diff --git a/CHANGELOG.md b/CHANGELOG.md
index d72440bae02c..5e82a13b7ebe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,248 @@
 # Changelog
 
+## 0.25.0
+
+*October 24th, 2018*
+
+BREAKING CHANGES
+
+* Gaia REST API (`gaiacli advanced rest-server`)
+    * [x/stake] Validator.Owner renamed to Validator.Operator
+    * [\#595](https://github.com/cosmos/cosmos-sdk/issues/595) Connections to the REST server are now secured using Transport Layer Security by default. The --insecure flag is provided to switch back to insecure HTTP.
+    * [gaia-lite] [\#2258](https://github.com/cosmos/cosmos-sdk/issues/2258) Split `GET stake/delegators/{delegatorAddr}` into `GET stake/delegators/{delegatorAddr}/delegations`, `GET stake/delegators/{delegatorAddr}/unbonding_delegations` and `GET stake/delegators/{delegatorAddr}/redelegations`
+
+* Gaia CLI  (`gaiacli`)
+    * [x/stake] Validator.Owner renamed to Validator.Operator
+    * [cli] unsafe_reset_all, show_validator, and show_node_id have been renamed to unsafe-reset-all, show-validator, and show-node-id
+    * [cli] [\#1983](https://github.com/cosmos/cosmos-sdk/issues/1983) --print-response now defaults to true in commands that create and send a transaction
+    * [cli] [\#1983](https://github.com/cosmos/cosmos-sdk/issues/1983) you can now pass --pubkey or --address to gaiacli keys show to return a plaintext representation of the key's address or public key for use with other commands
+    * [cli] [\#2061](https://github.com/cosmos/cosmos-sdk/issues/2061) changed proposalID in governance REST endpoints to proposal-id
+    * [cli] [\#2014](https://github.com/cosmos/cosmos-sdk/issues/2014) `gaiacli advanced` no longer exists - to access `ibc`, `rest-server`, and `validator-set` commands use `gaiacli ibc`, `gaiacli rest-server`, and `gaiacli tendermint`, respectively
+    * [makefile] `get_vendor_deps` no longer updates lock file it just updates vendor directory. Use `update_vendor_deps` to update the lock file. [#2152](https://github.com/cosmos/cosmos-sdk/pull/2152)
+    * [cli] [\#2221](https://github.com/cosmos/cosmos-sdk/issues/2221) All commands that
+    utilize a validator's operator address must now use the new Bech32 prefix,
+    `cosmosvaloper`.
+    * [cli] [\#2190](https://github.com/cosmos/cosmos-sdk/issues/2190) `gaiacli init --gen-txs` is now `gaiacli init --with-txs` to reduce confusion
+    * [cli] \#2073 --from can now be either an address or a key name
+    * [cli] [\#1184](https://github.com/cosmos/cosmos-sdk/issues/1184) Subcommands reorganisation, see [\#2390](https://github.com/cosmos/cosmos-sdk/pull/2390) for a comprehensive list of changes.
+    * [cli] [\#2524](https://github.com/cosmos/cosmos-sdk/issues/2524) Add support offline mode to `gaiacli tx sign`. Lookups are not performed if the flag `--offline` is on.
+    * [cli] [\#2570](https://github.com/cosmos/cosmos-sdk/pull/2570) Add commands to query deposits on proposals
+
+* Gaia
+    * Make the transient store key use a distinct store key. [#2013](https://github.com/cosmos/cosmos-sdk/pull/2013)
+    * [x/stake] [\#1901](https://github.com/cosmos/cosmos-sdk/issues/1901) Validator type's Owner field renamed to Operator; Validator's GetOwner() renamed accordingly to comply with the SDK's Validator interface.
+    * [docs] [#2001](https://github.com/cosmos/cosmos-sdk/pull/2001) Update slashing spec for slashing period
+    * [x/stake, x/slashing] [#1305](https://github.com/cosmos/cosmos-sdk/issues/1305) - Rename "revoked" to "jailed"
+    * [x/stake] [#1676] Revoked and jailed validators put into the unbonding state
+    * [x/stake] [#1877] Redelegations/unbonding-delegation from unbonding validator have reduced time
+    * [x/slashing] \#1789 Slashing changes for Tendermint validator set offset (NextValSet)
+    * [x/stake] [\#2040](https://github.com/cosmos/cosmos-sdk/issues/2040) Validator
+    operator type has now changed to `sdk.ValAddress`
+    * [x/stake] [\#2221](https://github.com/cosmos/cosmos-sdk/issues/2221) New
+    Bech32 prefixes have been introduced for a validator's consensus address and
+    public key: `cosmosvalcons` and `cosmosvalconspub` respectively. Also, existing Bech32 prefixes have been
+    renamed for accounts and validator operators:
+      * `cosmosaccaddr` / `cosmosaccpub` => `cosmos` / `cosmospub`
+      * `cosmosvaladdr` / `cosmosvalpub` => `cosmosvaloper` / `cosmosvaloperpub`
+    * [x/stake] [#1013] TendermintUpdates now uses transient store
+    * [x/stake] \#2435 Remove empty bytes from the ValidatorPowerRank store key
+    * [x/gov] [#2195] Governance uses BFT Time
+    * [x/gov] \#2256 Removed slashing for governance non-voting validators
+    * [simulation] \#2162 Added back correct supply invariants
+    * [x/slashing] \#2430 Simulate more slashes, check if validator is jailed before jailing
+    * [x/stake] \#2393 Removed `CompleteUnbonding` and `CompleteRedelegation` Msg types, and instead added unbonding/redelegation queues to endblocker
+    * [x/mock/simulation] \#2501 Simulate transactions & invariants for fee distribution, and fix bugs discovered in the process
+      * [x/auth] Simulate random fee payments
+      * [cmd/gaia/app] Simulate non-zero inflation
+      * [x/stake] Call hooks correctly in several cases related to delegation/validator updates
+      * [x/stake] Check full supply invariants, including yet-to-be-withdrawn fees
