diff --git a/Cargo.lock b/Cargo.lock
index 5dcd104503..e7e10eb46c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3973,8 +3973,8 @@ checksum = "defc4c55412d89136f966bbb339008b474350e5e6e78d2714439c386b3137a03"
 
 [[package]]
 name = "namada_account"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "linkme",
@@ -3987,8 +3987,8 @@ dependencies = [
 
 [[package]]
 name = "namada_controller"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "namada_core",
  "smooth-operator",
@@ -3997,8 +3997,8 @@ dependencies = [
 
 [[package]]
 name = "namada_core"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "bech32 0.8.1",
  "borsh 1.5.0",
@@ -4044,8 +4044,8 @@ dependencies = [
 
 [[package]]
 name = "namada_ethereum_bridge"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "ethers",
@@ -4071,8 +4071,8 @@ dependencies = [
 
 [[package]]
 name = "namada_events"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "linkme",
@@ -4087,8 +4087,8 @@ dependencies = [
 
 [[package]]
 name = "namada_gas"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "linkme",
@@ -4102,8 +4102,8 @@ dependencies = [
 
 [[package]]
 name = "namada_governance"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "itertools 0.12.1",
@@ -4125,8 +4125,8 @@ dependencies = [
 
 [[package]]
 name = "namada_ibc"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "ibc",
@@ -4153,8 +4153,8 @@ dependencies = [
 
 [[package]]
 name = "namada_macros"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "data-encoding",
  "proc-macro2",
@@ -4165,8 +4165,8 @@ dependencies = [
 
 [[package]]
 name = "namada_merkle_tree"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "eyre",
@@ -4180,8 +4180,8 @@ dependencies = [
 
 [[package]]
 name = "namada_migrations"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "lazy_static",
  "linkme",
@@ -4190,19 +4190,20 @@ dependencies = [
 
 [[package]]
 name = "namada_parameters"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "namada_core",
  "namada_macros",
  "namada_storage",
+ "smooth-operator",
  "thiserror",
 ]
 
 [[package]]
 name = "namada_proof_of_stake"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "konst",
@@ -4226,16 +4227,16 @@ dependencies = [
 
 [[package]]
 name = "namada_replay_protection"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "namada_core",
 ]
 
 [[package]]
 name = "namada_sdk"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "async-trait",
  "bimap",
@@ -4300,8 +4301,8 @@ dependencies = [
 
 [[package]]
 name = "namada_shielded_token"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "masp_primitives",
@@ -4317,8 +4318,8 @@ dependencies = [
 
 [[package]]
 name = "namada_state"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "itertools 0.12.1",
@@ -4341,8 +4342,8 @@ dependencies = [
 
 [[package]]
 name = "namada_storage"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "itertools 0.12.1",
@@ -4361,8 +4362,8 @@ dependencies = [
 
 [[package]]
 name = "namada_token"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "namada_core",
@@ -4376,8 +4377,8 @@ dependencies = [
 
 [[package]]
 name = "namada_trans_token"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "konst",
  "namada_core",
@@ -4387,8 +4388,8 @@ dependencies = [
 
 [[package]]
 name = "namada_tx"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "ark-bls12-381",
  "bitflags 2.5.0",
@@ -4415,8 +4416,8 @@ dependencies = [
 
 [[package]]
 name = "namada_vote_ext"
-version = "0.38.1"
-source = "git+https://github.com/anoma/namada?rev=eb8783d118c832923bd728144092de4e4231da72#eb8783d118c832923bd728144092de4e4231da72"
+version = "0.39.0"
+source = "git+https://github.com/anoma/namada?rev=9b41780004774495190ef4dc32c7bb6076bd11bd#9b41780004774495190ef4dc32c7bb6076bd11bd"
 dependencies = [
  "borsh 1.5.0",
  "linkme",
diff --git a/Cargo.toml b/Cargo.toml
index e57d1e9624..ec765a6e92 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -39,10 +39,10 @@ tendermint-rpc                   = { version = "0.36.0" }
 tendermint-testgen               = { version = "0.36.0" }
 
 # Namada dependencies
-namada_ibc        = { git = "https://github.com/anoma/namada", rev = "eb8783d118c832923bd728144092de4e4231da72" }
-namada_parameters = { git = "https://github.com/anoma/namada", rev = "eb8783d118c832923bd728144092de4e4231da72" }
-namada_sdk        = { git = "https://github.com/anoma/namada", rev = "eb8783d118c832923bd728144092de4e4231da72" }
-namada_token      = { git = "https://github.com/anoma/namada", rev = "eb8783d118c832923bd728144092de4e4231da72" }
+namada_ibc        = { git = "https://github.com/anoma/namada", rev = "9b41780004774495190ef4dc32c7bb6076bd11bd" }
+namada_parameters = { git = "https://github.com/anoma/namada", rev = "9b41780004774495190ef4dc32c7bb6076bd11bd" }
+namada_sdk        = { git = "https://github.com/anoma/namada", rev = "9b41780004774495190ef4dc32c7bb6076bd11bd" }
+namada_token      = { git = "https://github.com/anoma/namada", rev = "9b41780004774495190ef4dc32c7bb6076bd11bd" }
 
 # Other dependencies
 abscissa_core            = "=0.6.0"