diff --git a/modules/fedimint-lnv2-common/src/lib.rs b/modules/fedimint-lnv2-common/src/lib.rs
index e5ad3587709..e6dfcc28859 100644
--- a/modules/fedimint-lnv2-common/src/lib.rs
+++ b/modules/fedimint-lnv2-common/src/lib.rs
@@ -27,7 +27,7 @@ use tpe::{AggregateDecryptionKey, DecryptionKeyShare};
 use crate::contracts::{IncomingContract, OutgoingContract};
 
 pub const KIND: ModuleKind = ModuleKind::from_static_str("lnv2");
-pub const MODULE_CONSENSUS_VERSION: ModuleConsensusVersion = ModuleConsensusVersion::new(0, 0);
+pub const MODULE_CONSENSUS_VERSION: ModuleConsensusVersion = ModuleConsensusVersion::new(1, 0);
 
 #[derive(Debug, Clone, Copy, Eq, PartialEq, Hash, Deserialize, Serialize, Encodable, Decodable)]
 pub struct ContractId(pub sha256::Hash);