diff --git a/x/fswap/keeper/proposal.go b/x/fswap/keeper/proposal.go
index ee3a519b58..836f10f0f5 100644
--- a/x/fswap/keeper/proposal.go
+++ b/x/fswap/keeper/proposal.go
@@ -49,32 +49,28 @@ func (k Keeper) MakeSwap(ctx sdk.Context, swap types.Swap, toDenomMetadata bank.
 		}
 	}
 
+	eventManager := ctx.EventManager()
 	if err := k.setSwap(ctx, swap); err != nil {
 		return err
 	}
+	if err := eventManager.EmitTypedEvent(&types.EventMakeSwap{Swap: swap}); err != nil {
+		panic(err)
+	}
 
 	existingMetadata, ok := k.GetDenomMetaData(ctx, swap.ToDenom)
 	if !ok {
 		k.SetDenomMetaData(ctx, toDenomMetadata)
-		emitMakeSwapProposalEvent(ctx, swap, toDenomMetadata)
+		if err := eventManager.EmitTypedEvent(&(types.EventAddDenomMetadata{Metadata: toDenomMetadata})); err != nil {
+			panic(err)
+		}
 		return nil
 	}
 	if !denomMetadataEqual(existingMetadata, toDenomMetadata) {
 		return errors.ErrInvalidRequest.Wrap("changing existing metadata not allowed")
 	}
-
 	return nil
 }
 
-func emitMakeSwapProposalEvent(ctx sdk.Context, swap types.Swap, toDenomMetadata bank.Metadata) {
-	if err := ctx.EventManager().EmitTypedEvent(&(types.EventMakeSwapProposal{
-		Swap:            swap,
-		ToDenomMetadata: toDenomMetadata,
-	})); err != nil {
-		panic(err)
-	}
-}
-
 func denomMetadataEqual(metadata, otherMetadata bank.Metadata) bool {
 	if metadata.Description != otherMetadata.Description {
 		return false
diff --git a/x/fswap/keeper/proposal_test.go b/x/fswap/keeper/proposal_test.go
index 4372dc054e..65be82d923 100644
--- a/x/fswap/keeper/proposal_test.go
+++ b/x/fswap/keeper/proposal_test.go
@@ -1,8 +1,6 @@
 package keeper_test
 
 import (
-	"fmt"
-
 	abci "github.com/tendermint/tendermint/abci/types"
 
