diff --git a/app/app.go b/app/app.go
index 150cfedf..c1f72df8 100644
--- a/app/app.go
+++ b/app/app.go
@@ -29,6 +29,7 @@ import (
 	authtx "github.com/cosmos/cosmos-sdk/x/auth/tx"
 	authtypes "github.com/cosmos/cosmos-sdk/x/auth/types"
 	"github.com/cosmos/cosmos-sdk/x/auth/vesting"
+	vestingkeeper "github.com/cosmos/cosmos-sdk/x/auth/vesting/keeper"
 	vestingtypes "github.com/cosmos/cosmos-sdk/x/auth/vesting/types"
 	"github.com/cosmos/cosmos-sdk/x/authz"
 	authzkeeper "github.com/cosmos/cosmos-sdk/x/authz/keeper"
@@ -702,6 +703,8 @@ func NewApp(
 		keys[counciltypes.StoreKey], appCodec, app.stakingKeeper,
 	)
 
+	app.vestingKeeper = vestingkeeper.NewVestingKeeper(app.accountKeeper, app.bankKeeper, keys[vestingtypes.StoreKey])
+
 	// create the module manager (Note: Any module instantiated in the module manager that is later modified
 	// must be passed by reference here.)
 	app.mm = module.NewManager(
@@ -722,7 +725,7 @@ func NewApp(
 		upgrade.NewAppModule(&app.upgradeKeeper),
 		evidence.NewAppModule(app.evidenceKeeper),
 		transferModule,
-		vesting.NewAppModule(app.accountKeeper, app.bankKeeper),
+		vesting.NewAppModule(app.accountKeeper, app.vestingKeeper),
 		authzmodule.NewAppModule(appCodec, app.authzKeeper, app.accountKeeper, app.bankKeeper, app.interfaceRegistry),
 		issuance.NewAppModule(app.issuanceKeeper, app.accountKeeper, app.bankKeeper),
 		bep3.NewAppModule(app.bep3Keeper, app.accountKeeper, app.bankKeeper),
diff --git a/chaincfg/mint.go b/chaincfg/mint.go
index 1ecfe409..9293e10e 100644
--- a/chaincfg/mint.go
+++ b/chaincfg/mint.go
@@ -1,21 +1,11 @@
 package chaincfg
 
 import (
-	"github.com/tendermint/tendermint/libs/log"
-
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	minttypes "github.com/cosmos/cosmos-sdk/x/mint/types"
 )
 
-func CustomInflationCalculateFn(ctx sdk.Context, minter minttypes.Minter, params minttypes.Params, bondedRatio sdk.Dec) sdk.Dec {
-	logger := ctx.Logger()
-	if logger == nil {
-		panic("logger is nil")
-	}
-	return customInflationCalculateFn(logger, minter, params, bondedRatio)
-}
-
-func customInflationCalculateFn(logger log.Logger, minter minttypes.Minter, params minttypes.Params, bondedRatio sdk.Dec) sdk.Dec {
+func NextInflationRate(ctx sdk.Context, minter minttypes.Minter, params minttypes.Params, bondedRatio sdk.Dec, circulatingRatio sdk.Dec) sdk.Dec {
 	// The target annual inflation rate is recalculated for each previsions cycle. The
 	// inflation is also subject to a rate change (positive or negative) depending on
 	// the distance from the desired ratio (67%). The maximum rate change possible is
@@ -37,9 +27,10 @@ func customInflationCalculateFn(logger log.Logger, minter minttypes.Minter, para
 		inflation = params.InflationMin
 	}
 
-	logger.Info(
+	ctx.Logger().Debug(
 		"calculated new annual inflation",
 		"bondedRatio", bondedRatio,
+		"circulatingRatio", circulatingRatio,
 		"inflation", inflation,
 		"params", params,
 		"minter", minter,
diff --git a/localtestnet.sh b/localtestnet.sh
index 189ec3b2..a5137590 100755
--- a/localtestnet.sh
+++ b/localtestnet.sh
@@ -16,7 +16,7 @@ userMnemonic="news tornado sponsor drastic dolphin awful plastic select true liz
 # 0x7Bbf300890857b8c241b219C6a489431669b3aFA
 # kava10wlnqzyss4accfqmyxwx5jy5x9nfkwh6qm7n4t
 
-relayerMnemonic="never reject sniff east arctic funny twin feed upper series stay shoot vivid adapt defense economy pledge fetch invite approve ceiling admit gloom exit"
+vestingMnemonic="never reject sniff east arctic funny twin feed upper series stay shoot vivid adapt defense economy pledge fetch invite approve ceiling admit gloom exit"
 # 0xa2F728F997f62F47D4262a70947F6c36885dF9fa
 # kava15tmj37vh7ch504px9fcfglmvx6y9m70646ev8t
 
@@ -64,11 +64,11 @@ $BINARY add-genesis-account $evmFaucetKeyName 1000000000000000000000ua0gi
 
 userKeyName="user"
 printf "$userMnemonic\n" | $BINARY keys add $userKeyName --eth --recover
-$BINARY add-genesis-account $userKeyName 1000000000000000000000ua0gi,1000000000usdx
+$BINARY add-genesis-account $userKeyName 1000000000000000000000ua0gi
 
-relayerKeyName="relayer"
-printf "$relayerMnemonic\n" | $BINARY keys add $relayerKeyName --eth --recover
-$BINARY add-genesis-account $relayerKeyName 1000000000000000000000ua0gi
+vestingKeyName="vesting"
+printf "$vestingMnemonic\n" | $BINARY keys add $vestingKeyName --eth --recover
+$BINARY add-genesis-account $vestingKeyName 1000000000000000000000ua0gi --vesting-amount 1000000000000000000000ua0gi --vesting-start-time 1717200000 --vesting-end-time 1719791999
 
 storageContractAcc="0g1vsjpjgw8p5f4x0nwp8ernl9lkszewcqqss7r5d"
 $BINARY add-genesis-account $storageContractAcc 1000000000000000000000ua0gi