/eA=
 github.com/cosmos/cosmos-sdk v0.42.6/go.mod h1:kh37gwYQoWdgR7N/9zeqW2rJ7cnP2W4A7nqIaf6m3zg=
-github.com/cosmos/cosmos-sdk v0.42.9 h1:FvF9lkWZz22Xf9K/KEfJvj+g1nFjLpU8GGTt6xkkJPU=
-github.com/cosmos/cosmos-sdk v0.42.9/go.mod h1:SrclJP9lMXxz2fCbngxb0brsPNuZXqoQQ9VHuQ3Tpf4=
+github.com/cosmos/cosmos-sdk v0.42.10 h1:CO+V3RqeFVu6TkqDlQj1992BYK0a7p0eekQ2KsH7SZo=
+github.com/cosmos/cosmos-sdk v0.42.10/go.mod h1:uRfvOMODP3ltiDN3GMDTKCZnGxG1NSFdoOEKtizoCtc=
 github.com/cosmos/go-bip39 v0.0.0-20180819234021-555e2067c45d/go.mod h1:tSxLoYXyBmiFeKpvmq4dzayMdCjCnu8uqmCysIGBT2Y=
 github.com/cosmos/go-bip39 v1.0.0 h1:pcomnQdrdH22njcAatO0yWojsUnCO3y2tNoV1cb6hHY=
 github.com/cosmos/go-bip39 v1.0.0/go.mod h1:RNJv0H/pOIVgxw6KS7QeX2a0Uo0aKUlfhZ4xuwvCdJw=
 github.com/cosmos/iavl v0.15.3/go.mod h1:OLjQiAQ4fGD2KDZooyJG9yz+p2ao2IAYSbke8mVvSA4=
-github.com/cosmos/iavl v0.16.0 h1:ICIOB8xysirTX27GmVAaoeSpeozzgSu9d49w36xkVJA=
 github.com/cosmos/iavl v0.16.0/go.mod h1:2A8O/Jz9YwtjqXMO0CjnnbTYEEaovE8jWcwrakH3PoE=
+github.com/cosmos/iavl v0.17.1 h1:b/Cl8h1PRMvsu24+TYNlKchIu7W6tmxIBGe6E9u2Ybw=
+github.com/cosmos/iavl v0.17.1/go.mod h1:7aisPZK8yCpQdy3PMvKeO+bhq1NwDjUwjzxwwROUxFk=
 github.com/cosmos/ledger-cosmos-go v0.11.1 h1:9JIYsGnXP613pb2vPjFeMMjBI5lEDsEaF6oYorTy6J4=
 github.com/cosmos/ledger-cosmos-go v0.11.1/go.mod h1:J8//BsAGTo3OC/vDLjMRFLW6q0WAaXvHnVc7ZmE8iUY=
 github.com/cosmos/ledger-go v0.9.2 h1:Nnao/dLwaVTk1Q5U9THldpUMMXU94BOTWPddSmVB6pI=