diff --git a/Cargo.lock b/Cargo.lock
index 316ea59fb5..eac2aab068 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2491,7 +2491,7 @@ dependencies = [
 [[package]]
 name = "snarkvm"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "snarkvm-algorithms",
  "snarkvm-dpc",
@@ -2501,7 +2501,7 @@ dependencies = [
 [[package]]
 name = "snarkvm-algorithms"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "anyhow",
  "blake2",
@@ -2512,6 +2512,7 @@ dependencies = [
  "hex",
  "itertools",
  "lazy_static",
+ "num_cpus",
  "once_cell",
  "rand",
  "rand_chacha",
@@ -2531,7 +2532,7 @@ dependencies = [
 [[package]]
 name = "snarkvm-curves"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "derivative",
  "rand",
@@ -2545,7 +2546,7 @@ dependencies = [
 [[package]]
 name = "snarkvm-derives"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "proc-macro-crate",
  "proc-macro-error",
@@ -2557,7 +2558,7 @@ dependencies = [
 [[package]]
 name = "snarkvm-dpc"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "anyhow",
  "base58",
@@ -2589,11 +2590,12 @@ dependencies = [
 [[package]]
 name = "snarkvm-fields"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "anyhow",
  "derivative",
  "rand",
+ "rayon",
  "serde",
  "snarkvm-utilities",
  "thiserror",
@@ -2602,7 +2604,7 @@ dependencies = [
 [[package]]
 name = "snarkvm-gadgets"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "anyhow",
  "derivative",
@@ -2622,7 +2624,7 @@ dependencies = [
 [[package]]
 name = "snarkvm-marlin"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "bincode",
  "blake2",
@@ -2648,7 +2650,7 @@ dependencies = [
 [[package]]
 name = "snarkvm-parameters"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "aleo-std",
  "anyhow",
@@ -2665,12 +2667,15 @@ dependencies = [
 [[package]]
 name = "snarkvm-polycommit"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "derivative",
  "digest 0.9.0",
  "hashbrown",
+ "itertools",
+ "rand",
  "rand_core",
+ "rayon",
  "snarkvm-algorithms",
  "snarkvm-curves",
  "snarkvm-fields",
@@ -2683,12 +2688,12 @@ dependencies = [
 [[package]]
 name = "snarkvm-profiler"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 
 [[package]]
 name = "snarkvm-r1cs"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
  "anyhow",
  "cfg-if 1.0.0",
@@ -2704,12 +2709,16 @@ dependencies = [
 [[package]]
 name = "snarkvm-utilities"
 version = "0.7.5"
-source = "git+https://github.com/AleoHQ/snarkVM.git?rev=48c59e9#48c59e96aa8ba856f48ff0ea62362c2398587f5b"
+source = "git+https://github.com/AleoHQ/snarkVM.git?rev=fbfaa3a#fbfaa3aba3179a4b0f6e6e1ad85b0117086c5849"
 dependencies = [
+ "aleo-std",
  "anyhow",
  "bincode",
+ "itertools",
  "num-bigint",
+ "num_cpus",
  "rand",
+ "rayon",
  "serde",
  "snarkvm-derives",
  "thiserror",
diff --git a/Cargo.toml b/Cargo.toml
index c8f06baebd..29afec6253 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -26,7 +26,7 @@ prometheus = ["snarkos-metrics"]
 test = []
 
 [dependencies]
-snarkvm = { git = "https://github.com/AleoHQ/snarkVM.git", rev = "48c59e9" }
+snarkvm = { git = "https://github.com/AleoHQ/snarkVM.git", rev = "fbfaa3a" }
 #snarkvm = { path = "../snarkVM" }
 
 bytes = "1.0.0"
diff --git a/src/rpc/rpc.rs b/src/rpc/rpc.rs
index 0946a593bd..2672eac233 100644
--- a/src/rpc/rpc.rs
+++ b/src/rpc/rpc.rs
@@ -1109,7 +1109,12 @@ mod tests {
         assert_eq!(1, ledger_state.latest_block_height());
 
         // Get the record commitment.
-        let decrypted_records = block_1.transactions().first().unwrap().to_decrypted_records(account.view_key());
+        let decrypted_records = block_1
+            .transactions()
+            .first()
+            .unwrap()
+            .to_decrypted_records(&account.view_key().into())
+            .collect::<Vec<_>>();
         assert!(!decrypted_records.is_empty());
         let record_commitment = decrypted_records[0].commitment();
 
diff --git a/storage/Cargo.toml b/storage/Cargo.toml
index 8b99b5ab91..199cc7c78e 100644
--- a/storage/Cargo.toml
+++ b/storage/Cargo.toml
@@ -21,7 +21,7 @@ name = "lookups"
 harness = false
 
 [dependencies]
-snarkvm = { git = "https://github.com/AleoHQ/snarkVM.git", rev = "48c59e9" }
+snarkvm = { git = "https://github.com/AleoHQ/snarkVM.git", rev = "fbfaa3a" }
 #snarkvm = { path = "../../snarkVM" }
 
 [dependencies.anyhow]
diff --git a/storage/src/state/tests.rs b/storage/src/state/tests.rs
index 78c4e9adb1..48572b254b 100644
--- a/storage/src/state/tests.rs
+++ b/storage/src/state/tests.rs
@@ -300,7 +300,7 @@ fn test_transaction_fees() {
     let available_balance = AleoAmount::from_i64(-1 * coinbase_transaction.value_balance().0);
     let fee = AleoAmount::from_i64(rng.gen_range(1..available_balance.0));
     let amount = available_balance.sub(fee.clone());
-    let coinbase_record = coinbase_transaction.to_decrypted_records(view_key);
+    let coinbase_record = coinbase_transaction.to_decrypted_records(&view_key.into()).collect::<Vec<_>>();
 
     let ledger_proof = ledger.get_ledger_inclusion_proof(coinbase_record[0].commitment()).unwrap();
 
@@ -337,8 +337,10 @@ fn test_transaction_fees() {
     assert_eq!(2, ledger.latest_block_height());
 
     let expected_block_reward = Block::<Testnet2>::block_reward(2).add(fee);
-    let output_record = &block_2.transactions()[0].to_decrypted_records(recipient_view_key)[0];
-    let new_coinbase_record = &block_2.transactions()[1].to_decrypted_records(view_key)[0];
+    let output_record = &block_2.transactions()[0]
+        .to_decrypted_records(&recipient_view_key.into())
+        .collect::<Vec<_>>()[0];
+    let new_coinbase_record = &block_2.transactions()[1].to_decrypted_records(&view_key.into()).collect::<Vec<_>>()[0];
 
     // Check that the output record balances are correct.
     assert_eq!(new_coinbase_record.value(), expected_block_reward);
diff --git a/testing/Cargo.toml b/testing/Cargo.toml
index 9c0e0390f4..678ee8ea3a 100644
--- a/testing/Cargo.toml
+++ b/testing/Cargo.toml
@@ -25,7 +25,7 @@ path = "../storage"
 
 [dependencies.snarkvm]
 git = "https://github.com/AleoHQ/snarkVM.git"
-rev = "48c59e9"
+rev = "fbfaa3a"
 #path = "../../snarkVM"
 
 [dependencies.anyhow]