diff --git a/Makefile b/Makefile
index a72ef9e872..6f519826b8 100644
--- a/Makefile
+++ b/Makefile
@@ -13,7 +13,7 @@ IGNORE_CHECK_GO=false
 install_rocksdb_version:=$(ROCKSDB_VERSION)
 
 
-Version=v1.7.0
+Version=v1.7.1.1
 CosmosSDK=v0.39.2
 Tendermint=v0.33.9
 Iavl=v0.14.3
diff --git a/go.mod b/go.mod
index 91c15090e0..6c340d9bc0 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.17
 require (
 	github.com/99designs/keyring v1.1.6
 	github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d
-	github.com/CosmWasm/wasmvm v1.0.0
+	github.com/CosmWasm/wasmvm v1.0.1
 	github.com/VictoriaMetrics/fastcache v1.8.0
 	github.com/Workiva/go-datastructures v1.0.53
 	github.com/alicebob/miniredis/v2 v2.17.0
diff --git a/go.sum b/go.sum
index 22f05a63b5..c727051a2b 100644
--- a/go.sum
+++ b/go.sum
@@ -80,8 +80,8 @@ github.com/BurntSushi/toml v0.3.1/go.mod h1:xHWCNGjB5oqiDr8zfno3MHue2Ht5sIBksp03
 github.com/BurntSushi/xgb v0.0.0-20160522181843-27f122750802/go.mod h1:IVnqGOEym/WlBOVXweHU+Q+/VP0lqqI8lqeDx9IjBqo=
 github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d h1:nalkkPQcITbvhmL4+C4cKA87NW0tfm3Kl9VXRoPywFg=
 github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d/go.mod h1:URdX5+vg25ts3aCh8H5IFZybJYKWhJHYMTnf+ULtoC4=
-github.com/CosmWasm/wasmvm v1.0.0 h1:NRmnHe3xXsKn2uEcB1F5Ha323JVAhON+BI6L177dlKc=
-github.com/CosmWasm/wasmvm v1.0.0/go.mod h1:ei0xpvomwSdONsxDuONzV7bL1jSET1M8brEx0FCXc+A=
+github.com/CosmWasm/wasmvm v1.0.1 h1:ZgkPm/nMiahE2CNjQRsOJTjF3eNkjeDVVWt3Pf7B0Gc=
+github.com/CosmWasm/wasmvm v1.0.1/go.mod h1:ei0xpvomwSdONsxDuONzV7bL1jSET1M8brEx0FCXc+A=
 github.com/DATA-DOG/go-sqlmock v1.3.3/go.mod h1:f/Ixk793poVmq4qj/V1dPUg2JEAKC73Q5eFN3EC/SaM=
 github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3tL4fMGNddJ+vMq1mwgfaqoQ=
 github.com/DataDog/zstd v1.3.6-0.20190409195224-796139022798/go.mod h1:1jcaCB/ufaK+sKp1NBhlGmpz41jOoPQ35bpF36t7BBo=