+      * [x/stake] Remove no-longer-in-use store key
+      * [x/slashing] Call hooks correctly when a validator is slashed
+      * [x/slashing] Truncate withdrawals (unbonding, redelegation) and burn change
+      * [x/mock/simulation] Ensure the simulation cannot set a proposer address of nil
+      * [x/mock/simulation] Add more event logs on begin block / end block for clarity
+      * [x/mock/simulation] Correctly set validator power in abci.RequestBeginBlock
+      * [x/minting] Correctly call stake keeper to track inflated supply
+      * [x/distribution] Sanity check for nonexistent rewards
+      * [x/distribution] Truncate withdrawals and return change to the community pool
+      * [x/distribution] Add sanity checks for incorrect accum / total accum relations
+      * [x/distribution] Correctly calculate total power using Tendermint updates
+      * [x/distribution] Simulate withdrawal transactions
+      * [x/distribution] Fix a bug where the fee pool was not correctly tracked on WithdrawDelegatorRewardsAll
+    * [x/stake] \#1673 Validators are no longer deleted until they can no longer possibly be slashed
+    * [\#1890](https://github.com/cosmos/cosmos-sdk/issues/1890) Start chain with initial state + sequence of transactions
+      * [cli] Rename `gaiad init gentx` to `gaiad gentx`.
+      * [cli] Add `--skip-genesis` flag to `gaiad init` to prevent `genesis.json` generation.
+      * Drop `GenesisTx` in favor of a signed `StdTx` with only one `MsgCreateValidator` message.
+      * [cli] Port `gaiad init` and `gaiad testnet` to work with `StdTx` genesis transactions.
+      * [cli] Add `--moniker` flag to `gaiad init` to override moniker when generating `genesis.json` - i.e. it takes effect when running with the `--with-txs` flag, it is ignored otherwise.
+
+* SDK
+    * [core] \#2219 Update to Tendermint 0.24.0
+      * Validator set updates delayed by one block
+      * BFT timestamp that can safely be used by applications
+      * Fixed maximum block size enforcement
+    * [core] [\#1807](https://github.com/cosmos/cosmos-sdk/issues/1807) Switch from use of rational to decimal
+    * [types] [\#1901](https://github.com/cosmos/cosmos-sdk/issues/1901) Validator interface's GetOwner() renamed to GetOperator()
+    * [x/slashing] [#2122](https://github.com/cosmos/cosmos-sdk/pull/2122) - Implement slashing period
+    * [types] [\#2119](https://github.com/cosmos/cosmos-sdk/issues/2119) Parsed error messages and ABCI log errors to make     them more human readable.
+    * [types] \#2407 MulInt method added to big decimal in order to improve efficiency of slashing
+    * [simulation] Rename TestAndRunTx to Operation [#2153](https://github.com/cosmos/cosmos-sdk/pull/2153)
+    * [simulation] Remove log and testing.TB from Operation and Invariants, in favor of using errors \#2282
+    * [simulation] Remove usage of keys and addrs in the types, in favor of simulation.Account \#2384
+    * [tools] Removed gocyclo [#2211](https://github.com/cosmos/cosmos-sdk/issues/2211)
+    * [baseapp] Remove `SetTxDecoder` in favor of requiring the decoder be set in baseapp initialization. [#1441](https://github.com/cosmos/cosmos-sdk/issues/1441)
+    * [baseapp] [\#1921](https://github.com/cosmos/cosmos-sdk/issues/1921) Add minimumFees field to BaseApp.
+    * [store] Change storeInfo within the root multistore to use tmhash instead of ripemd160 \#2308
+    * [codec] \#2324 All referrences to wire have been renamed to codec. Additionally, wire.NewCodec is now codec.New().
+    * [types] \#2343 Make sdk.Msg have a names field, to facilitate automatic tagging.
+    * [baseapp] \#2366 Automatically add action tags to all messages
+    * [x/auth] \#2377 auth.StdSignMsg -> txbuilder.StdSignMsg
+    * [x/staking] \#2244 staking now holds a consensus-address-index instead of a consensus-pubkey-index
+    * [x/staking] \#2236 more distribution hooks for distribution
+    * [x/stake] \#2394 Split up UpdateValidator into distinct state transitions applied only in EndBlock
+    * [x/slashing] \#2480 Fix signing info handling bugs & faulty slashing
+    * [x/stake] \#2412 Added an unbonding validator queue to EndBlock to automatically update validator.Status when finished Unbonding
+    * [x/stake] \#2500 Block conflicting redelegations until we add an index
+    * [x/params] Global Paramstore refactored
+    * [types] \#2506 sdk.Dec MarshalJSON now marshals as a normal Decimal, with 10 digits of decimal precision
+    * [x/stake] \#2508 Utilize Tendermint power for validator power key
+    * [x/stake] \#2531 Remove all inflation logic
+    * [x/mint] \#2531 Add minting module and inflation logic
+    * [x/auth] [\#2540](https://github.com/cosmos/cosmos-sdk/issues/2540) Rename `AccountMapper` to `AccountKeeper`.
+    * [types] \#2456 Renamed msg.Name() and msg.Type() to msg.Type() and msg.Route() respectively
+
+* Tendermint
+  * Update tendermint version from v0.23.0 to v0.25.0, notable changes
+    * Mempool now won't build too large blocks, or too computationally expensive blocks
+    * Maximum tx sizes and gas are now removed, and are implicitly the blocks maximums
+    * ABCI validators no longer send the pubkey. The pubkey is only sent in validator updates
+    * Validator set changes are now delayed by one block
+    * Block header now includes the next validator sets hash
+    * BFT time is implemented
