diff --git a/CHANGELOG.md b/CHANGELOG.md
index 34d17fcb235..6ce664025ec 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -39,7 +39,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## Unreleased
+## [v7.1.0](https://github.com/osmosis-labs/osmosis/releases/tag/v7.1.0)
 
 ### Minor improvements & Bug Fixes
 
@@ -60,11 +60,15 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 * [sdk-#140](https://github.com/osmosis-labs/cosmos-sdk/pull/140) refactor: snapshot and pruning functionality
 * [sdk-#156](https://github.com/osmosis-labs/cosmos-sdk/pull/156) feat: implement querying for commit hash and proofs
 * [sdk-#155](https://github.com/osmosis-labs/cosmos-sdk/pull/155) fix: commit info data race
+* [sdk-#158](https://github.com/osmosis-labs/cosmos-sdk/pull/158) Fixes the go race tests
+* [sdk-#160](https://github.com/osmosis-labs/cosmos-sdk/pull/160) increase setupBaseAppWithSnapshots timeout to 90 seconds
+* [sdk-#161](https://github.com/osmosis-labs/cosmos-sdk/pull/155) upgrade iavl to v0.17.3-osmo-v7 with lowered fast node cache size
 
 ### IAVL fork updates
 
 * [iavl-35](https://github.com/osmosis-labs/iavl/pull/35) avoid clearing fast node cache during pruning
 * [iavl-36](https://github.com/osmosis-labs/iavl/pull/36) fix data race related to VersionExists
+* [iavl-37](https://github.com/osmosis-labs/iavl/pull/36) hardcode fast node cache size to 100k
 
 ## [v7.0.4](https://github.com/osmosis-labs/osmosis/releases/tag/v7.0.4)
 
diff --git a/go.mod b/go.mod
index 8d844375593..dbdb2eca7c5 100644
--- a/go.mod
+++ b/go.mod
@@ -129,9 +129,9 @@ replace (
 	// branch: v0.22.0-osmo-v7, current tag: v0.22.0-osmo-v7.2.0
 	github.com/CosmWasm/wasmd => github.com/osmosis-labs/wasmd v0.22.0-osmo-v7.2
 	// Our cosmos-sdk branch is:  https://github.com/osmosis-labs/cosmos-sdk v0.45.0x-osmo-v7
-	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220326154344-d53f1ddaa691
+	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220327212402-9f71a993afdc
 	// Use Osmosis fast iavl
-	github.com/cosmos/iavl => github.com/osmosis-labs/iavl v0.17.3-osmo-v6
+	github.com/cosmos/iavl => github.com/osmosis-labs/iavl v0.17.3-osmo-v7
 	// Use osmosis fork of ibc-go
 	github.com/cosmos/ibc-go/v2 => github.com/osmosis-labs/ibc-go/v2 v2.0.2-osmo
 	// use cosmos-compatible protobufs
diff --git a/go.sum b/go.sum
index c14579ae7bf..aba9ee91408 100644
--- a/go.sum
+++ b/go.sum
@@ -781,10 +781,14 @@ github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220311195527-87988f9e28b1 h1:cKca
 github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220311195527-87988f9e28b1/go.mod h1:7hy9bXGNkZVlq7MtejLafgPRuTnidBkyBnTEaMCj6Jc=
 github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220326154344-d53f1ddaa691 h1:umGyhsY/4OB1e0AUMMA5kxXxR82Rup7sHwgJb83aFhQ=
 github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220326154344-d53f1ddaa691/go.mod h1:NiV/Dd/KAnBD2LFWGbBRFjDdhetWvEn0iRqtEffXGqU=
+github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220327212402-9f71a993afdc h1:fHyJmBbaDaC5Df4eOVL5/FSvMHGrKkSnX8/nvLD1484=
+github.com/osmosis-labs/cosmos-sdk v0.45.1-0.20220327212402-9f71a993afdc/go.mod h1:ta913SL8leI7QWslwlEVm8yoOzuIzD455Dpjnnazll8=
 github.com/osmosis-labs/iavl v0.17.3-osmo-v5 h1:B6Saw2AK0StgfSSgi2rUc5B8MDa1vV1nGJUyYM7THus=
 github.com/osmosis-labs/iavl v0.17.3-osmo-v5/go.mod h1:lJEOIlsd3sVO0JDyXWIXa9/Ur5FBscP26zJx0KxHjto=
 github.com/osmosis-labs/iavl v0.17.3-osmo-v6 h1:xM/ESKmbyS7hx6Ye4xSitLbofSVw+/j3MhGTZr4aFxE=
 github.com/osmosis-labs/iavl v0.17.3-osmo-v6/go.mod h1:lJEOIlsd3sVO0JDyXWIXa9/Ur5FBscP26zJx0KxHjto=
+github.com/osmosis-labs/iavl v0.17.3-osmo-v7 h1:6KcADC/WhL7yDmNQxUIJt2XmzNt4FfRmq9gRke45w74=
+github.com/osmosis-labs/iavl v0.17.3-osmo-v7/go.mod h1:lJEOIlsd3sVO0JDyXWIXa9/Ur5FBscP26zJx0KxHjto=
 github.com/osmosis-labs/ibc-go/v2 v2.0.2-osmo h1:XyYyDTjPIu7qX2nhQp9mboj7Pa9FEnjg1RXw73Ctv5U=
 github.com/osmosis-labs/ibc-go/v2 v2.0.2-osmo/go.mod h1:XUmW7wmubCRhIEAGtMGS+5IjiSSmcAwihoN/yPGd6Kk=
 github.com/osmosis-labs/wasmd v0.22.0-osmo-alpha-0 h1:605q+qoaMULEEy3XDjQVAobbnDGG/IU68rwoXqpMnSA=