diff --git a/migrate/v0_15/incentive.go b/migrate/v0_15/incentive.go
index b501c485..5d68c31b 100644
--- a/migrate/v0_15/incentive.go
+++ b/migrate/v0_15/incentive.go
@@ -25,8 +25,19 @@ func Incentive(incentiveGS v0_14incentive.GenesisState) v0_15incentive.GenesisSt
 			Multipliers: claimMultipliers,
 		},
 		{
-			Denom:       "swp",
-			Multipliers: claimMultipliers, // TODO set the correct multipliers
+			Denom: "swp",
+			Multipliers: v0_15incentive.Multipliers{
+				{
+					Name:         v0_15incentive.Small,
+					MonthsLockup: 1,
+					Factor:       sdk.MustNewDecFromStr("0.1"),
+				},
+				{
+					Name:         v0_15incentive.Large,
+					MonthsLockup: 12,
+					Factor:       sdk.OneDec(),
+				},
+			}, // TODO set the correct multipliers
 		},
 	}
 
diff --git a/migrate/v0_15/testdata/v0_15-incentive-state.json b/migrate/v0_15/testdata/v0_15-incentive-state.json
index 870fbcc4..5956a256 100644
--- a/migrate/v0_15/testdata/v0_15-incentive-state.json
+++ b/migrate/v0_15/testdata/v0_15-incentive-state.json
@@ -173,14 +173,49 @@
     "claim_end": "2026-04-08T14:00:00Z",
     "claim_multipliers": [
       {
-        "factor": "0.200000000000000000",
-        "months_lockup": "1",
-        "name": "small"
+        "denom": "hard",
+        "multipliers": [
+          {
+            "name": "small",
+            "months_lockup": "1",
+            "factor": "0.200000000000000000"
+          },
+          {
+            "name": "large",
+            "months_lockup": "12",
+            "factor": "1.000000000000000000"
+          }
+        ]
       },
       {
-        "factor": "1.000000000000000000",
-        "months_lockup": "12",
-        "name": "large"
+        "denom": "ukava",
+        "multipliers": [
+          {
+            "name": "small",
+            "months_lockup": "1",
+            "factor": "0.200000000000000000"
+          },
+          {
+            "name": "large",
+            "months_lockup": "12",
+            "factor": "1.000000000000000000"
+          }
+        ]
+      },
+      {
+        "denom": "swp",
+        "multipliers": [
+          {
+            "name": "small",
+            "months_lockup": "1",
+            "factor": "0.100000000000000000"
+          },
+          {
+            "name": "large",
+            "months_lockup": "12",
+            "factor": "1.000000000000000000"
+          }
+        ]
       }
     ],
     "delegator_reward_periods": [