diff --git a/specs/src/parameters_v3.md b/specs/src/parameters_v3.md
index 491e4834c1..860cdb286f 100644
--- a/specs/src/parameters_v3.md
+++ b/specs/src/parameters_v3.md
@@ -32,7 +32,7 @@ hardcoded in the application or they are blocked by the `x/paramfilter` module.
 | consensus.evidence.MaxAgeNumBlocks            | 120960                                      | The maximum number of blocks before evidence is considered invalid. This value will stop CometBFT from pruning block data.          | True                      |
 | consensus.evidence.MaxBytes                   | 1MiB                                        | Maximum size in bytes used by evidence in a given block.                                                                            | True                      |
 | consensus.validator.PubKeyTypes               | Ed25519                                     | The type of public key used by validators.                                                                                          | False                     |
-| consensus.Version.AppVersion                  | 2                                           | Determines protocol rules used for a given height. Incremented by the application upon an upgrade.                                  | True                      |
+| consensus.Version.AppVersion                  | 3                                           | Determines protocol rules used for a given height. Incremented by the application upon an upgrade.                                  | True                      |
 | distribution.BaseProposerReward               | 0                                           | Reward in the mint denomination for proposing a block.                                                                              | True                      |
 | distribution.BonusProposerReward              | 0                                           | Extra reward in the mint denomination for proposers based on the voting power included in the commit.                               | True                      |
 | distribution.CommunityTax                     | 0.02 (2%)                                   | Percentage of the inflation sent to the community pool.                                                                             | True                      |