+    * Secp256k1 signature format has changed
+    * There is now a threshold multisig format
+    * See the [tendermint changelog](https://github.com/tendermint/tendermint/blob/master/CHANGELOG.md) for other changes.
+
+FEATURES
+
+* Gaia REST API (`gaiacli advanced rest-server`)
+  * [gaia-lite] Endpoints to query staking pool and params
+  * [gaia-lite] [\#2110](https://github.com/cosmos/cosmos-sdk/issues/2110) Add support for `simulate=true` requests query argument to endpoints that send txs to run simulations of transactions
+  * [gaia-lite] [\#966](https://github.com/cosmos/cosmos-sdk/issues/966) Add support for `generate_only=true` query argument to generate offline unsigned transactions
+  * [gaia-lite] [\#1953](https://github.com/cosmos/cosmos-sdk/issues/1953) Add /sign endpoint to sign transactions generated with `generate_only=true`.
+  * [gaia-lite] [\#1954](https://github.com/cosmos/cosmos-sdk/issues/1954) Add /broadcast endpoint to broadcast transactions signed by the /sign endpoint.
+  * [gaia-lite] [\#2113](https://github.com/cosmos/cosmos-sdk/issues/2113) Rename `/accounts/{address}/send` to `/bank/accounts/{address}/transfers`, rename `/accounts/{address}` to `/auth/accounts/{address}`, replace `proposal-id` with `proposalId` in all gov endpoints
+  * [gaia-lite] [\#2478](https://github.com/cosmos/cosmos-sdk/issues/2478) Add query gov proposal's deposits endpoint
+  * [gaia-lite] [\#2477](https://github.com/cosmos/cosmos-sdk/issues/2477) Add query validator's outgoing redelegations and unbonding delegations endpoints
+
+* Gaia CLI  (`gaiacli`)
+  * [cli] Cmds to query staking pool and params
+  * [gov][cli] #2062 added `--proposal` flag to `submit-proposal` that allows a JSON file containing a proposal to be passed in
+  * [\#2040](https://github.com/cosmos/cosmos-sdk/issues/2040) Add `--bech` to `gaiacli keys show` and respective REST endpoint to
+  provide desired Bech32 prefix encoding
+  * [cli] [\#2047](https://github.com/cosmos/cosmos-sdk/issues/2047) [\#2306](https://github.com/cosmos/cosmos-sdk/pull/2306) Passing --gas=simulate triggers a simulation of the tx before the actual execution.
+  The gas estimate obtained via the simulation will be used as gas limit in the actual execution.
+  * [cli] [\#2047](https://github.com/cosmos/cosmos-sdk/issues/2047) The --gas-adjustment flag can be used to adjust the estimate obtained via the simulation triggered by --gas=simulate.
+  * [cli] [\#2110](https://github.com/cosmos/cosmos-sdk/issues/2110) Add --dry-run flag to perform a simulation of a transaction without broadcasting it. The --gas flag is ignored as gas would be automatically estimated.
+  * [cli] [\#2204](https://github.com/cosmos/cosmos-sdk/issues/2204) Support generating and broadcasting messages with multiple signatures via command line:
+    * [\#966](https://github.com/cosmos/cosmos-sdk/issues/966) Add --generate-only flag to build an unsigned transaction and write it to STDOUT.
+    * [\#1953](https://github.com/cosmos/cosmos-sdk/issues/1953) New `sign` command to sign transactions generated with the --generate-only flag.
+    * [\#1954](https://github.com/cosmos/cosmos-sdk/issues/1954) New `broadcast` command to broadcast transactions generated offline and signed with the `sign` command.
+  * [cli] \#2220 Add `gaiacli config` feature to interactively create CLI config files to reduce the number of required flags
+  * [stake][cli] [\#1672](https://github.com/cosmos/cosmos-sdk/issues/1672) Introduced
+  new commission flags for validator commands `create-validator` and `edit-validator`.
+  * [stake][cli] [\#1890](https://github.com/cosmos/cosmos-sdk/issues/1890) Add `--genesis-format` flag to `gaiacli tx create-validator` to produce transactions in genesis-friendly format.
+  * [cli][\#2554](https://github.com/cosmos/cosmos-sdk/issues/2554) Make `gaiacli keys show` multisig ready.
+
+* Gaia
+  * [cli] #2170 added ability to show the node's address via `gaiad tendermint show-address`
+  * [simulation] #2313 Reworked `make test_sim_gaia_slow` to `make test_sim_gaia_full`, now simulates from multiple starting seeds in parallel
+  * [cli] [\#1921] (https://github.com/cosmos/cosmos-sdk/issues/1921)
+    * New configuration file `gaiad.toml` is now created to host Gaia-specific configuration.
+    * New --minimum_fees/minimum_fees flag/config option to set a minimum fee.
+
+* SDK
+  * [querier] added custom querier functionality, so ABCI query requests can be handled by keepers
+  * [simulation] [\#1924](https://github.com/cosmos/cosmos-sdk/issues/1924) allow operations to specify future operations
+  * [simulation] [\#1924](https://github.com/cosmos/cosmos-sdk/issues/1924) Add benchmarking capabilities, with makefile commands "test_sim_gaia_benchmark, test_sim_gaia_profile"
+  * [simulation] [\#2349](https://github.com/cosmos/cosmos-sdk/issues/2349) Add time-based future scheduled operations to simulator
+  * [x/auth] \#2376 Remove FeePayer() from StdTx
+  * [x/stake] [\#1672](https://github.com/cosmos/cosmos-sdk/issues/1672) Implement
+  basis for the validator commission model.
+  * [x/auth] Support account removal in the account mapper.
+
+
+IMPROVEMENTS
+* [tools] Improved terraform and ansible scripts for infrastructure deployment
+* [tools] Added ansible script to enable process core dumps
+
+* Gaia REST API (`gaiacli advanced rest-server`)
