diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 0000000..909980a
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,363 @@
+# \[Changelog\]
+
+## Unreleased
+
+### Features
+
+- (x/liquiditypool) [#729](https://github.com/Switcheo/carbon/pull/729) Swap feature to allow direct swap of tokens against liquiditypools.
+- (x/bridge) [#754](https://github.com/Switcheo/carbon/pull/654) `Bridge` module integrating General Message Passing for cross-chain communication. Integration of [Axelar](https://axelar.network/) as a bridge to Carbon.
+
+## V2.48.0 - 2024-09-04
+
+## Improvements
+
+- (x/market) [#992](https://github.com/Switcheo/carbon/pull/992) Consolidation of market validations for newly created markets and update of markets.
+
+## Bug Fixes
+
+- (x/broke) [#1001](https://github.com/Switcheo/carbon/pull/1001) Fix fee deduction for spot markets to account for net available balance after trade.
+
+## V2.47.0 - 2024-08-27
+
+## Features
+
+- (x/broker) [#580](https://github.com/Switcheo/carbon/pull/580) Deduction of fees from priority list of location for creation of closing orders without the need for the user to have available balance.
+- (x/cdp) [#793](https://github.com/Switcheo/carbon/pull/793) Refactor of CDP repayment logic and messages into one common transaction flow.
+- (x/market) [#933](https://github.com/Switcheo/carbon/pull/933) Addition of methods and validation to activate and deactivate markets, with store separation for faster iteration.
+
+## Improvements
+
+- (api/ws) [#968](https://github.com/Switcheo/carbon/pull/968) Refactor GRPCs for websocket with helper function for retrieving all records without being limited by pagination unintentionally.
+- (x/oracle) [#972](https://github.com/Switcheo/carbon/pull/972) Improve oracle handling of decimal precision when dealing with float point data.
+
+## Bug Fixes
+
+- (x/market) [#970](https://github.com/Switcheo/carbon/pull/970) Backfill of missing open interest data for spot markets and markets already settled.
+- (x/oracle) [#971](https://github.com/Switcheo/carbon/pull/971) Redeployment of oracle contracts to fix errors in updating price data to contracts.
+- (baseapp) [#978](https://github.com/Switcheo/carbon/pull/978) Set configurations required to re-enable ledger support.
+- (x/pricing) [#982](https://github.com/Switcheo/carbon/pull/982) Fixed issue where valid pricing results where being delayed by one block.
+- (x/cdp) [#990](https://github.com/Switcheo/carbon/pull/990) Added guard to prevent zero division when unlocking collateral with zero LTV.
+
+## Persistence
+
+- (services/archiver) [#852](https://github.com/Switcheo/carbon/pull/852) Archiver service to archive non-essential data and speed up querying of historical information from persistence. Run vacuum full on `transactions`, `messages` to reclaim space after archiving has caught up.
+
+## V2.46.0 - 2024-07-24
+
+## Features
+
+- (x/ccm, x/headersync) [#918](https://github.com/Switcheo/carbon/pull/918) Removal of Zion related code.
+- (x/insurance) [#938](https://github.com/Switcheo/carbon/pull/938) Insurance fund eligibility to only liquidity pools with sufficient liquidity to prevent funds from being drained.
+- (x/cdp) [#962](https://github.com/Switcheo/carbon/pull/962) Health factor query for checking of health factor against persistence data.
+- (services/oracle) [#964](https://github.com/Switcheo/carbon/pull/964) Oracle servicer optimization for faster processing and subaccount oracle delegate support.
+
+## Bug Fixes
+
+- (x/order)[#967](https://github.com/Switcheo/carbon/pull/967) Fix bug where order allocated margin was not properly unmarshalled into Coin type.
+
+## V2.45.0 - 2024-07-08
+
+## Dependencies
+
+- (baseapp) [#b5d1c51](https://github.com/Switcheo/carbon/commit/b5d1c517ac809410e4e19293c2f705ca268507b7) Removal of RocksDB as dependency for all networks.
+
+## Features
+
+- (x/market) [#837](https://github.com/Switcheo/carbon/pull/837) Add an open interest cap on futures markets.
+- (baseapp) [#925](https://github.com/Switcheo/carbon/pull/925) Blacklist feature to prevent malicious actors from sending coins out of their address.
+
+## Improvements
+
+- (x/oracle) [#865](https://github.com/Switcheo/carbon/pull/865) Refactor of oracle module EVM methods into evmcontracts module.
