diff --git a/CHANGELOG.md b/CHANGELOG.md
index 71d574731d46..8eb96c4b4410 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -81,6 +81,7 @@ options `pruning-keep-recent`, `pruning-keep-every`, and `pruning-interval`. The
 dictate how many recent versions are kept on disk and the offset of what versions are kept after that
 respectively, and the latter defines the height interval in which versions are deleted in a batch.
 **Note, there are some client-facing API breaking changes with regard to IAVL, stores, and pruning settings.**
+* (types) [\#5741](https://github.com/cosmos/cosmos-sdk/issues/5741) Prevent `ChainAnteDecorators()` from panicking when empty `AnteDecorator` slice is supplied.
 
 ## [v0.38.4] - 2020-05-21
 
diff --git a/Makefile b/Makefile
index 8d947640f75a..9d857bc8ca7c 100644
--- a/Makefile
+++ b/Makefile
@@ -35,6 +35,7 @@ update-swagger-docs: statik
 
 mocks: $(MOCKS_DIR)
 	mockgen -source=x/auth/types/account_retriever.go -package mocks -destination tests/mocks/account_retriever.go
+	mockgen -source=types/handler.go -package mocks -destination tests/mocks/types_handler.go
 .PHONY: mocks
 
 $(MOCKS_DIR):
diff --git a/tests/mocks/account_retriever.go b/tests/mocks/account_retriever.go
index 9f8ee69282a2..a3086c77bdca 100644
--- a/tests/mocks/account_retriever.go
+++ b/tests/mocks/account_retriever.go
@@ -1,30 +1,38 @@
+// Code generated by MockGen. DO NOT EDIT.
+// Source: x/auth/types/account_retriever.go
+
+// Package mocks is a generated GoMock package.
 package mocks
 
 import (
-	reflect "reflect"
-
 	gomock "github.com/golang/mock/gomock"
+	reflect "reflect"
 )
 
+// MockNodeQuerier is a mock of NodeQuerier interface
 type MockNodeQuerier struct {
 	ctrl     *gomock.Controller
 	recorder *MockNodeQuerierMockRecorder
 }
 
+// MockNodeQuerierMockRecorder is the mock recorder for MockNodeQuerier
 type MockNodeQuerierMockRecorder struct {
 	mock *MockNodeQuerier
 }
 
+// NewMockNodeQuerier creates a new mock instance
 func NewMockNodeQuerier(ctrl *gomock.Controller) *MockNodeQuerier {
 	mock := &MockNodeQuerier{ctrl: ctrl}
 	mock.recorder = &MockNodeQuerierMockRecorder{mock}
 	return mock
 }
 
+// EXPECT returns an object that allows the caller to indicate expected use
 func (m *MockNodeQuerier) EXPECT() *MockNodeQuerierMockRecorder {
 	return m.recorder
 }
 
+// QueryWithData mocks base method
 func (m *MockNodeQuerier) QueryWithData(path string, data []byte) ([]byte, int64, error) {
 	m.ctrl.T.Helper()
 	ret := m.ctrl.Call(m, "QueryWithData", path, data)
@@ -34,6 +42,7 @@ func (m *MockNodeQuerier) QueryWithData(path string, data []byte) ([]byte, int64
 	return ret0, ret1, ret2
 }
 
