diff --git a/go.mod b/go.mod
index b21d2f7..39ae50b 100644
--- a/go.mod
+++ b/go.mod
@@ -8,7 +8,7 @@ require (
 	cosmossdk.io/errors v1.0.1
 	cosmossdk.io/math v1.3.0
 	github.com/avast/retry-go/v4 v4.5.1
-	github.com/babylonlabs-io/babylon v0.11.0
+	github.com/babylonlabs-io/babylon v0.12.0
 	github.com/btcsuite/btcd v0.24.2
 	github.com/btcsuite/btcd/btcec/v2 v2.3.2
 	github.com/btcsuite/btcd/btcutil v1.1.5
diff --git a/go.sum b/go.sum
index 61561f5..fc4ab50 100644
--- a/go.sum
+++ b/go.sum
@@ -273,8 +273,8 @@ github.com/aws/aws-sdk-go v1.44.122/go.mod h1:y4AeaBuwd2Lk+GepC1E9v0qOiTws0MIWAX
 github.com/aws/aws-sdk-go v1.44.312 h1:llrElfzeqG/YOLFFKjg1xNpZCFJ2xraIi3PqSuP+95k=
 github.com/aws/aws-sdk-go v1.44.312/go.mod h1:aVsgQcEevwlmQ7qHE9I3h+dtQgpqhFB+i8Phjh7fkwI=
 github.com/aws/aws-sdk-go-v2 v0.18.0/go.mod h1:JWVYvqSMppoMJC0x5wdwiImzgXTI9FuZwxzkQq9wy+g=
-github.com/babylonlabs-io/babylon v0.11.0 h1:gRJEkjgy3M9bGSY7VjusA84qn6ca8hXa78ss5Z8D3Cc=
-github.com/babylonlabs-io/babylon v0.11.0/go.mod h1:ZOrTde9vs2xoqGTFw4xhupu2CMulnpywiuk0eh4kPOw=
+github.com/babylonlabs-io/babylon v0.12.0 h1:s2OTcxpk0RzrkVBnVTfnPdJVYDSqnm/33YKPQqEzNCE=
+github.com/babylonlabs-io/babylon v0.12.0/go.mod h1:ZOrTde9vs2xoqGTFw4xhupu2CMulnpywiuk0eh4kPOw=
 github.com/benbjohnson/clock v1.1.0/go.mod h1:J11/hYXuz8f4ySSvYwY0FKfm+ezbsZBKZxNJlLklBHA=
 github.com/beorn7/perks v0.0.0-20180321164747-3a771d992973/go.mod h1:Dwedo/Wpr24TaqPxmxbtue+5NUziq4I4S80YR8gNf3Q=
 github.com/beorn7/perks v1.0.0/go.mod h1:KWe93zE9D1o94FZ5RNwFwVgaQK1VOXiVxmqh+CedLV8=
diff --git a/tools/go.mod b/tools/go.mod
index aa76337..3c25ee4 100644
--- a/tools/go.mod
+++ b/tools/go.mod
@@ -4,7 +4,7 @@ go 1.21
 
 toolchain go1.21.4
 
-require github.com/babylonlabs-io/babylon v0.11.0
+require github.com/babylonlabs-io/babylon v0.12.0
 
 require (
 	cloud.google.com/go v0.112.0 // indirect
diff --git a/tools/go.sum b/tools/go.sum
index 5ea8f6c..497d896 100644
--- a/tools/go.sum
+++ b/tools/go.sum
@@ -268,8 +268,8 @@ github.com/aws/aws-sdk-go v1.44.122/go.mod h1:y4AeaBuwd2Lk+GepC1E9v0qOiTws0MIWAX
 github.com/aws/aws-sdk-go v1.44.312 h1:llrElfzeqG/YOLFFKjg1xNpZCFJ2xraIi3PqSuP+95k=
 github.com/aws/aws-sdk-go v1.44.312/go.mod h1:aVsgQcEevwlmQ7qHE9I3h+dtQgpqhFB+i8Phjh7fkwI=
 github.com/aws/aws-sdk-go-v2 v0.18.0/go.mod h1:JWVYvqSMppoMJC0x5wdwiImzgXTI9FuZwxzkQq9wy+g=
-github.com/babylonlabs-io/babylon v0.11.0 h1:gRJEkjgy3M9bGSY7VjusA84qn6ca8hXa78ss5Z8D3Cc=
-github.com/babylonlabs-io/babylon v0.11.0/go.mod h1:ZOrTde9vs2xoqGTFw4xhupu2CMulnpywiuk0eh4kPOw=
+github.com/babylonlabs-io/babylon v0.12.0 h1:s2OTcxpk0RzrkVBnVTfnPdJVYDSqnm/33YKPQqEzNCE=
+github.com/babylonlabs-io/babylon v0.12.0/go.mod h1:ZOrTde9vs2xoqGTFw4xhupu2CMulnpywiuk0eh4kPOw=
 github.com/benbjohnson/clock v1.1.0/go.mod h1:J11/hYXuz8f4ySSvYwY0FKfm+ezbsZBKZxNJlLklBHA=
 github.com/beorn7/perks v0.0.0-20180321164747-3a771d992973/go.mod h1:Dwedo/Wpr24TaqPxmxbtue+5NUziq4I4S80YR8gNf3Q=
 github.com/beorn7/perks v1.0.0/go.mod h1:KWe93zE9D1o94FZ5RNwFwVgaQK1VOXiVxmqh+CedLV8=