diff --git a/protocol/app/testdata/default_genesis_state.json b/protocol/app/testdata/default_genesis_state.json
index 59694209d7..4a521b1e5c 100644
--- a/protocol/app/testdata/default_genesis_state.json
+++ b/protocol/app/testdata/default_genesis_state.json
@@ -385,12 +385,12 @@
         "denom": "ibc/8E27BA2D5493AF5636760E354E46004562C46AB7EC0CC4C1CA14E9E20E2545B5",
         "limiters": [
           {
-            "baseline_minimum": "100000000000",
+            "baseline_minimum": "1000000000000",
             "baseline_tvl_ppm": 10000,
             "period": "3600s"
           },
           {
-            "baseline_minimum": "1000000000000",
+            "baseline_minimum": "10000000000000",
             "baseline_tvl_ppm": 100000,
             "period": "86400s"
           }
diff --git a/protocol/scripts/genesis/sample_pregenesis.json b/protocol/scripts/genesis/sample_pregenesis.json
index 2a149e674f..58f7b7d594 100644
--- a/protocol/scripts/genesis/sample_pregenesis.json
+++ b/protocol/scripts/genesis/sample_pregenesis.json
@@ -1694,12 +1694,12 @@
           "denom": "ibc/8E27BA2D5493AF5636760E354E46004562C46AB7EC0CC4C1CA14E9E20E2545B5",
           "limiters": [
             {
-              "baseline_minimum": "100000000000",
+              "baseline_minimum": "1000000000000",
               "baseline_tvl_ppm": 10000,
               "period": "3600s"
             },
             {
-              "baseline_minimum": "1000000000000",
+              "baseline_minimum": "10000000000000",
               "baseline_tvl_ppm": 100000,
               "period": "86400s"
             }
@@ -1782,7 +1782,7 @@
       ]
     }
   },
-  "app_version": "3.0.0-dev0-60-ge0fd2767",
+  "app_version": "4.0.0-dev0-22-gd31fa077",
   "chain_id": "dydx-sample-1",
   "consensus": {
     "params": {
diff --git a/protocol/testutil/constants/genesis.go b/protocol/testutil/constants/genesis.go
index 459390c7ed..0dc9e7ab96 100644
--- a/protocol/testutil/constants/genesis.go
+++ b/protocol/testutil/constants/genesis.go
@@ -1366,12 +1366,12 @@ const GenesisState = `{
           "denom": "ibc/8E27BA2D5493AF5636760E354E46004562C46AB7EC0CC4C1CA14E9E20E2545B5",
           "limiters": [
             {
-              "baseline_minimum": "100000000000",
+              "baseline_minimum": "1000000000000",
               "baseline_tvl_ppm": 10000,
               "period": "3600s"
             },
             {
-              "baseline_minimum": "1000000000000",
+              "baseline_minimum": "10000000000000",
               "baseline_tvl_ppm": 100000,
               "period": "86400s"
             }
diff --git a/protocol/x/ratelimit/types/params.go b/protocol/x/ratelimit/types/params.go
index c500613bf0..4d3917a96f 100644
--- a/protocol/x/ratelimit/types/params.go
+++ b/protocol/x/ratelimit/types/params.go
@@ -13,13 +13,13 @@ import (
 
 // BigBaselineMinimum1Hr defines the minimum baseline USDC for the 1-hour rate-limit.
 var BigBaselineMinimum1Hr = new(big.Int).Mul(
-	big.NewInt(100_000), // 100k full coins
+	big.NewInt(1_000_000), // 1m full coins
 	lib.BigPow10(-assettypes.UusdcDenomExponent),
 )
 
 // BigBaselineMinimum1Day defines the minimum baseline USDC for the 1-day rate-limit.
 var BigBaselineMinimum1Day = new(big.Int).Mul(
-	big.NewInt(1_000_000), // 1m full coins
+	big.NewInt(10_000_000), // 10m full coins
 	lib.BigPow10(-assettypes.UusdcDenomExponent),
 )
 
diff --git a/protocol/x/ratelimit/types/params_test.go b/protocol/x/ratelimit/types/params_test.go
index f2fbffde1a..70af317888 100644
--- a/protocol/x/ratelimit/types/params_test.go
+++ b/protocol/x/ratelimit/types/params_test.go
@@ -16,12 +16,12 @@ func TestDefaultUsdcRateLimitParams(t *testing.T) {
 			Limiters: []types.Limiter{
 				{
 					Period:          3600 * time.Second,
-					BaselineMinimum: dtypes.NewInt(100_000_000_000),
+					BaselineMinimum: dtypes.NewInt(1_000_000_000_000),
 					BaselineTvlPpm:  10_000,
 				},
 				{
 					Period:          24 * time.Hour,
-					BaselineMinimum: dtypes.NewInt(1_000_000_000_000),
+					BaselineMinimum: dtypes.NewInt(10_000_000_000_000),
 					BaselineTvlPpm:  100_000,
 				},
 			},