diff --git a/CHANGELOG.md b/CHANGELOG.md
index 32e31e7095b..fc6ad7883d1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -36,6 +36,11 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ## [v2.1.0](https://github.com/cosmos/ibc-go/releases/tag/v2.1.0) - 2022-03-01
 
+### Dependencies
+
+* [\#851](https://github.com/cosmos/ibc-go/pull/851) Bump SDK version to v0.45.1
+* [\#948](https://github.com/cosmos/ibc-go/pull/948) Bump ics23/go to v0.7
+
 ### Features
 
  * [\#679](https://github.com/cosmos/ibc-go/pull/679) New CLI command `query ibc-transfer denom-hash <denom trace>` to get the denom hash for a denom trace; this might be useful for debug
diff --git a/go.mod b/go.mod
index b31c5a347a6..54f4ba44366 100644
--- a/go.mod
+++ b/go.mod
@@ -5,8 +5,8 @@ module github.com/cosmos/ibc-go/v2
 replace github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alpha.regen.1
 
 require (
-	github.com/armon/go-metrics v0.3.9
-	github.com/confio/ics23/go v0.6.6
+	github.com/armon/go-metrics v0.3.10
+	github.com/confio/ics23/go v0.7.0
 	github.com/cosmos/cosmos-sdk v0.45.1
 	github.com/gogo/protobuf v1.3.3
 	github.com/golang/protobuf v1.5.2
diff --git a/go.sum b/go.sum
index c6c03840d15..b9b1ee29056 100644
--- a/go.sum
+++ b/go.sum
@@ -99,8 +99,9 @@ github.com/aristanetworks/goarista v0.0.0-20170210015632-ea17b1a17847/go.mod h1:
 github.com/armon/circbuf v0.0.0-20150827004946-bbbad097214e/go.mod h1:3U/XgcO3hCbHZ8TKRvWD2dDTCfh9M9ya+I9JpbB7O8o=
 github.com/armon/consul-api v0.0.0-20180202201655-eb2c6b5be1b6/go.mod h1:grANhF5doyWs3UAsr3K4I6qtAmlQcZDesFNEHPZAzj8=
 github.com/armon/go-metrics v0.0.0-20180917152333-f0300d1749da/go.mod h1:Q73ZrmVTwzkszR9V5SSuryQ31EELlFMUz1kKyl939pY=
-github.com/armon/go-metrics v0.3.9 h1:O2sNqxBdvq8Eq5xmzljcYzAORli6RWCvEym4cJf9m18=
 github.com/armon/go-metrics v0.3.9/go.mod h1:4O98XIr/9W0sxpJ8UaYkvjk10Iff7SnFrb4QAOwNTFc=
+github.com/armon/go-metrics v0.3.10 h1:FR+drcQStOe+32sYyJYyZ7FIdgoGGBnwLl+flodp8Uo=
+github.com/armon/go-metrics v0.3.10/go.mod h1:4O98XIr/9W0sxpJ8UaYkvjk10Iff7SnFrb4QAOwNTFc=
 github.com/armon/go-radix v0.0.0-20180808171621-7fddfc383310/go.mod h1:ufUuZ+zHj4x4TnLV4JWEpy2hxWSpsRywHrMgIH9cCH8=
 github.com/aryann/difflib v0.0.0-20170710044230-e206f873d14a/go.mod h1:DAHtR1m6lCRdSC2Tm3DSWRPvIPr6xNKyeHdqDQSQT+A=
 github.com/aws/aws-lambda-go v1.13.3/go.mod h1:4UKl9IzQMoD+QF79YdCuzCwp8VbmG4VAQwij/eHl5CU=
@@ -169,8 +170,9 @@ github.com/cockroachdb/datadriven v0.0.0-20190809214429-80d97fb3cbaa/go.mod h1:z
 github.com/codahale/hdrhistogram v0.0.0-20161010025455-3a0bb77429bd/go.mod h1:sE/e/2PUdi/liOCUjSTXgM1o87ZssimdTWN964YiIeI=
 github.com/coinbase/rosetta-sdk-go v0.7.0 h1:lmTO/JEpCvZgpbkOITL95rA80CPKb5CtMzLaqF2mCNg=
 github.com/coinbase/rosetta-sdk-go v0.7.0/go.mod h1:7nD3oBPIiHqhRprqvMgPoGxe/nyq3yftRmpsy29coWE=
-github.com/confio/ics23/go v0.6.6 h1:pkOy18YxxJ/r0XFDCnrl4Bjv6h4LkBSpLS6F38mrKL8=
 github.com/confio/ics23/go v0.6.6/go.mod h1:E45NqnlpxGnpfTWL/xauN7MRwEE28T4Dd4uraToOaKg=
+github.com/confio/ics23/go v0.7.0 h1:00d2kukk7sPoHWL4zZBZwzxnpA2pec1NPdwbSokJ5w8=
+github.com/confio/ics23/go v0.7.0/go.mod h1:E45NqnlpxGnpfTWL/xauN7MRwEE28T4Dd4uraToOaKg=
 github.com/containerd/console v1.0.2/go.mod h1:ytZPjGgY2oeTkAONYafi2kSj0aYggsf8acV1PGKCbzQ=
 github.com/containerd/continuity v0.0.0-20190827140505-75bee3e2ccb6 h1:NmTXa/uVnDyp0TY5MKi197+3HWcnYWfnHGyaFthlnGw=
 github.com/containerd/continuity v0.0.0-20190827140505-75bee3e2ccb6/go.mod h1:GL3xCUCBDV3CZiTSEKksMWbLE66hEyuu9qyDOOqM47Y=