+    * [x/stake] [\#2000](https://github.com/cosmos/cosmos-sdk/issues/2000) Added tests for new staking endpoints
+    * [gaia-lite] [\#2445](https://github.com/cosmos/cosmos-sdk/issues/2445) Standarized REST error responses
+    * [gaia-lite] Added example to Swagger specification for /keys/seed.
+    * [x/stake] Refactor REST utils
+
+* Gaia CLI  (`gaiacli`)
+    * [cli] #2060 removed `--select` from `block` command
+    * [cli] #2128 fixed segfault when exporting directly after `gaiad init`
+    * [cli] [\#1255](https://github.com/cosmos/cosmos-sdk/issues/1255) open KeyBase in read-only mode
+     for query-purpose CLI commands
+
+* Gaia
+    * [x/stake] [#2023](https://github.com/cosmos/cosmos-sdk/pull/2023) Terminate iteration loop in `UpdateBondedValidators` and `UpdateBondedValidatorsFull` when the first revoked validator is encountered and perform a sanity check.
+    * [x/auth] Signature verification's gas cost now accounts for pubkey type. [#2046](https://github.com/tendermint/tendermint/pull/2046)
+    * [x/stake] [x/slashing] Ensure delegation invariants to jailed validators [#1883](https://github.com/cosmos/cosmos-sdk/issues/1883).
+    * [x/stake] Improve speed of GetValidator, which was shown to be a performance bottleneck. [#2046](https://github.com/tendermint/tendermint/pull/2200)
+    * [x/stake] \#2435 Improve memory efficiency of getting the various store keys
+    * [genesis] \#2229 Ensure that there are no duplicate accounts or validators in the genesis state.
+    * [genesis] \#2450 Validate staking genesis parameters.
+    * Add SDK validation to `config.toml` (namely disabling `create_empty_blocks`) \#1571
+    * \#1941(https://github.com/cosmos/cosmos-sdk/issues/1941) Version is now inferred via `git describe --tags`.
+    * [x/distribution] \#1671 add distribution types and tests
+
+* SDK
+    * [tools] Make get_vendor_deps deletes `.vendor-new` directories, in case scratch files are present.
+    * [spec] Added simple piggy bank distribution spec
+    * [cli] [\#1632](https://github.com/cosmos/cosmos-sdk/issues/1632) Add integration tests to ensure `basecoind init && basecoind` start sequences run successfully for both `democoin` and `basecoin` examples.
+    * [store] Speedup IAVL iteration, and consequently everything that requires IAVL iteration. [#2143](https://github.com/cosmos/cosmos-sdk/issues/2143)
+    * [store] \#1952, \#2281 Update IAVL dependency to v0.11.0
+    * [simulation] Make timestamps randomized [#2153](https://github.com/cosmos/cosmos-sdk/pull/2153)
+    * [simulation] Make logs not just pure strings, speeding it up by a large factor at greater block heights \#2282
+    * [simulation] Add a concept of weighting the operations \#2303
+    * [simulation] Logs get written to file if large, and also get printed on panics \#2285
+    * [simulation] Bank simulations now makes testing auth configurable \#2425
+    * [gaiad] \#1992 Add optional flag to `gaiad testnet` to make config directory of daemon (default `gaiad`) and cli (default `gaiacli`) configurable
+    * [x/stake] Add stake `Queriers` for Gaia-lite endpoints. This increases the staking endpoints performance by reusing the staking `keeper` logic for queries. [#2249](https://github.com/cosmos/cosmos-sdk/pull/2149)
+    * [store] [\#2017](https://github.com/cosmos/cosmos-sdk/issues/2017) Refactor
+    gas iterator gas consumption to only consume gas for iterator creation and `Next`
+    calls which includes dynamic consumption of value length.
+    * [types/decimal] \#2378 - Added truncate functionality to decimal
+    * [client] [\#1184](https://github.com/cosmos/cosmos-sdk/issues/1184) Remove unused `client/tx/sign.go`.
+    * [tools] \#2464 Lock binary dependencies to a specific version
+
+BUG FIXES
+
+* Gaia CLI  (`gaiacli`)
+    * [cli] [\#1997](https://github.com/cosmos/cosmos-sdk/issues/1997) Handle panics gracefully when `gaiacli stake {delegation,unbond}` fail to unmarshal delegation.
+    * [cli] [\#2265](https://github.com/cosmos/cosmos-sdk/issues/2265) Fix JSON formatting of the `gaiacli send` command.
+    * [cli] [\#2547](https://github.com/cosmos/cosmos-sdk/issues/2547) Mark --to and --amount as required flags for `gaiacli tx send`.
+
+* Gaia
+  * [x/stake] Return correct Tendermint validator update set on `EndBlocker` by not
+  including non previously bonded validators that have zero power. [#2189](https://github.com/cosmos/cosmos-sdk/issues/2189)
+
+* SDK
+    * [\#1988](https://github.com/cosmos/cosmos-sdk/issues/1988) Make us compile on OpenBSD (disable ledger) [#1988] (https://github.com/cosmos/cosmos-sdk/issues/1988)
+    * [\#2105](https://github.com/cosmos/cosmos-sdk/issues/2105) Fix DB Iterator leak, which may leak a go routine.
+    * [ledger] [\#2064](https://github.com/cosmos/cosmos-sdk/issues/2064) Fix inability to sign and send transactions via the LCD by
+    loading a Ledger device at runtime.
+    * [\#2158](https://github.com/cosmos/cosmos-sdk/issues/2158) Fix non-deterministic ordering of validator iteration when slashing in `gov EndBlocker`
+    * [simulation] \#1924 Make simulation stop on SIGTERM
+    * [\#2388](https://github.com/cosmos/cosmos-sdk/issues/2388) Remove dependency on deprecated tendermint/tmlibs repository.
+    * [\#2416](https://github.com/cosmos/cosmos-sdk/issues/2416) Refactored
+    `InitializeTestLCD` to properly include proposing validator in genesis state.
+
 ## 0.24.2
 