+// QueryWithData indicates an expected call of QueryWithData
 func (mr *MockNodeQuerierMockRecorder) QueryWithData(path, data interface{}) *gomock.Call {
 	mr.mock.ctrl.T.Helper()
 	return mr.mock.ctrl.RecordCallWithMethodType(mr.mock, "QueryWithData", reflect.TypeOf((*MockNodeQuerier)(nil).QueryWithData), path, data)
diff --git a/tests/mocks/types_handler.go b/tests/mocks/types_handler.go
new file mode 100644
index 000000000000..da80614ae884
--- /dev/null
+++ b/tests/mocks/types_handler.go
@@ -0,0 +1,49 @@
+// Code generated by MockGen. DO NOT EDIT.
+// Source: types/handler.go
+
+// Package mocks is a generated GoMock package.
+package mocks
+
+import (
+	types "github.com/cosmos/cosmos-sdk/types"
+	gomock "github.com/golang/mock/gomock"
+	reflect "reflect"
+)
+
+// MockAnteDecorator is a mock of AnteDecorator interface
+type MockAnteDecorator struct {
+	ctrl     *gomock.Controller
+	recorder *MockAnteDecoratorMockRecorder
+}
+
+// MockAnteDecoratorMockRecorder is the mock recorder for MockAnteDecorator
+type MockAnteDecoratorMockRecorder struct {
+	mock *MockAnteDecorator
+}
+
+// NewMockAnteDecorator creates a new mock instance
+func NewMockAnteDecorator(ctrl *gomock.Controller) *MockAnteDecorator {
+	mock := &MockAnteDecorator{ctrl: ctrl}
+	mock.recorder = &MockAnteDecoratorMockRecorder{mock}
+	return mock
+}
+
+// EXPECT returns an object that allows the caller to indicate expected use
+func (m *MockAnteDecorator) EXPECT() *MockAnteDecoratorMockRecorder {
+	return m.recorder
+}
+
+// AnteHandle mocks base method
+func (m *MockAnteDecorator) AnteHandle(ctx types.Context, tx types.Tx, simulate bool, next types.AnteHandler) (types.Context, error) {
+	m.ctrl.T.Helper()
+	ret := m.ctrl.Call(m, "AnteHandle", ctx, tx, simulate, next)
+	ret0, _ := ret[0].(types.Context)
+	ret1, _ := ret[1].(error)
+	return ret0, ret1
+}
+
+// AnteHandle indicates an expected call of AnteHandle
+func (mr *MockAnteDecoratorMockRecorder) AnteHandle(ctx, tx, simulate, next interface{}) *gomock.Call {
+	mr.mock.ctrl.T.Helper()
+	return mr.mock.ctrl.RecordCallWithMethodType(mr.mock, "AnteHandle", reflect.TypeOf((*MockAnteDecorator)(nil).AnteHandle), ctx, tx, simulate, next)
+}
diff --git a/types/handler.go b/types/handler.go
index 6815230a861f..03d1f02d5806 100644
--- a/types/handler.go
+++ b/types/handler.go
@@ -25,15 +25,15 @@ type AnteDecorator interface {
 // MUST set GasMeter with the FIRST AnteDecorator. Failing to do so will cause
 // transactions to be processed with an infinite gasmeter and open a DOS attack vector.
 // Use `ante.SetUpContextDecorator` or a custom Decorator with similar functionality.
+// Returns nil when no AnteDecorator are supplied.
 func ChainAnteDecorators(chain ...AnteDecorator) AnteHandler {
-	if (chain[len(chain)-1] != Terminator{}) {
-		chain = append(chain, Terminator{})
+	if len(chain) == 0 {
+		return nil
 	}
 
-	if len(chain) == 1 {
-		return func(ctx Context, tx Tx, simulate bool) (Context, error) {
-			return chain[0].AnteHandle(ctx, tx, simulate, nil)
-		}
+	// handle non-terminated decorators chain
+	if (chain[len(chain)-1] != Terminator{}) {
+		chain = append(chain, Terminator{})
 	}
 
 	return func(ctx Context, tx Tx, simulate bool) (Context, error) {
diff --git a/types/handler_test.go b/types/handler_test.go
new file mode 100644
index 000000000000..4847a113137a
--- /dev/null
+++ b/types/handler_test.go
@@ -0,0 +1,28 @@
+package types_test
+
+import (
+	"testing"
+
+	"github.com/golang/mock/gomock"
+	"github.com/stretchr/testify/require"
+
+	"github.com/cosmos/cosmos-sdk/tests/mocks"
+	sdk "github.com/cosmos/cosmos-sdk/types"
+)
+
+func TestChainAnteDecorators(t *testing.T) {
+	t.Parallel()
+	// test panic
+	require.Nil(t, sdk.ChainAnteDecorators([]sdk.AnteDecorator{}...))
+
+	ctx, tx := sdk.Context{}, sdk.Tx(nil)
+	mockCtrl := gomock.NewController(t)
+	mockAnteDecorator1 := mocks.NewMockAnteDecorator(mockCtrl)
+	mockAnteDecorator1.EXPECT().AnteHandle(gomock.Eq(ctx), gomock.Eq(tx), true, gomock.Any()).Times(1)
+	sdk.ChainAnteDecorators(mockAnteDecorator1)(ctx, tx, true)
+
+	mockAnteDecorator2 := mocks.NewMockAnteDecorator(mockCtrl)
+	mockAnteDecorator1.EXPECT().AnteHandle(gomock.Eq(ctx), gomock.Eq(tx), true, mockAnteDecorator2).Times(1)
+	mockAnteDecorator2.EXPECT().AnteHandle(gomock.Eq(ctx), gomock.Eq(tx), true, nil).Times(1)
+	sdk.ChainAnteDecorators(mockAnteDecorator1, mockAnteDecorator2)
+}