diff --git a/.github/workflows/publish.yml b/.github/workflows/publish.yml
index 15651716a..5f7c5c875 100644
--- a/.github/workflows/publish.yml
+++ b/.github/workflows/publish.yml
@@ -103,7 +103,7 @@ jobs:
           - project: omniflixhub
             version: v0.11.0
           - project: osmosis
-            version: v15.2.0
+            version: v16.1.0
           - project: panacea
             version: v2.0.5
           - project: passage
diff --git a/README.md b/README.md
index 7d1c1f6a3..5e1b086a4 100644
--- a/README.md
+++ b/README.md
@@ -88,7 +88,7 @@ tagged with the form `$COSMOS_OMNIBUS_VERSION-$PROJECT-$PROJECT_VERSION`.
 |[neutron](https://github.com/neutron-org/neutron)|`v1.0.3`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-neutron-v1.0.3`|[Example](./neutron)|
 |[nois](https://github.com/noislabs/noisd)|`v1.0.2`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-nois-v1.0.2`|[Example](./nois)|
 |[omniflixhub](https://github.com/OmniFlix/omniflixhub)|`v0.11.0`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-omniflixhub-v0.11.0`|[Example](./omniflixhub)|
-|[osmosis](https://github.com/osmosis-labs/osmosis)|`v15.2.0`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v15.2.0`|[Example](./osmosis)|
+|[osmosis](https://github.com/osmosis-labs/osmosis)|`v16.1.0`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v16.1.0`|[Example](./osmosis)|
 |[panacea](https://github.com/medibloc/panacea-core)|`v2.0.5`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-panacea-v2.0.5`|[Example](./panacea)|
 |[passage](https://github.com/envadiv/Passage3D)|`v1.1.0`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-passage-v1.1.0`|[Example](./passage)|
 |[persistence](https://github.com/persistenceOne/persistenceCore)|`v3.2.0`|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-persistence-v3.2.0`|[Example](./persistence)|
diff --git a/osmosis/README.md b/osmosis/README.md
index bae532fa0..95a46ac41 100644
--- a/osmosis/README.md
+++ b/osmosis/README.md
@@ -2,12 +2,12 @@
 
 | | |
 |---|---|
-|Version|`v15.2.0`|
+|Version|`v16.1.0`|
 |Binary|`osmosisd`|
 |Directory|`.osmosisd`|
 |ENV namespace|`OSMOSISD`|
 |Repository|`https://github.com/omosis-labs/osmosis`|
-|Image|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v15.2.0`|
+|Image|`ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v16.1.0`|
 
 ## Examples
 
diff --git a/osmosis/build.yml b/osmosis/build.yml
index 6374504de..47857ec02 100644
--- a/osmosis/build.yml
+++ b/osmosis/build.yml
@@ -7,10 +7,10 @@ services:
       args:
         PROJECT: osmosis
         PROJECT_BIN: osmosisd
-        VERSION: v15.2.0
+        VERSION: v16.1.0
         REPOSITORY: https://github.com/osmosis-labs/osmosis
         NAMESPACE: OSMOSISD
-        GOLANG_VERSION: 1.19-buster
+        GOLANG_VERSION: 1.20-buster
     ports:
       - '26656:26656'
       - '26657:26657'
diff --git a/osmosis/deploy.yml b/osmosis/deploy.yml
index 5f1b256a1..638b9359f 100644
--- a/osmosis/deploy.yml
+++ b/osmosis/deploy.yml
@@ -3,7 +3,7 @@ version: "2.0"
 
 services:
   node:
-    image: ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v15.2.0
+    image: ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v16.1.0
     env:
       - MONIKER=my-moniker-1
       - CHAIN_JSON=https://raw.githubusercontent.com/cosmos/chain-registry/master/osmosis/chain.json
diff --git a/osmosis/docker-compose.yml b/osmosis/docker-compose.yml
index 05d885a3c..f79f0850a 100644
--- a/osmosis/docker-compose.yml
+++ b/osmosis/docker-compose.yml
@@ -2,7 +2,7 @@ version: '3.4'
 
 services:
   node_1:
-    image: ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v15.2.0
+    image: ghcr.io/akash-network/cosmos-omnibus:v0.3.40-osmosis-v16.1.0
     ports:
       - '26656:26656'
       - '26657:26657'