+- (baseapp) [#888](https://github.com/Switcheo/carbon/pull/888) Refactor naming and usage of cached context for code safety.
+- (x/evmcontract) [#945](https://github.com/Switcheo/carbon/pull/945) Refactor evm genesis to start at block height 1 and tests to start at block height 2.
+- (baseapp) [#958](https://github.com/Switcheo/carbon/pull/958) Remove legacy proposal code.
+
+## Bug Fixes
+
+- (baseapp) [#928](https://github.com/Switcheo/carbon/pull/928) Fix pagination flag usage on CLI.
+- (x/broker) [#954](https://github.com/Switcheo/carbon/pull/954) Fix quoting amount for perpetual AMM to account for position margin and not position PnL.
+- (baseapp) [#956](https://github.com/Switcheo/carbon/pull/956) Fix the parsing of admin address for admin message fee.
+- (x/oracle) [#957](https://github.com/Switcheo/carbon/pull/957) Fix oracle data parsing and validation bugs.
+
+## Persistence
+
+- (persistence) [#893](https://github.com/Switcheo/carbon/pull/893) Batching the insert and updates of orders to improve persistence processing speed.
+
+## V2.44.0 - 2024-06-26
+
+## Features
+
+- (x/oracle) [#868](https://github.com/Switcheo/carbon/pull/868) Update oracle processing to use tendermint p2p gossip to collate votes.
+- (x/pricing) [#870](https://github.com/Switcheo/carbon/pull/870) Add new validation hooks and methods for token price removal.
+- (x/liquidation) [#927](https://github.com/Switcheo/carbon/pull/927) Change liquidation order price to reflect the market mark price during liquidation.
+
+## Improvements
+
+- (baseapp) [#913](https://github.com/Switcheo/carbon/pull/913) Combine Cosmos-SDK Swagger and Carbon Swagger documentation into one Swagger UI.
+- (baseapp) [#920](https://github.com/Switcheo/carbon/pull/920) Renaming of marketName field and variables to marketId.
+- (services/oracle) [#922](https://github.com/Switcheo/carbon/pull/922) Improve error trace for oracle service adapters.
+- (perpspool) [#926](https://github.com/Switcheo/carbon/pull/926) Remove the need to specify share token symbol when creating perpetual liquidity pool.
+- (baseapp) [#928](https://github.com/Switcheo/carbon/pull/958) Remove legacy proposal code.
+
+## Bug Fixes
+
+- (baseapp) [#911](https://github.com/Switcheo/carbon/pull/911) Fix CLI bug due to misconfiguration of autoCLI signing mode.
+- (x/order) [#931](https://github.com/Switcheo/carbon/pull/931) Fix bug where MsgCancelAll was not working as intended.
+- (services/oracle) [#932](https://github.com/Switcheo/carbon/pull/923) Fix oracle adapter parsing operations bug.
+
+## Persistence
+
+- (persistence) [#919](https://github.com/Switcheo/carbon/pull/919) Change msg proto type to handle pointer string and migrate empty string to NULL value.
+- (persistence) [#935](https://github.com/Switcheo/carbon/pull/935) Clear persistence buffers in BeginBlock and AfterCommit to prevent collection of stale events.
+
+## V2.43.0 - 2024-05-20
+
+## Bug Fixes
+
+- (x/cdp) [#917](https://github.com/Switcheo/carbon/pull/917) Revert state changes from CDP module migration.
+
+## V2.42.0 - 2024-05-20
+
+## Features
+
+- (x/liquiditypool) [#864](https://github.com/Switcheo/carbon/pull/864) Remove pools with uneven weights from pool routes and add validation for creating pool routes.
+
+## Improvements
+
+- (baseapp) [#903](https://github.com/Switcheo/carbon/pull/903) Remove unused memStoreKey.
+- (baseapp) [#904](https://github.com/Switcheo/carbon/pull/904) Remove usage of WrapSDKContext from tests.
+- (baseapp) [#905](https://github.com/Switcheo/carbon/pull/905) Remove deprecated msg.GetSigners method from all messages.
+- (x/oracle) [#908](https://github.com/Switcheo/carbon/pull/908) Refactor the removal of oracle to be more explicit in EndBlock.
+
+### Bug Fixes
+
+- (x/profile) [#906](https://github.com/Switcheo/carbon/pull/906) Remove username field in QueryAllProfileRequest gRPC message.
