diff --git a/app/keepers/keepers.go b/app/keepers/keepers.go
index cbd5b6742c6..ed91bb343c5 100644
--- a/app/keepers/keepers.go
+++ b/app/keepers/keepers.go
@@ -33,6 +33,9 @@ import (
 	"github.com/cosmos/cosmos-sdk/x/upgrade"
 	upgradekeeper "github.com/cosmos/cosmos-sdk/x/upgrade/keeper"
 	upgradetypes "github.com/cosmos/cosmos-sdk/x/upgrade/types"
+	icq "github.com/strangelove-ventures/async-icq/v4"
+	icqtypes "github.com/strangelove-ventures/async-icq/v4/types"
+
 	downtimedetector "github.com/osmosis-labs/osmosis/v14/x/downtime-detector"
 	downtimetypes "github.com/osmosis-labs/osmosis/v14/x/downtime-detector/types"
 	"github.com/osmosis-labs/osmosis/v14/x/gamm"
@@ -44,8 +47,6 @@ import (
 	ibchooks "github.com/osmosis-labs/osmosis/x/ibc-hooks"
 	ibchookskeeper "github.com/osmosis-labs/osmosis/x/ibc-hooks/keeper"
 	ibchookstypes "github.com/osmosis-labs/osmosis/x/ibc-hooks/types"
-	icq "github.com/strangelove-ventures/async-icq/v4"
-	icqtypes "github.com/strangelove-ventures/async-icq/v4/types"
 
 	icahost "github.com/cosmos/ibc-go/v4/modules/apps/27-interchain-accounts/host"
 	icahostkeeper "github.com/cosmos/ibc-go/v4/modules/apps/27-interchain-accounts/host/keeper"
@@ -503,15 +504,13 @@ func (appKeepers *AppKeepers) WireICS20PreWasmKeeper(
 	)
 
 	// ChannelKeeper wrapper for rate limiting SendPacket(). The wasmKeeper needs to be added after it's created
-	rateLimitingParams := appKeepers.GetSubspace(ibcratelimittypes.ModuleName)
-	rateLimitingParams = rateLimitingParams.WithKeyTable(ibcratelimittypes.ParamKeyTable())
 	rateLimitingICS4Wrapper := ibcratelimit.NewICS4Middleware(
 		appKeepers.HooksICS4Wrapper,
 		appKeepers.AccountKeeper,
 		// wasm keeper we set later.
 		nil,
 		appKeepers.BankKeeper,
-		rateLimitingParams,
+		appKeepers.GetSubspace(ibcratelimittypes.ModuleName),
 	)
 	appKeepers.RateLimitingICS4Wrapper = &rateLimitingICS4Wrapper
 
diff --git a/x/ibc-rate-limit/ics4_wrapper.go b/x/ibc-rate-limit/ics4_wrapper.go
index 68bbc21c903..7d2a5903cba 100644
--- a/x/ibc-rate-limit/ics4_wrapper.go
+++ b/x/ibc-rate-limit/ics4_wrapper.go
@@ -11,6 +11,8 @@ import (
 	channeltypes "github.com/cosmos/ibc-go/v4/modules/core/04-channel/types"
 	porttypes "github.com/cosmos/ibc-go/v4/modules/core/05-port/types"
 	"github.com/cosmos/ibc-go/v4/modules/core/exported"
+
+	"github.com/osmosis-labs/osmosis/v14/x/ibc-rate-limit/types"
 )
 
 var (
@@ -35,6 +37,9 @@ func NewICS4Middleware(
 	accountKeeper *authkeeper.AccountKeeper, contractKeeper *wasmkeeper.PermissionedKeeper,
 	bankKeeper *bankkeeper.BaseKeeper, paramSpace paramtypes.Subspace,
 ) ICS4Wrapper {
+	if !paramSpace.HasKeyTable() {
+		paramSpace = paramSpace.WithKeyTable(types.ParamKeyTable())
+	}
 	return ICS4Wrapper{
 		channel:        channel,
 		accountKeeper:  accountKeeper,
diff --git a/x/ibc-rate-limit/rate_limit.go b/x/ibc-rate-limit/rate_limit.go
index a44c13b24ff..e38241aacd1 100644
--- a/x/ibc-rate-limit/rate_limit.go
+++ b/x/ibc-rate-limit/rate_limit.go
@@ -2,6 +2,7 @@ package ibc_rate_limit
 
 import (
 	"encoding/json"
+
 	wasmkeeper "github.com/CosmWasm/wasmd/x/wasm/keeper"
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	sdkerrors "github.com/cosmos/cosmos-sdk/types/errors"