 *August 22nd, 2018*
diff --git a/PENDING.md b/PENDING.md
index 58a31f82b7cd..4d87301f0d5b 100644
--- a/PENDING.md
+++ b/PENDING.md
@@ -3,246 +3,50 @@
 BREAKING CHANGES
 
 * Gaia REST API (`gaiacli advanced rest-server`)
-    * [x/stake] Validator.Owner renamed to Validator.Operator
-    * [\#595](https://github.com/cosmos/cosmos-sdk/issues/595) Connections to the REST server are now secured using Transport Layer Security by default. The --insecure flag is provided to switch back to insecure HTTP.
-    * [gaia-lite] [\#2258](https://github.com/cosmos/cosmos-sdk/issues/2258) Split `GET stake/delegators/{delegatorAddr}` into `GET stake/delegators/{delegatorAddr}/delegations`, `GET stake/delegators/{delegatorAddr}/unbonding_delegations` and `GET stake/delegators/{delegatorAddr}/redelegations`
 
 * Gaia CLI  (`gaiacli`)
-    * [x/stake] Validator.Owner renamed to Validator.Operator
-    * [cli] unsafe_reset_all, show_validator, and show_node_id have been renamed to unsafe-reset-all, show-validator, and show-node-id
-    * [cli] [\#1983](https://github.com/cosmos/cosmos-sdk/issues/1983) --print-response now defaults to true in commands that create and send a transaction
-    * [cli] [\#1983](https://github.com/cosmos/cosmos-sdk/issues/1983) you can now pass --pubkey or --address to gaiacli keys show to return a plaintext representation of the key's address or public key for use with other commands
-    * [cli] [\#2061](https://github.com/cosmos/cosmos-sdk/issues/2061) changed proposalID in governance REST endpoints to proposal-id
-    * [cli] [\#2014](https://github.com/cosmos/cosmos-sdk/issues/2014) `gaiacli advanced` no longer exists - to access `ibc`, `rest-server`, and `validator-set` commands use `gaiacli ibc`, `gaiacli rest-server`, and `gaiacli tendermint`, respectively
-    * [makefile] `get_vendor_deps` no longer updates lock file it just updates vendor directory. Use `update_vendor_deps` to update the lock file. [#2152](https://github.com/cosmos/cosmos-sdk/pull/2152)
-    * [cli] [\#2221](https://github.com/cosmos/cosmos-sdk/issues/2221) All commands that
-    utilize a validator's operator address must now use the new Bech32 prefix,
-    `cosmosvaloper`.
-    * [cli] [\#2190](https://github.com/cosmos/cosmos-sdk/issues/2190) `gaiacli init --gen-txs` is now `gaiacli init --with-txs` to reduce confusion
-    * [cli] \#2073 --from can now be either an address or a key name
-    * [cli] [\#1184](https://github.com/cosmos/cosmos-sdk/issues/1184) Subcommands reorganisation, see [\#2390](https://github.com/cosmos/cosmos-sdk/pull/2390) for a comprehensive list of changes.
-    * [cli] [\#2524](https://github.com/cosmos/cosmos-sdk/issues/2524) Add support offline mode to `gaiacli tx sign`. Lookups are not performed if the flag `--offline` is on.
-    * [cli] [\#2570](https://github.com/cosmos/cosmos-sdk/pull/2570) Add commands to query deposits on proposals
 
 * Gaia
-    * Make the transient store key use a distinct store key. [#2013](https://github.com/cosmos/cosmos-sdk/pull/2013)
-    * [x/stake] [\#1901](https://github.com/cosmos/cosmos-sdk/issues/1901) Validator type's Owner field renamed to Operator; Validator's GetOwner() renamed accordingly to comply with the SDK's Validator interface.
-    * [docs] [#2001](https://github.com/cosmos/cosmos-sdk/pull/2001) Update slashing spec for slashing period
-    * [x/stake, x/slashing] [#1305](https://github.com/cosmos/cosmos-sdk/issues/1305) - Rename "revoked" to "jailed"
-    * [x/stake] [#1676] Revoked and jailed validators put into the unbonding state
-    * [x/stake] [#1877] Redelegations/unbonding-delegation from unbonding validator have reduced time
-    * [x/slashing] \#1789 Slashing changes for Tendermint validator set offset (NextValSet)
-    * [x/stake] [\#2040](https://github.com/cosmos/cosmos-sdk/issues/2040) Validator
-    operator type has now changed to `sdk.ValAddress`
-    * [x/stake] [\#2221](https://github.com/cosmos/cosmos-sdk/issues/2221) New
-    Bech32 prefixes have been introduced for a validator's consensus address and
-    public key: `cosmosvalcons` and `cosmosvalconspub` respectively. Also, existing Bech32 prefixes have been
-    renamed for accounts and validator operators:
-      * `cosmosaccaddr` / `cosmosaccpub` => `cosmos` / `cosmospub`
-      * `cosmosvaladdr` / `cosmosvalpub` => `cosmosvaloper` / `cosmosvaloperpub`
-    * [x/stake] [#1013] TendermintUpdates now uses transient store
-    * [x/stake] \#2435 Remove empty bytes from the ValidatorPowerRank store key
-    * [x/gov] [#2195] Governance uses BFT Time
-    * [x/gov] \#2256 Removed slashing for governance non-voting validators
-    * [simulation] \#2162 Added back correct supply invariants
-    * [x/slashing] \#2430 Simulate more slashes, check if validator is jailed before jailing
-    * [x/stake] \#2393 Removed `CompleteUnbonding` and `CompleteRedelegation` Msg types, and instead added unbonding/redelegation queues to endblocker
-    * [x/mock/simulation] \#2501 Simulate transactions & invariants for fee distribution, and fix bugs discovered in the process
-      * [x/auth] Simulate random fee payments
-      * [cmd/gaia/app] Simulate non-zero inflation
-      * [x/stake] Call hooks correctly in several cases related to delegation/validator updates
-      * [x/stake] Check full supply invariants, including yet-to-be-withdrawn fees
-      * [x/stake] Remove no-longer-in-use store key
-      * [x/slashing] Call hooks correctly when a validator is slashed
-      * [x/slashing] Truncate withdrawals (unbonding, redelegation) and burn change
-      * [x/mock/simulation] Ensure the simulation cannot set a proposer address of nil
-      * [x/mock/simulation] Add more event logs on begin block / end block for clarity
-      * [x/mock/simulation] Correctly set validator power in abci.RequestBeginBlock
-      * [x/minting] Correctly call stake keeper to track inflated supply
-      * [x/distribution] Sanity check for nonexistent rewards
-      * [x/distribution] Truncate withdrawals and return change to the community pool
-      * [x/distribution] Add sanity checks for incorrect accum / total accum relations
-      * [x/distribution] Correctly calculate total power using Tendermint updates
-      * [x/distribution] Simulate withdrawal transactions
-      * [x/distribution] Fix a bug where the fee pool was not correctly tracked on WithdrawDelegatorRewardsAll
-    * [x/stake] \#1673 Validators are no longer deleted until they can no longer possibly be slashed
-    * [\#1890](https://github.com/cosmos/cosmos-sdk/issues/1890) Start chain with initial state + sequence of transactions
-      * [cli] Rename `gaiad init gentx` to `gaiad gentx`.
-      * [cli] Add `--skip-genesis` flag to `gaiad init` to prevent `genesis.json` generation.
-      * Drop `GenesisTx` in favor of a signed `StdTx` with only one `MsgCreateValidator` message.
-      * [cli] Port `gaiad init` and `gaiad testnet` to work with `StdTx` genesis transactions.
-      * [cli] Add `--moniker` flag to `gaiad init` to override moniker when generating `genesis.json` - i.e. it takes effect when running with the `--with-txs` flag, it is ignored otherwise.
 
