diff --git a/contrib/updates/prepare_cosmovisor.sh b/contrib/updates/prepare_cosmovisor.sh
index b55fad1be..703be14a9 100644
--- a/contrib/updates/prepare_cosmovisor.sh
+++ b/contrib/updates/prepare_cosmovisor.sh
@@ -5,7 +5,7 @@
 
 # These fields should be fetched automatically in the future
 # Need to do more upgrade to see upgrade patterns
-OLD_VERSION=v2.4.2
+OLD_VERSION=v3.0.3
 # this command will retrieve the folder with the largest number in format v<number>
 SOFTWARE_UPGRADE_NAME=$(ls -d -- ./app/upgrades/v* | sort -Vr | head -n 1 | xargs basename)
 BUILDDIR=$1