diff --git a/app/app.go b/app/app.go
index a0947cceb..e9c55de68 100644
--- a/app/app.go
+++ b/app/app.go
@@ -11,8 +11,6 @@ import (
 
 	autocliv1 "cosmossdk.io/api/cosmos/autocli/v1"
 	reflectionv1 "cosmossdk.io/api/cosmos/reflection/v1"
-	"github.com/cheqd/cheqd-node/app/migrations"
-	upgradeV1 "github.com/cheqd/cheqd-node/app/upgrades/v1"
 	upgradeV2 "github.com/cheqd/cheqd-node/app/upgrades/v2"
 	posthandler "github.com/cheqd/cheqd-node/post"
 	did "github.com/cheqd/cheqd-node/x/did"
@@ -797,8 +795,8 @@ func New(
 
 	// Note: This migration is completed, we can remove these lines.
 	// Upgrade handler for v1
-	v1UpgradeHandler := app.upgradeHandlerV1(icaModule, keys[didtypes.StoreKey], keys[resourcetypes.StoreKey])
-	app.UpgradeKeeper.SetUpgradeHandler(upgradeV1.UpgradeName, v1UpgradeHandler)
+	// v1UpgradeHandler := app.upgradeHandlerV1(icaModule, keys[didtypes.StoreKey], keys[resourcetypes.StoreKey])
+	// app.UpgradeKeeper.SetUpgradeHandler(upgradeV1.UpgradeName, v1UpgradeHandler)
 
 	if loadLatest {
 		if err := app.LoadLatestVersion(); err != nil {
@@ -990,158 +988,6 @@ func initParamsKeeper(appCodec codec.BinaryCodec, legacyAmino *codec.LegacyAmino
 	return paramsKeeper
 }
 
