diff --git a/cmd/gaia/testnets/README.md b/cmd/gaia/testnets/README.md
index a76d01921b..2e6c20eb3c 100644
--- a/cmd/gaia/testnets/README.md
+++ b/cmd/gaia/testnets/README.md
@@ -29,7 +29,7 @@ Next, let's install the testnet's version of the Cosmos SDK.
 mkdir -p $GOPATH/src/github.com/cosmos
 cd $GOPATH/src/github.com/cosmos
 git clone https://github.com/cosmos/cosmos-sdk
-cd cosmos-sdk && git checkout v0.22.0
+cd cosmos-sdk && git checkout v0.23.0
 make get_tools && make get_vendor_deps && make install
 ```
 
@@ -37,10 +37,10 @@ That will install the `gaiad` and `gaiacli` binaries. Verify that everything is
 
 ```bash
 $ gaiad version
-0.22.0
+0.23.0
 
 $ gaiacli version
-0.22.0
+0.23.0
 ```
 
 ### Node Setup
@@ -97,7 +97,7 @@ Now it is time to upgrade the software:
 
 ```bash
 cd $GOPATH/src/github.com/cosmos/cosmos-sdk
-git fetch --all && git checkout v0.22.0
+git fetch --all && git checkout v0.23.0
 make update_tools && make get_vendor_deps && make install
 ```