 * SDK
-    * [core] \#2219 Update to Tendermint 0.24.0
-      * Validator set updates delayed by one block
-      * BFT timestamp that can safely be used by applications
-      * Fixed maximum block size enforcement
-    * [core] [\#1807](https://github.com/cosmos/cosmos-sdk/issues/1807) Switch from use of rational to decimal
-    * [types] [\#1901](https://github.com/cosmos/cosmos-sdk/issues/1901) Validator interface's GetOwner() renamed to GetOperator()
-    * [x/slashing] [#2122](https://github.com/cosmos/cosmos-sdk/pull/2122) - Implement slashing period
-    * [types] [\#2119](https://github.com/cosmos/cosmos-sdk/issues/2119) Parsed error messages and ABCI log errors to make     them more human readable.
-    * [types] \#2407 MulInt method added to big decimal in order to improve efficiency of slashing
-    * [simulation] Rename TestAndRunTx to Operation [#2153](https://github.com/cosmos/cosmos-sdk/pull/2153)
-    * [simulation] Remove log and testing.TB from Operation and Invariants, in favor of using errors \#2282
-    * [simulation] Remove usage of keys and addrs in the types, in favor of simulation.Account \#2384
-    * [tools] Removed gocyclo [#2211](https://github.com/cosmos/cosmos-sdk/issues/2211)
-    * [baseapp] Remove `SetTxDecoder` in favor of requiring the decoder be set in baseapp initialization. [#1441](https://github.com/cosmos/cosmos-sdk/issues/1441)
-    * [baseapp] [\#1921](https://github.com/cosmos/cosmos-sdk/issues/1921) Add minimumFees field to BaseApp.
-    * [store] Change storeInfo within the root multistore to use tmhash instead of ripemd160 \#2308
-    * [codec] \#2324 All referrences to wire have been renamed to codec. Additionally, wire.NewCodec is now codec.New().
-    * [types] \#2343 Make sdk.Msg have a names field, to facilitate automatic tagging.
-    * [baseapp] \#2366 Automatically add action tags to all messages
-    * [x/auth] \#2377 auth.StdSignMsg -> txbuilder.StdSignMsg
-    * [x/staking] \#2244 staking now holds a consensus-address-index instead of a consensus-pubkey-index
-    * [x/staking] \#2236 more distribution hooks for distribution
-    * [x/stake] \#2394 Split up UpdateValidator into distinct state transitions applied only in EndBlock
-    * [x/slashing] \#2480 Fix signing info handling bugs & faulty slashing
-    * [x/stake] \#2412 Added an unbonding validator queue to EndBlock to automatically update validator.Status when finished Unbonding
-    * [x/stake] \#2500 Block conflicting redelegations until we add an index
-    * [x/params] Global Paramstore refactored
-    * [types] \#2506 sdk.Dec MarshalJSON now marshals as a normal Decimal, with 10 digits of decimal precision
-    * [x/stake] \#2508 Utilize Tendermint power for validator power key
-    * [x/stake] \#2531 Remove all inflation logic
-    * [x/mint] \#2531 Add minting module and inflation logic
-    * [x/auth] [\#2540](https://github.com/cosmos/cosmos-sdk/issues/2540) Rename `AccountMapper` to `AccountKeeper`.
-    * [types] \#2456 Renamed msg.Name() and msg.Type() to msg.Type() and msg.Route() respectively
 
 * Tendermint
-  * Update tendermint version from v0.23.0 to v0.25.0, notable changes
-    * Mempool now won't build too large blocks, or too computationally expensive blocks
-    * Maximum tx sizes and gas are now removed, and are implicitly the blocks maximums
-    * ABCI validators no longer send the pubkey. The pubkey is only sent in validator updates
-    * Validator set changes are now delayed by one block
-    * Block header now includes the next validator sets hash
-    * BFT time is implemented
-    * Secp256k1 signature format has changed
-    * There is now a threshold multisig format
-    * See the [tendermint changelog](https://github.com/tendermint/tendermint/blob/master/CHANGELOG.md) for other changes.
+
 