+- (x/auth) [#907](https://github.com/Switcheo/carbon/pull/907) Fix bug where the signer in the acc_seq event was not being decoded properly.
+
+## Persistence
+
+- [#884](https://github.com/Switcheo/carbon/pull/884) Extract messages within MsgExec types, update granter and grantee details and flatten messages for storage.
+
+## V2.41.0 - 2024-05-07
+
+### Improvements
+
+- (proto) [#885](https://github.com/Switcheo/carbon/pull/885) Addition of cosmos proto.Scalar options to proto fields for readability.
+- (baseapp) [#890](https://github.com/Switcheo/carbon/pull/890) Remove deprecated codec.ProtoMarshaler to proto.Message for keeper marshal and unmarshal.
+- (baseapp) [#898](https://github.com/Switcheo/carbon/pull/898) Add grpc-url flag for CLI of all services.
+
+### Bug Fixes
+
+- (api/ws) [#892](https://github.com/Switcheo/carbon/pull/892) Fix websocket updates for DayVolume and QuoteVolume on marketstats subscription.
+- (baseapp/evm) [#899](https://github.com/Switcheo/carbon/pull/899) Fix getSigners Metamask eip712 transaction with amino signing.
+- (baseapp/evm) [#902](https://github.com/Switcheo/carbon/pull/902) Fix begin/end blocker not running for evm module.
+
+## V2.40.1 - 2024-04-29
+
+### Improvements
+
+- (baseapp) [e38661e](https://github.com/Switcheo/carbon/commit/e38661ebda54aa31429d4287e6307bd00b45491b) Add snapshot CLI commands into root command.
+
+## V2.40.0 - 2024-04-25
+
+### Bug Fixes
+
+- (x/broker) [181fb8f](https://github.com/Switcheo/carbon/commit/181fb8faf83b3994482ecd26fdf8254623ea6d7f) Fix context usage in broker module.
+
+## V2.39.1 - 2024-04-24
+
+### Bug Fixes
+
+- Fix gov proposals query due to missing legacy codec
+
+## V2.39.0 - 2024-03-27
+
+### Dependencies
+
+- [#796](https://github.com/Switcheo/carbon/pull/796) Bump Cosmos-SDK v0.50.5
+
+### Improvements
+
+- [#867](https://github.com/Switcheo/carbon/pull/867) Allow for non-JSON responses for http requests.
+
+### Bug Fixes
+
+- (x/liquiditypool) [#860](https://github.com/Switcheo/carbon/pull/860) Handle expiring markets during quoting of virtual orders.
+
+## V2.38.4 - 2024-03-06
+
+### Bug Fixes
+
+- (x/order) [f606d05] Fix MustKillMarketOrders panic when there are nil market orders to kill.
+
+## V2.38.3 - 2024-03-04
+
+### Bug Fixes
+
+- (x/liquiditypool) [#856](https://github.com/Switcheo/carbon/pull/856) Fix imprecise calculation in GetRewardShare.
+- (services/liquidator) [ad9f026] Fix liquidator service not obtaining the full set of prices for liquidation.
+- (x/liquiditypool) [#856](https://github.com/Switcheo/carbon/pull/856) Fix imprecise calculation in GetRewardShare.
+
+## V2.38.2 - 2024-02-23
+
+### Bug Fixes
+
+- (baseapp) [327df3c] Fix slow test cases in production tests.
+
+## V2.38.1 - 2024-02-23
+
+### Bug Fixes
+
+- (x/liquiditypool) [#855](https://github.com/Switcheo/carbon/pull/855) Handles negative coins in pool rewards calculation, causing a chain halt at block 54001067.
+- (api/ws) [#854](https://github.com/Switcheo/carbon/pull/854) Fix MarketLiquidityUsageMultiplier not updating for new markets.
+
+## V2.38.0 - 2024-02-16
+
+### Improvements
+
+- (baseapp) [#807](https://github.com/Switcheo/carbon/pull/807) Fix all unsafe uint to int conversions.
+- (baseapp) [#833](https://github.com/Switcheo/carbon/pull/833) Refactor all use of market name to market id for code base.
+- (x/broker) [#834](https://github.com/Switcheo/carbon/pull/834) Reduce broker endblock time by optimising ProcessDerisk.
+- (baseapp) [#840](https://github.com/Switcheo/carbon/pull/840) Make fields in UpdateParams optional.
