diff --git a/x/axelarnet/keeper/hooks.go b/x/axelarnet/keeper/hooks.go
index c275b8d45..6d3d489db 100644
--- a/x/axelarnet/keeper/hooks.go
+++ b/x/axelarnet/keeper/hooks.go
@@ -30,7 +30,7 @@ func (h Hooks) AfterProposalDeposit(ctx sdk.Context, proposalID uint64, _ sdk.Ac
 
 	switch c := proposal.GetContent().(type) {
 	case *types.CallContractsProposal:
-		minDepositsMap := h.k.GetParams(ctx).CallContractsProposalMinDeposits.ToMap()
+		minDepositsMap := h.k.GetParams(ctx).CallContractsProposalMinDeposits.ToMap(ctx, h.nexus)
 
 		for _, contractCall := range c.ContractCalls {
 			minDeposit := minDepositsMap.Get(contractCall.Chain, contractCall.ContractAddress)
diff --git a/x/axelarnet/keeper/hooks_test.go b/x/axelarnet/keeper/hooks_test.go
index f57dff5da..be00d1bdc 100644
--- a/x/axelarnet/keeper/hooks_test.go
+++ b/x/axelarnet/keeper/hooks_test.go
@@ -49,6 +49,10 @@ func TestAfterProposalDeposit(t *testing.T) {
 	keeper := keeper.NewKeeper(encCfg.Codec, sdk.NewKVStoreKey("nexus"), subspace, &mock.ChannelKeeperMock{}, &mock.FeegrantKeeperMock{})
 	keeper.SetParams(ctx, types.DefaultParams())
 
+	nexusK.GetChainFunc = func(ctx sdk.Context, chain nexus.ChainName) (nexus.Chain, bool) {
+		return evm.Ethereum, true
+	}
+
 	Given("a proposal is created", func() {
 		govK.GetProposalFunc = func(ctx sdk.Context, proposalID uint64) (govtypes.Proposal, bool) {
 			return proposal, proposalID == proposal.ProposalId
diff --git a/x/axelarnet/types/types.go b/x/axelarnet/types/types.go
index b0b442240..eed4bc886 100644
--- a/x/axelarnet/types/types.go
+++ b/x/axelarnet/types/types.go
@@ -16,6 +16,7 @@ import (
 
 	"github.com/axelarnetwork/axelar-core/utils"
 	"github.com/axelarnetwork/axelar-core/x/axelarnet/exported"
+	evmtypes "github.com/axelarnetwork/axelar-core/x/evm/types"
 	nexus "github.com/axelarnetwork/axelar-core/x/nexus/exported"
 )
 
@@ -30,6 +31,8 @@ const (
 	DefaultRateLimitWindow = 6 * time.Hour
 )
 
+const ZERO_X_PREFIX = "0x"
+
 // NewLinkedAddress creates a new address to make a deposit which can be transferred to another blockchain
 func NewLinkedAddress(ctx sdk.Context, chain nexus.ChainName, symbol, recipientAddr string) sdk.AccAddress {
 	nonce := utils.GetNonce(ctx.HeaderHash(), ctx.BlockGasMeter())
@@ -313,7 +316,7 @@ func (minDeposits CallContractProposalMinDeposits) ValidateBasic() error {
 }
 
 // ToMap returns a map of chain name to contract address to min deposit
-func (minDeposits CallContractProposalMinDeposits) ToMap() callContractProposalMinDepositsMap {
+func (minDeposits CallContractProposalMinDeposits) ToMap(ctx sdk.Context, nexus Nexus) callContractProposalMinDepositsMap {
 	minDepositsMap := make(callContractProposalMinDepositsMap)
 
 	for _, minDeposit := range minDeposits {
@@ -325,6 +328,19 @@ func (minDeposits CallContractProposalMinDeposits) ToMap() callContractProposalM
 		}
 
 		minDepositsMap[chain][contractAddress] = minDeposit.MinDeposits
+
+		// TODO: eventually, this is confusing and bad cuz cosmos addresses will also
+		// show up here and be prefixed with 0x. Like the address validator, we should
+		// also implement chain-specific address deserializer so that we just use the
+		// actual bytes as map keys for this check instead of a string representation.
+		if chain, ok := nexus.GetChain(ctx, minDeposit.Chain); !ok || !chain.IsFrom(evmtypes.ModuleName) {
+			continue
+		}
+		if strings.HasPrefix(contractAddress, ZERO_X_PREFIX) {
+			minDepositsMap[chain][strings.TrimPrefix(contractAddress, ZERO_X_PREFIX)] = minDeposit.MinDeposits
+		} else {
+			minDepositsMap[chain][fmt.Sprintf("%s%s", ZERO_X_PREFIX, contractAddress)] = minDeposit.MinDeposits
+		}
 	}
 
 	return minDepositsMap