diff --git a/.github/workflows/build-and-test.yml b/.github/workflows/build-and-test.yml
index eada61b27a..aa042443dc 100644
--- a/.github/workflows/build-and-test.yml
+++ b/.github/workflows/build-and-test.yml
@@ -270,10 +270,13 @@ jobs:
           NAMADA_MASP_PARAMS_DIR: /home/runner/.masp-params
           RUSTFLAGS: "-C linker=clang -C link-arg=-fuse-ld=/usr/local/bin/mold"
       - name: Upload coverage
-        uses: codecov/codecov-action@v3
+        uses: codecov/codecov-action@v4
         with:
-          files: lcov.info
           fail_ci_if_error: true
+          files: lcov.info
+          verbose: true
+        env:
+          CODECOV_TOKEN: ${{ secrets.CODECOV_TOKEN }}
       - name: Print sccache stats
         if: always()
         run: sccache --show-stats || true
diff --git a/codecov.yml b/codecov.yml
new file mode 100644
index 0000000000..dfcda309ab
--- /dev/null
+++ b/codecov.yml
@@ -0,0 +1,29 @@
+coverage:
+  precision: 2
+  round: down
+  range: "60...90"
+
+github_checks:
+  annotations: false
+
+ignore:
+  - audits/*
+  - docker/*
+  - documentation/*
+  - examples/*
+  - genesis/*
+  - proto/*
+  - scripts/*
+  - *.hsb
+  - *.toml
+  - *.lock
+  - *.md
+  - *.yml
+  - .github/*
+  - .vscode
+  - changelog/*
+  - LICENSE
+  - Makefile
+  - crates/tests
+  - crates/test_utils
+  - crates/benches
\ No newline at end of file