diff --git a/app/app.go b/app/app.go
index 428e32cb..45a3ec58 100644
--- a/app/app.go
+++ b/app/app.go
@@ -157,8 +157,7 @@ import (
 	// unnamed import of statik for swagger UI support
 	_ "github.com/cosmos/cosmos-sdk/client/docs/statik"
 
-	v3_0_2 "github.com/White-Whale-Defi-Platform/migaloo-chain/v4/app/upgrades/v3_0_2"
-	v4 "github.com/White-Whale-Defi-Platform/migaloo-chain/v4/app/upgrades/v4_1_0"
+	v4 "github.com/White-Whale-Defi-Platform/migaloo-chain/v4/app/upgrades/v4_1_1"
 )
 
 const (
@@ -1120,10 +1119,6 @@ func RegisterSwaggerAPI(rtr *mux.Router) {
 
 // Setup Upgrade Handler
 func (app *MigalooApp) setupUpgradeHandlers() {
-	app.UpgradeKeeper.SetUpgradeHandler(
-		v3_0_2.UpgradeName,
-		v3_0_2.CreateUpgradeHandler(app.mm, app.configurator),
-	)
 
 	// !! ATTENTION !!
 	// v4 upgrade handler
@@ -1138,6 +1133,7 @@ func (app *MigalooApp) setupUpgradeHandlers() {
 			app.ParamsKeeper,
 			app.ConsensusParamsKeeper,
 			app.ICAControllerKeeper,
+			app.AccountKeeper,
 		),
 	)
 
diff --git a/app/upgrades/v4_1_1/constants.go b/app/upgrades/v4_1_1/constants.go
new file mode 100644
index 00000000..334131b2
--- /dev/null
+++ b/app/upgrades/v4_1_1/constants.go
@@ -0,0 +1,7 @@
+package v4
+
+// UpgradeName defines the on-chain upgrade name for the Migaloo v4.1.2 upgrade.
+// this upgrade includes the fix for pfm
+const (
+	UpgradeName = "v4.1.1"
+)
diff --git a/app/upgrades/v4_1_1/upgrades.go b/app/upgrades/v4_1_1/upgrades.go
new file mode 100644
index 00000000..7d857d92
--- /dev/null
+++ b/app/upgrades/v4_1_1/upgrades.go
@@ -0,0 +1,51 @@
+package v4
+
+import (
+	"github.com/cosmos/cosmos-sdk/baseapp"
+	sdk "github.com/cosmos/cosmos-sdk/types"
+	"github.com/cosmos/cosmos-sdk/types/module"
+	authkeeper "github.com/cosmos/cosmos-sdk/x/auth/keeper"
+	authtypes "github.com/cosmos/cosmos-sdk/x/auth/types"
+	consensuskeeper "github.com/cosmos/cosmos-sdk/x/consensus/keeper"
+	paramskeeper "github.com/cosmos/cosmos-sdk/x/params/keeper"
+	paramstypes "github.com/cosmos/cosmos-sdk/x/params/types"
+	upgradetypes "github.com/cosmos/cosmos-sdk/x/upgrade/types"
+	icacontrollerkeeper "github.com/cosmos/ibc-go/v7/modules/apps/27-interchain-accounts/controller/keeper"
+	icacontrollertypes "github.com/cosmos/ibc-go/v7/modules/apps/27-interchain-accounts/controller/types"
+	clientkeeper "github.com/cosmos/ibc-go/v7/modules/core/02-client/keeper"
+	ibcexported "github.com/cosmos/ibc-go/v7/modules/core/exported"
+)
+
+// CreateUpgradeHandler that migrates the chain from v3.0.2 to v4.1.2
+func CreateUpgradeHandler(
+	mm *module.Manager,
+	configurator module.Configurator,
+	clientKeeper clientkeeper.Keeper,
+	paramsKeeper paramskeeper.Keeper,
+	consensusParamsKeeper consensuskeeper.Keeper,
+	icacontrollerKeeper icacontrollerkeeper.Keeper,
+	accountKeeper authkeeper.AccountKeeper,
+) upgradetypes.UpgradeHandler {
+	return func(ctx sdk.Context, _ upgradetypes.Plan, fromVM module.VersionMap) (module.VersionMap, error) {
+		// READ: https://github.com/cosmos/cosmos-sdk/blob/v0.47.4/UPGRADING.md#xconsensus
+		baseAppLegacySS := paramsKeeper.Subspace(baseapp.Paramspace).
+			WithKeyTable(paramstypes.ConsensusParamsKeyTable())
+		baseapp.MigrateParams(ctx, baseAppLegacySS, &consensusParamsKeeper)
+
+		// READ: https://github.com/cosmos/ibc-go/blob/v7.2.0/docs/migrations/v7-to-v7_1.md#chains
+		params := clientKeeper.GetParams(ctx)
+		params.AllowedClients = append(params.AllowedClients, ibcexported.Localhost)
+		clientKeeper.SetParams(ctx, params)
+
+		// READ: https://github.com/terra-money/core/issues/166
+		icacontrollerKeeper.SetParams(ctx, icacontrollertypes.DefaultParams())
+
+		// Burning module permissions
+		moduleAccI := accountKeeper.GetModuleAccount(ctx, authtypes.FeeCollectorName)
+		moduleAcc := moduleAccI.(*authtypes.ModuleAccount)
+		moduleAcc.Permissions = []string{authtypes.Burner}
+		accountKeeper.SetModuleAccount(ctx, moduleAcc)
+
+		return mm.RunMigrations(ctx, configurator, fromVM)
+	}
+}
diff --git a/app/upgrades/v4_1_2/upgrades.go b/app/upgrades/v4_1_2/forks.go
similarity index 100%
rename from app/upgrades/v4_1_2/upgrades.go
rename to app/upgrades/v4_1_2/forks.go