+
+### Bug Fixes
+
+- (api/ws) [#817](https://github.com/Switcheo/carbon/pull/817) Add additional events to track edge case for open interest calculation.
+- (x/coin) [#830](https://github.com/Switcheo/carbon/pull/830) Enforce checks where 0 withdraw amount is forbidden.
+- (x/admin) [#831](https://github.com/Switcheo/carbon/pull/831) Add global flags to populate group proposal message when submitting a multi-sig message.
+- (x/broker) [#835](https://github.com/Switcheo/carbon/pull/835) Fix virtual orders being squashed against liquidation orders.
+- (x/pricing) [#838](https://github.com/Switcheo/carbon/pull/838) Fix impact price not taking into account virtual orders.
+- (x/broker) [#842](https://github.com/Switcheo/carbon/pull/842) Fix ProcessEdits from affect AMM squashing of orders and add InsertedBlockHeight field to ensure edit order is de-prioritized in matching.
+- (x/coin) [#843](https://github.com/Switcheo/carbon/pull/843) Add function that updates cibt token decimals to follow base token decimals.
+- (x/oracle) [#851] (https://github.com/Switcheo/carbon/pull/851) Add additional checks when creating/updating oracles.
+
+## V2.37.1 - 2024-01-24
+
+### Improvements
+
+- (x/broker) [9df84d28](https://github.com/Switcheo/carbon/commit/9df84d28d10d89cdc432874b2aaace325c681e4c) Reduce broker endblock time by caching GetAllPoolRoute.
+
+## V2.37.0 - 2024-01-19
+
+### Dependencies
+
+- [#732](https://github.com/Switcheo/carbon/pull/732) Bump Cosmos-SDK to v0.47.5.
+
+### Features
+
+- (x/evmcontracts) [#567](https://github.com/Switcheo/carbon/pull/567) Intergration of EVM into `Order`, `Market` and `Position` modules to enable trading via EVM.
+- (x/subaccount) [#764](https://github.com/Switcheo/carbon/pull/764) Add grpc query for subaccount cooldown time.
+- (x/broker) [#774](https://github.com/Switcheo/carbon/pull/774), [#829](https://github.com/Switcheo/carbon/pull/829) Virtualization of order books to improve block performance.
+- (x/auth) [#813](https://github.com/Switcheo/carbon/pull/813) Enable feegrant checks in antehandler decorator for signless transactions.
+- (x/baseapp) [#816](https://github.com/Switcheo/carbon/pull/816) Whitelisting of messages authorised for governance proposals.
+- (x/baseapp) [#823](https://github.com/Switcheo/carbon/pull/823) Normalization of the module governance proposal handlers to the updated Cosmos-SDK v0.47.5 flow.
+
+### Improvements
+
+- (x/perpspool) [#769](https://github.com/Switcheo/carbon/pull/769) Add quote shape validation for updates to market quote shapes.
+- (baseapp) [#778](https://github.com/Switcheo/carbon/pull/778) Upgraded `cosmos/ledger-cosmos-go` to [v0.12.4](https://github.com/cosmos/ledger-cosmos-go/releases/tag/v0.12.4), preventing later versions of ledger firmware results in error with empty message.
+- (baseapp) [#785](https://github.com/Switcheo/carbon/pull/785) Validators can run Oracle services and Carbon on separate nodes. by specifying the `--grpc-url` flag.
+- [#794](https://github.com/Switcheo/carbon/pull/794) Standardize code base to utilize naming convention "Id" instead of "ID".
+- (x/position)[#797](https://github.com/Switcheo/carbon/pull/797) Refactor update position code into simpler sections for trade, funding and set usage. Refactor transfer of coins from order margin to position margin.
+- (baseapp) [#798](https://github.com/Switcheo/carbon/pull/798) Add telemetry logs for broker module and subprocesses to monitor performance.
+- (x/broker) [#805](https://github.com/Switcheo/carbon/pull/805) Optimize order execution state machine to reduce memory usage.
+
+### Bug Fixes
+
+- (api/ws) [#770](https://github.com/Switcheo/carbon/pull/770) Fixed erroneous updates resulting in negative open interest rate.
+- (x/broker) [#771](https://github.com/Switcheo/carbon/pull/771) Orders from Perperutals AMM will always be considered maker orders.
+- (x/coin, x/broker, x/liquidation) [#773](https://github.com/Switcheo/carbon/pull/773) Re-initialisation of module addresses without modules accounts. Normalize module address getters to ensure initialization.