 FEATURES
 
 * Gaia REST API (`gaiacli advanced rest-server`)
-  * [gaia-lite] Endpoints to query staking pool and params
-  * [gaia-lite] [\#2110](https://github.com/cosmos/cosmos-sdk/issues/2110) Add support for `simulate=true` requests query argument to endpoints that send txs to run simulations of transactions
-  * [gaia-lite] [\#966](https://github.com/cosmos/cosmos-sdk/issues/966) Add support for `generate_only=true` query argument to generate offline unsigned transactions
-  * [gaia-lite] [\#1953](https://github.com/cosmos/cosmos-sdk/issues/1953) Add /sign endpoint to sign transactions generated with `generate_only=true`.
-  * [gaia-lite] [\#1954](https://github.com/cosmos/cosmos-sdk/issues/1954) Add /broadcast endpoint to broadcast transactions signed by the /sign endpoint.
-  * [gaia-lite] [\#2113](https://github.com/cosmos/cosmos-sdk/issues/2113) Rename `/accounts/{address}/send` to `/bank/accounts/{address}/transfers`, rename `/accounts/{address}` to `/auth/accounts/{address}`, replace `proposal-id` with `proposalId` in all gov endpoints
-  * [gaia-lite] [\#2478](https://github.com/cosmos/cosmos-sdk/issues/2478) Add query gov proposal's deposits endpoint
-  * [gaia-lite] [\#2477](https://github.com/cosmos/cosmos-sdk/issues/2477) Add query validator's outgoing redelegations and unbonding delegations endpoints
 
 * Gaia CLI  (`gaiacli`)
-  * [cli] Cmds to query staking pool and params
-  * [gov][cli] #2062 added `--proposal` flag to `submit-proposal` that allows a JSON file containing a proposal to be passed in
-  * [\#2040](https://github.com/cosmos/cosmos-sdk/issues/2040) Add `--bech` to `gaiacli keys show` and respective REST endpoint to
-  provide desired Bech32 prefix encoding
-  * [cli] [\#2047](https://github.com/cosmos/cosmos-sdk/issues/2047) [\#2306](https://github.com/cosmos/cosmos-sdk/pull/2306) Passing --gas=simulate triggers a simulation of the tx before the actual execution.
-  The gas estimate obtained via the simulation will be used as gas limit in the actual execution.
-  * [cli] [\#2047](https://github.com/cosmos/cosmos-sdk/issues/2047) The --gas-adjustment flag can be used to adjust the estimate obtained via the simulation triggered by --gas=simulate.
-  * [cli] [\#2110](https://github.com/cosmos/cosmos-sdk/issues/2110) Add --dry-run flag to perform a simulation of a transaction without broadcasting it. The --gas flag is ignored as gas would be automatically estimated.
-  * [cli] [\#2204](https://github.com/cosmos/cosmos-sdk/issues/2204) Support generating and broadcasting messages with multiple signatures via command line:
-    * [\#966](https://github.com/cosmos/cosmos-sdk/issues/966) Add --generate-only flag to build an unsigned transaction and write it to STDOUT.
-    * [\#1953](https://github.com/cosmos/cosmos-sdk/issues/1953) New `sign` command to sign transactions generated with the --generate-only flag.
-    * [\#1954](https://github.com/cosmos/cosmos-sdk/issues/1954) New `broadcast` command to broadcast transactions generated offline and signed with the `sign` command.
-  * [cli] \#2220 Add `gaiacli config` feature to interactively create CLI config files to reduce the number of required flags
-  * [stake][cli] [\#1672](https://github.com/cosmos/cosmos-sdk/issues/1672) Introduced
-  new commission flags for validator commands `create-validator` and `edit-validator`.
-  * [stake][cli] [\#1890](https://github.com/cosmos/cosmos-sdk/issues/1890) Add `--genesis-format` flag to `gaiacli tx create-validator` to produce transactions in genesis-friendly format.
-  * [cli][\#2554](https://github.com/cosmos/cosmos-sdk/issues/2554) Make `gaiacli keys show` multisig ready.
 
 * Gaia
-  * [cli] #2170 added ability to show the node's address via `gaiad tendermint show-address`
-  * [simulation] #2313 Reworked `make test_sim_gaia_slow` to `make test_sim_gaia_full`, now simulates from multiple starting seeds in parallel
-  * [cli] [\#1921] (https://github.com/cosmos/cosmos-sdk/issues/1921)
-    * New configuration file `gaiad.toml` is now created to host Gaia-specific configuration.
-    * New --minimum_fees/minimum_fees flag/config option to set a minimum fee.
 
 * SDK
-  * [querier] added custom querier functionality, so ABCI query requests can be handled by keepers
-  * [simulation] [\#1924](https://github.com/cosmos/cosmos-sdk/issues/1924) allow operations to specify future operations
-  * [simulation] [\#1924](https://github.com/cosmos/cosmos-sdk/issues/1924) Add benchmarking capabilities, with makefile commands "test_sim_gaia_benchmark, test_sim_gaia_profile"
-  * [simulation] [\#2349](https://github.com/cosmos/cosmos-sdk/issues/2349) Add time-based future scheduled operations to simulator
-  * [x/auth] \#2376 Remove FeePayer() from StdTx
-  * [x/stake] [\#1672](https://github.com/cosmos/cosmos-sdk/issues/1672) Implement
-  basis for the validator commission model.
-  * [x/auth] Support account removal in the account mapper.
 
