diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1a1dbac70..5edafc963 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -33,18 +33,27 @@ Types of changes (Stanzas):
 Ref: https://keepachangelog.com/en/1.0.0/
 -->
 
+<!-- markdown-link-check-disable -->
+
 # Changelog
 
 ## [Unreleased]
 
-## [v1.4.5](https://github.com/tendermint/liquidity/releases) - 2022.01.30
+## [v1.5.0](https://github.com/tendermint/liquidity/releases/tag/v1.5.0) - 2022.02.23
 
-* [\#471](https://github.com/tendermint/liquidity/pull/471) build: bump cosmos-sdk to v0.45.0
+### State Machine Breaking
+* [\#466](https://github.com/tendermint/liquidity/pull/466) fix: exclude circuit breaking logic for MsgWithdrawWithinBatch
+* [\#473](https://github.com/tendermint/liquidity/pull/473) (sdk) Bump SDK version to [v0.45.1](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.45.1)
 
-## [v1.4.4](https://github.com/tendermint/liquidity/releases/tag/v1.4.4) - 2022.01.26
+## [v1.4.6](https://github.com/tendermint/liquidity/releases/tag/v1.4.6) - 2022.02.23
 
-* [\#469](https://github.com/tendermint/liquidity/pull/469) build: bump cosmos-sdk to v0.44.5
-* [\#466](https://github.com/tendermint/liquidity/pull/466) fix: exclude circuit breaking logic for MsgWithdrawWithinBatch
+* [\#475](https://github.com/tendermint/liquidity/pull/475) (sdk) Bump SDK version to [v0.44.6](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.44.6)
+
+## [v1.4.5](https://github.com/tendermint/liquidity/releases/tag/v1.4.5) - 2022.01.30
+* Unusable release
+
+## [v1.4.4](https://github.com/tendermint/liquidity/releases/tag/v1.4.4) - 2022.01.26
+* Unusable release
 
 ## [v1.4.2](https://github.com/tendermint/liquidity/releases/tag/v1.4.2) - 2021.11.11
 
diff --git a/README.md b/README.md
index e89667511..f8f1fd950 100644
--- a/README.md
+++ b/README.md
@@ -36,7 +36,7 @@ For details, see the [Liquidity Module Light Paper](doc/LiquidityModuleLightPape
 Requirement | Notes
 ----------- | -----------------
 Go version  | Go1.15 or higher
-Cosmos SDK  | v0.45.0 or higher
+Cosmos SDK  | v0.45.1 or higher
 
 ### Get Liquidity Module source code
 
diff --git a/go.mod b/go.mod
index ca2c3f499..90700744b 100644
--- a/go.mod
+++ b/go.mod
@@ -3,7 +3,7 @@ go 1.15
 module github.com/tendermint/liquidity
 
 require (
-	github.com/cosmos/cosmos-sdk v0.45.0
+	github.com/cosmos/cosmos-sdk v0.45.1
 	github.com/gogo/protobuf v1.3.3
 	github.com/golang/mock v1.6.0
 	github.com/golang/protobuf v1.5.2
diff --git a/go.sum b/go.sum
index 0d18ef9af..b2e5d2ae7 100644
--- a/go.sum
+++ b/go.sum
@@ -179,8 +179,8 @@ github.com/coreos/pkg v0.0.0-20160727233714-3ac0863d7acf/go.mod h1:E3G3o1h8I7cfc
 github.com/coreos/pkg v0.0.0-20180928190104-399ea9e2e55f/go.mod h1:E3G3o1h8I7cfcXa63jLwjI0eiQQMgzzUDFVpN/nH/eA=
 github.com/cosmos/btcutil v1.0.4 h1:n7C2ngKXo7UC9gNyMNLbzqz7Asuf+7Qv4gnX/rOdQ44=
 github.com/cosmos/btcutil v1.0.4/go.mod h1:Ffqc8Hn6TJUdDgHBwIZLtrLQC1KdJ9jGJl/TvgUaxbU=
-github.com/cosmos/cosmos-sdk v0.45.0 h1:DHD+CIRZ+cYgiLXuTEUL/aprnfPsWSwaww/fIZEsZlk=
-github.com/cosmos/cosmos-sdk v0.45.0/go.mod h1:XXS/asyCqWNWkx2rW6pSuen+EVcpAFxq6khrhnZgHaQ=
+github.com/cosmos/cosmos-sdk v0.45.1 h1:PY79YxPea5qlRLExRnzg8/rT1Scc8GGgRs22p7DX99Q=
+github.com/cosmos/cosmos-sdk v0.45.1/go.mod h1:XXS/asyCqWNWkx2rW6pSuen+EVcpAFxq6khrhnZgHaQ=
 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=