 	sdk "github.com/Finschia/finschia-sdk/types"
@@ -17,7 +15,7 @@ func (s *KeeperTestSuite) TestMakeSwapProposal() {
 		toDenomMeta      bank.Metadata
 		existingMetadata bool
 		expectedError    error
-		expectedEvent    sdk.Event
+		expectedEvents   sdk.Events
 	}{
 		"valid": {
 			types.Swap{
@@ -29,18 +27,25 @@ func (s *KeeperTestSuite) TestMakeSwapProposal() {
 			s.toDenomMetadata,
 			false,
 			nil,
-			sdk.Event{
-				Type: "lbm.fswap.v1.EventMakeSwapProposal",
-				Attributes: []abci.EventAttribute{
-					{
-						Key:   []byte("swap"),
-						Value: []uint8{0x7b, 0x22, 0x66, 0x72, 0x6f, 0x6d, 0x5f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x66, 0x72, 0x6f, 0x6d, 0x44, 0x22, 0x2c, 0x22, 0x74, 0x6f, 0x5f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x74, 0x6f, 0x44, 0x22, 0x2c, 0x22, 0x61, 0x6d, 0x6f, 0x75, 0x6e, 0x74, 0x5f, 0x63, 0x61, 0x70, 0x5f, 0x66, 0x6f, 0x72, 0x5f, 0x74, 0x6f, 0x5f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x31, 0x22, 0x2c, 0x22, 0x73, 0x77, 0x61, 0x70, 0x5f, 0x72, 0x61, 0x74, 0x65, 0x22, 0x3a, 0x22, 0x31, 0x2e, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x22, 0x7d},
-						Index: false,
+			sdk.Events{
+				sdk.Event{
+					Type: "lbm.fswap.v1.EventMakeSwap",
+					Attributes: []abci.EventAttribute{
+						{
+							Key:   []byte("swap"),
+							Value: []uint8{0x7b, 0x22, 0x66, 0x72, 0x6f, 0x6d, 0x5f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x66, 0x72, 0x6f, 0x6d, 0x44, 0x22, 0x2c, 0x22, 0x74, 0x6f, 0x5f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x74, 0x6f, 0x44, 0x22, 0x2c, 0x22, 0x61, 0x6d, 0x6f, 0x75, 0x6e, 0x74, 0x5f, 0x63, 0x61, 0x70, 0x5f, 0x66, 0x6f, 0x72, 0x5f, 0x74, 0x6f, 0x5f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x31, 0x22, 0x2c, 0x22, 0x73, 0x77, 0x61, 0x70, 0x5f, 0x72, 0x61, 0x74, 0x65, 0x22, 0x3a, 0x22, 0x31, 0x2e, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x30, 0x22, 0x7d},
+							Index: false,
+						},
 					},
-					{
-						Key:   []byte("to_denom_metadata"),
-						Value: []uint8{0x7b, 0x22, 0x64, 0x65, 0x73, 0x63, 0x72, 0x69, 0x70, 0x74, 0x69, 0x6f, 0x6e, 0x22, 0x3a, 0x22, 0x54, 0x68, 0x69, 0x73, 0x20, 0x69, 0x73, 0x20, 0x6d, 0x65, 0x74, 0x61, 0x64, 0x61, 0x74, 0x61, 0x20, 0x66, 0x6f, 0x72, 0x20, 0x74, 0x6f, 0x2d, 0x63, 0x6f, 0x69, 0x6e, 0x22, 0x2c, 0x22, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x5f, 0x75, 0x6e, 0x69, 0x74, 0x73, 0x22, 0x3a, 0x5b, 0x7b, 0x22, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x74, 0x6f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x2c, 0x22, 0x65, 0x78, 0x70, 0x6f, 0x6e, 0x65, 0x6e, 0x74, 0x22, 0x3a, 0x30, 0x2c, 0x22, 0x61, 0x6c, 0x69, 0x61, 0x73, 0x65, 0x73, 0x22, 0x3a, 0x5b, 0x5d, 0x7d, 0x5d, 0x2c, 0x22, 0x62, 0x61, 0x73, 0x65, 0x22, 0x3a, 0x22, 0x64, 0x75, 0x6d, 0x6d, 0x79, 0x22, 0x2c, 0x22, 0x64, 0x69, 0x73, 0x70, 0x6c, 0x61, 0x79, 0x22, 0x3a, 0x22, 0x64, 0x75, 0x6d, 0x6d, 0x79, 0x63, 0x6f, 0x69, 0x6e, 0x22, 0x2c, 0x22, 0x6e, 0x61, 0x6d, 0x65, 0x22, 0x3a, 0x22, 0x44, 0x55, 0x4d, 0x4d, 0x59, 0x22, 0x2c, 0x22, 0x73, 0x79, 0x6d, 0x62, 0x6f, 0x6c, 0x22, 0x3a, 0x22, 0x44, 0x55, 0x4d, 0x22, 0x7d},
-						Index: false,
+				},
+				sdk.Event{
+					Type: "lbm.fswap.v1.EventAddDenomMetadata",
+					Attributes: []abci.EventAttribute{
+						{
+							Key:   []byte("metadata"),
+							Value: []uint8{0x7b, 0x22, 0x64, 0x65, 0x73, 0x63, 0x72, 0x69, 0x70, 0x74, 0x69, 0x6f, 0x6e, 0x22, 0x3a, 0x22, 0x54, 0x68, 0x69, 0x73, 0x20, 0x69, 0x73, 0x20, 0x6d, 0x65, 0x74, 0x61, 0x64, 0x61, 0x74, 0x61, 0x20, 0x66, 0x6f, 0x72, 0x20, 0x74, 0x6f, 0x2d, 0x63, 0x6f, 0x69, 0x6e, 0x22, 0x2c, 0x22, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x5f, 0x75, 0x6e, 0x69, 0x74, 0x73, 0x22, 0x3a, 0x5b, 0x7b, 0x22, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x3a, 0x22, 0x74, 0x6f, 0x64, 0x65, 0x6e, 0x6f, 0x6d, 0x22, 0x2c, 0x22, 0x65, 0x78, 0x70, 0x6f, 0x6e, 0x65, 0x6e, 0x74, 0x22, 0x3a, 0x30, 0x2c, 0x22, 0x61, 0x6c, 0x69, 0x61, 0x73, 0x65, 0x73, 0x22, 0x3a, 0x5b, 0x5d, 0x7d, 0x5d, 0x2c, 0x22, 0x62, 0x61, 0x73, 0x65, 0x22, 0x3a, 0x22, 0x64, 0x75, 0x6d, 0x6d, 0x79, 0x22, 0x2c, 0x22, 0x64, 0x69, 0x73, 0x70, 0x6c, 0x61, 0x79, 0x22, 0x3a, 0x22, 0x64, 0x75, 0x6d, 0x6d, 0x79, 0x63, 0x6f, 0x69, 0x6e, 0x22, 0x2c, 0x22, 0x6e, 0x61, 0x6d, 0x65, 0x22, 0x3a, 0x22, 0x44, 0x55, 0x4d, 0x4d, 0x59, 0x22, 0x2c, 0x22, 0x73, 0x79, 0x6d, 0x62, 0x6f, 0x6c, 0x22, 0x3a, 0x22, 0x44, 0x55, 0x4d, 0x22, 0x7d},
+							Index: false,
+						},
 					},
 				},
 			},
@@ -62,7 +67,7 @@ func (s *KeeperTestSuite) TestMakeSwapProposal() {
 			},
 			true,
 			sdkerrors.ErrInvalidRequest,
-			sdk.Event{},
+			sdk.Events{},
 		},
 	}
 	for name, tc := range testCases {
@@ -77,10 +82,7 @@ func (s *KeeperTestSuite) TestMakeSwapProposal() {
 
 			s.Require().ErrorIs(err, tc.expectedError)
 			events := ctx.EventManager().Events()
-			s.Require().Len(events, 1)
-			actualEvent := events[0]
-			fmt.Printf("%#v\n", actualEvent)
-			s.Require().Equal(tc.expectedEvent, actualEvent)
+			s.Require().Equal(tc.expectedEvents, events)
 		})
 	}
 }