+- (x/adl) [#782](https://github.com/Switcheo/carbon/pull/782) Fixed deleverage engine from using the wrong PnL value for long position clawsback.
+- (docker) [#790](https://github.com/Switcheo/carbon/pull/790) Fixed peer setup for docker nodes.
+- (x/broker) [#792](https://github.com/Switcheo/carbon/pull/792) Fixed stale orderbook state during edit orders, resulting in panic when settling markets.
+- (api/ws) [#815](https://github.com/Switcheo/carbon/pull/815) Fixed order of websocket updates for recent trades.
+- (api/ws) [#821](https://github.com/Switcheo/carbon/pull/821) Fixed file path changes from Cosmos-SDK v0.47.5 for codec generation.
+- (x/liquiditypool) [#827](https://github.com/Switcheo/carbon/pull/827) Fixed liquidity pool routes from double usage the same pool for different routes.
+
+### Persistence
+
+- [#636](https://github.com/Switcheo/carbon/pull/636) Addition of foreign keys for all tables.
+- [#781](https://github.com/Switcheo/carbon/pull/781) Drop `external_transfers` table.
+
+---
+
+## V2.36.9 - 2024-01-12
+
+### Bug Fixes
+
+- (api/ws) Fixed calculation when adding new token into balances map for balances websocket service.
+
+## V2.36.8 - 2024-01-12
+
+### Bug Fixes
+
+- (api/ws) [#826](https://github.com/Switcheo/carbon/pull/826) Fixed wrong usage of mutex embedded within structs of websocket services.
+
+## V2.36.7 - 2024-01-11
+
+### Bug Fixes
+
+- (api/ws) [#821](https://github.com/Switcheo/carbon/pull/821) Fixed race conditions in destroying websocket subscriptions and global channel keys.
+- (api/ws) [#824](https://github.com/Switcheo/carbon/pull/824) Fixed concurrent map read write for base subscription.
+
+## V2.36.6 - 2024-01-11
+
+### Bug Fixes
+
+- (api/ws) [#820](https://github.com/Switcheo/carbon/pull/820) Fixed orphanded goroutines in subscriptions.
+
+## V2.36.5 - 2024-01-09
+
+### Bug Fixes
+
+- (api/ws) [#819](https://github.com/Switcheo/carbon/pull/819) Fixed channel key of candlesticks affecting market chart updates.
+
+## V2.36.4 - 2023-12-21
+
+### Persistence
+
+- [#810](https://github.com/Switcheo/carbon/pull/810) Optimize index scans for position query to database.
+
+## V2.36.3 - 2023-11-11
+
+### Bug Fixes
+
+- (api/ws) [#766](https://github.com/Switcheo/carbon/pull/766) Fix data race conditions for websocket updates.
+- (baseapp)[#802](https://github.com/Switcheo/carbon/pull/802) Initialize snapshot directory for RocksDB.
+
+## V2.36.2 - 2023-12-07
+
+### Persistence
+
+- (x/baseapp) Add debug logs for persistence monitoring.
+
+## V2.36.1 - 2023-12-04
+
+### Persistence
+
+- [#636](https://github.com/Switcheo/carbon/pull/636) Addition of foreign keys for all tables.
+
+## V2.36.0 - 2023-11-11
+
+### Features
+
+- (x/market) [#759](https://github.com/Switcheo/carbon/pull/759) Reduced funding rate minimum interval to one minute.
+
+### Improvements
+
+- (x/order) [#742](https://github.com/Switcheo/carbon/pull/742) Refactor and normalize all kill order logic from all books and incoming orders.
+- (x/liquiditypool) [#761](https://github.com/Switcheo/carbon/pull/761) Add event for changes to liquidity pool's reward curves.
+
+### Bug Fixes
+
+- (x/liquiditypool) [#763](https://github.com/Switcheo/carbon/pull/763) Fix allocated claim counter having insufficient coins to claim liquiditypool rewards causing chain panic.
+- (x/coin) [#767](https://github.com/Switcheo/carbon/pull/767) Fix coin validation when creating new coins.
+
+### State Machine Breaking
+
+- (x/params) [#760](https://github.com/Switcheo/carbon/pull/760) Migration of module parameters from x/params module (deprecated in SDK v0.47.5) to owner module's store.
+
+### Persistence
+
+- [#720](https://github.com/Switcheo/carbon/pull/720) Backfill of missing entry in `orders` table.