-func (app *App) upgradeHandlerV1(icaModule ica.AppModule, didStoreKey *storetypes.KVStoreKey, resourceStoreKey *storetypes.KVStoreKey) upgradetypes.UpgradeHandler {
-	return func(ctx sdk.Context, _ upgradetypes.Plan, fromVM module.VersionMap) (module.VersionMap, error) {
-		ctx.Logger().Info("Handler for upgrade plan: " + upgradeV1.UpgradeName)
-
-		// Fix lack of version map initialization in InitChainer for new chains
-		if len(fromVM) == 0 {
-			ctx.Logger().Info("Version map is empty. Initialising to required values.")
-
-			// Set these explicitly to avoid calling InitGenesis on modules that don't need it.
-			// Explicitly skipping x/auth migrations.
-			fromVM = map[string]uint64{
-				"auth":               2,
-				"authz":              1,
-				"bank":               2,
-				"capability":         1,
-				"cheqd":              3,
-				"crisis":             1,
-				"distribution":       2,
-				"evidence":           1,
-				"feegrant":           1,
-				"genutil":            1,
-				"gov":                2,
-				"ibc":                2,
-				"interchainaccounts": 1,
-				"mint":               1,
-				"params":             1,
-				"resource":           1,
-				"slashing":           2,
-				"staking":            2,
-				"transfer":           1,
-				"upgrade":            1,
-				"vesting":            1,
-			}
-		}
-
-		ctx.Logger().Info("Version map is populated. Running migrations.")
-		ctx.Logger().Debug(fmt.Sprintf("Previous version map: %v", fromVM))
-
-		// Get current version map
-		newVM := app.ModuleManager.GetVersionMap()
-		ctx.Logger().Debug(fmt.Sprintf("Target version map: %v", newVM))
-
-		// Set cheqd/DID module to ConsensusVersion
-		fromVM[didtypes.ModuleName] = newVM[didtypes.ModuleName]
-
-		// Set resource module to ConsensusVersion
-		fromVM[resourcetypes.ModuleName] = newVM[resourcetypes.ModuleName]
-
-		// Add defaults for DID module subspace
-		didSubspace := app.GetSubspace(didtypes.ModuleName)
-		didSubspace.Set(ctx, didtypes.ParamStoreKeyFeeParams, didtypes.DefaultFeeParams())
-
-		// Add defaults for resource subspace
-		resourceSubspace := app.GetSubspace(resourcetypes.ModuleName)
-		resourceSubspace.Set(ctx, resourcetypes.ParamStoreKeyFeeParams, resourcetypes.DefaultFeeParams())
-
-		// create ICS27 Controller submodule params
-		controllerParams := icacontrollertypes.Params{
-			ControllerEnabled: true,
-		}
-
-		// create ICS27 Host submodule params
-		hostParams := icahosttypes.Params{
-			HostEnabled: true,
-			AllowMessages: []string{
-				authzMsgExec,
-				authzMsgGrant,
-				authzMsgRevoke,
-				bankMsgSend,
-				bankMsgMultiSend,
-				distrMsgSetWithdrawAddr,
-				distrMsgWithdrawValidatorCommission,
-				distrMsgFundCommunityPool,
-				distrMsgWithdrawDelegatorReward,
-				feegrantMsgGrantAllowance,
-				feegrantMsgRevokeAllowance,
-				govMsgVoteWeighted,
-				govMsgSubmitProposal,
-				govMsgDeposit,
-				govMsgVote,
-				stakingMsgEditValidator,
-				stakingMsgDelegate,
-				stakingMsgUndelegate,
-				stakingMsgBeginRedelegate,
-				stakingMsgCreateValidator,
-				vestingMsgCreateVestingAccount,
-				ibcMsgTransfer,
-				// cheqd namespace
-				didMsgCreateDidDoc,
-				didMsgUpdateDidDoc,
-				didMsgDeactivateDidDoc,
-				resourceMsgCreateResource,
-			},
-		}
-
-		// initialize ICS27 module
-		ctx.Logger().Debug("Initialise interchainaccount module...")
-		icaModule.InitModule(ctx, controllerParams, hostParams)
-
-		// cheqd migrations
-		migrationContext := migrations.NewMigrationContext(
-			app.appCodec,
-			didStoreKey,
-			app.GetSubspace(didtypes.ModuleName),
-			resourceStoreKey,
-			app.GetSubspace(resourcetypes.ModuleName),
-			&app.IBCKeeper.PortKeeper,
-			app.ScopedResourceKeeper,
-		)
-
-		ctx.Logger().Debug("Initialise cheqd DID and Resource module migrations...")
-		cheqdMigrator := migrations.NewMigrator(
-			migrationContext,
-			[]migrations.Migration{
-				// Protobufs
-				// migrations.MigrateDidProtobuf,
-				// migrations.MigrateResourceProtobuf,
-
-				// Indy style
-				migrations.MigrateDidIndyStyle,
-				migrations.MigrateResourceIndyStyle,
-
-				// UUID normalization
-				migrations.MigrateDidUUID,
-				migrations.MigrateResourceUUID,
-
-				// Did version id
-				migrations.MigrateDidVersionID,
-
-				// Resource checksum
-				migrations.MigrateResourceChecksum,
-
-				// Resource version links
-				migrations.MigrateResourceVersionLinks,
-
-				// Resource default alternative url
-				migrations.MigrateResourceDefaultAlternativeURL,
-			})
-
-		err := cheqdMigrator.Migrate(ctx)
-		if err != nil {
-			panic(err)
-		}
-
-		// Run all default migrations
-		ctx.Logger().Debug(fmt.Sprintf("Previous version map (for default RunMigrations): %v", fromVM))
-		toVM, err := app.ModuleManager.RunMigrations(ctx, app.configurator, fromVM)
-		ctx.Logger().Debug(fmt.Sprintf("New version map (after default RunMigrations): %v", toVM))
-		return toVM, err
-	}
-}
-
 // GetMaccPerms returns a copy of the module account permissions
 //
 // NOTE: This is solely to be used for testing purposes.
@@ -1199,6 +1045,8 @@ func (app *App) RegisterUpgradeHandlers() {
 				return nil, err
 			}
 			ctx.Logger().Info("Handler for upgrade plan: " + upgradeV2.UpgradeName)
+			bankSubspace := app.GetSubspace(banktypes.ModuleName)
+			bankSubspace.Set(ctx, didtypes.ParamStoreKeyFeeParams, banktypes.DefaultParams())
 			// Migrate Tendermint consensus parameters from x/params module to a
 			// dedicated x/consensus module.
 			baseapp.MigrateParams(ctx, baseAppLegacySS, &app.ConsensusParamsKeeper)