 * Tendermint
 
 
 IMPROVEMENTS
-* [tools] Improved terraform and ansible scripts for infrastructure deployment
-* [tools] Added ansible script to enable process core dumps
 
 * Gaia REST API (`gaiacli advanced rest-server`)
-    * [x/stake] [\#2000](https://github.com/cosmos/cosmos-sdk/issues/2000) Added tests for new staking endpoints
-    * [gaia-lite] [\#2445](https://github.com/cosmos/cosmos-sdk/issues/2445) Standarized REST error responses
-    * [gaia-lite] Added example to Swagger specification for /keys/seed.
-    * [x/stake] Refactor REST utils
 
 * Gaia CLI  (`gaiacli`)
-    * [cli] #2060 removed `--select` from `block` command
-    * [cli] #2128 fixed segfault when exporting directly after `gaiad init`
-    * [cli] [\#1255](https://github.com/cosmos/cosmos-sdk/issues/1255) open KeyBase in read-only mode
-     for query-purpose CLI commands
 
 * Gaia
-    * [x/stake] [#2023](https://github.com/cosmos/cosmos-sdk/pull/2023) Terminate iteration loop in `UpdateBondedValidators` and `UpdateBondedValidatorsFull` when the first revoked validator is encountered and perform a sanity check.
-    * [x/auth] Signature verification's gas cost now accounts for pubkey type. [#2046](https://github.com/tendermint/tendermint/pull/2046)
-    * [x/stake] [x/slashing] Ensure delegation invariants to jailed validators [#1883](https://github.com/cosmos/cosmos-sdk/issues/1883).
-    * [x/stake] Improve speed of GetValidator, which was shown to be a performance bottleneck. [#2046](https://github.com/tendermint/tendermint/pull/2200)
-    * [x/stake] \#2435 Improve memory efficiency of getting the various store keys
-    * [genesis] \#2229 Ensure that there are no duplicate accounts or validators in the genesis state.
-    * [genesis] \#2450 Validate staking genesis parameters.
-    * Add SDK validation to `config.toml` (namely disabling `create_empty_blocks`) \#1571
-    * \#1941(https://github.com/cosmos/cosmos-sdk/issues/1941) Version is now inferred via `git describe --tags`.
-    * [x/distribution] \#1671 add distribution types and tests
 
 * SDK
-    * [tools] Make get_vendor_deps deletes `.vendor-new` directories, in case scratch files are present.
-    * [spec] Added simple piggy bank distribution spec
-    * [cli] [\#1632](https://github.com/cosmos/cosmos-sdk/issues/1632) Add integration tests to ensure `basecoind init && basecoind` start sequences run successfully for both `democoin` and `basecoin` examples.
-    * [store] Speedup IAVL iteration, and consequently everything that requires IAVL iteration. [#2143](https://github.com/cosmos/cosmos-sdk/issues/2143)
-    * [store] \#1952, \#2281 Update IAVL dependency to v0.11.0
-    * [simulation] Make timestamps randomized [#2153](https://github.com/cosmos/cosmos-sdk/pull/2153)
-    * [simulation] Make logs not just pure strings, speeding it up by a large factor at greater block heights \#2282
-    * [simulation] Add a concept of weighting the operations \#2303
-    * [simulation] Logs get written to file if large, and also get printed on panics \#2285
-    * [simulation] Bank simulations now makes testing auth configurable \#2425
-    * [gaiad] \#1992 Add optional flag to `gaiad testnet` to make config directory of daemon (default `gaiad`) and cli (default `gaiacli`) configurable
-    * [x/stake] Add stake `Queriers` for Gaia-lite endpoints. This increases the staking endpoints performance by reusing the staking `keeper` logic for queries. [#2249](https://github.com/cosmos/cosmos-sdk/pull/2149)
-    * [store] [\#2017](https://github.com/cosmos/cosmos-sdk/issues/2017) Refactor
-    gas iterator gas consumption to only consume gas for iterator creation and `Next`
-    calls which includes dynamic consumption of value length.
-    * [types/decimal] \#2378 - Added truncate functionality to decimal
-    * [client] [\#1184](https://github.com/cosmos/cosmos-sdk/issues/1184) Remove unused `client/tx/sign.go`.
-    * [tools] \#2464 Lock binary dependencies to a specific version
 
 * Tendermint
 
+
 BUG FIXES
 
 * Gaia REST API (`gaiacli advanced rest-server`)
 
 * Gaia CLI  (`gaiacli`)
-    * [cli] [\#1997](https://github.com/cosmos/cosmos-sdk/issues/1997) Handle panics gracefully when `gaiacli stake {delegation,unbond}` fail to unmarshal delegation.
-    * [cli] [\#2265](https://github.com/cosmos/cosmos-sdk/issues/2265) Fix JSON formatting of the `gaiacli send` command.
-    * [cli] [\#2547](https://github.com/cosmos/cosmos-sdk/issues/2547) Mark --to and --amount as required flags for `gaiacli tx send`.
 
 * Gaia
-  * [x/stake] Return correct Tendermint validator update set on `EndBlocker` by not
-  including non previously bonded validators that have zero power. [#2189](https://github.com/cosmos/cosmos-sdk/issues/2189)
 
 * SDK
-    * [\#1988](https://github.com/cosmos/cosmos-sdk/issues/1988) Make us compile on OpenBSD (disable ledger) [#1988] (https://github.com/cosmos/cosmos-sdk/issues/1988)
-    * [\#2105](https://github.com/cosmos/cosmos-sdk/issues/2105) Fix DB Iterator leak, which may leak a go routine.
-    * [ledger] [\#2064](https://github.com/cosmos/cosmos-sdk/issues/2064) Fix inability to sign and send transactions via the LCD by
-    loading a Ledger device at runtime.
-    * [\#2158](https://github.com/cosmos/cosmos-sdk/issues/2158) Fix non-deterministic ordering of validator iteration when slashing in `gov EndBlocker`
-    * [simulation] \#1924 Make simulation stop on SIGTERM
-    * [\#2388](https://github.com/cosmos/cosmos-sdk/issues/2388) Remove dependency on deprecated tendermint/tmlibs repository.
-    * [\#2416](https://github.com/cosmos/cosmos-sdk/issues/2416) Refactored
-    `InitializeTestLCD` to properly include proposing validator in genesis state.
 
 * Tendermint