diff --git a/e2e/go.sum b/e2e/go.sum
index b715a731..37fc83cf 100644
--- a/e2e/go.sum
+++ b/e2e/go.sum
@@ -1091,6 +1091,7 @@ github.com/modern-go/reflect2 v1.0.1/go.mod h1:bx2lNnkwVCuqBIxFjflWJWanXIb3Rllmb
 github.com/modern-go/reflect2 v1.0.2 h1:xBagoLtFs94CBntxluKeaWgTMpvLxC4ur3nMaC9Gz0M=
 github.com/modern-go/reflect2 v1.0.2/go.mod h1:yWuevngMOJpCy52FWWMvUC8ws7m/LJsjYzDa0/r8luk=
 github.com/monerium/module-noble/v2 v2.0.0 h1:VZJnM+9yEKaGkvyfgeeQx2QIQusZkxOsL8mZiUHEiaQ=
+github.com/monerium/module-noble/v2 v2.0.0/go.mod h1:Zdc3bwH628QVNcyNu6F6C3znA+Uxk+EnuSUUNYJJKlY=
 github.com/moricho/tparallel v0.3.2 h1:odr8aZVFA3NZrNybggMkYO3rgPRcqjeQUlBBFVxKHTI=
 github.com/moricho/tparallel v0.3.2/go.mod h1:OQ+K3b4Ln3l2TZveGCywybl68glfLEwFGqvnjok8b+U=
 github.com/morikuni/aec v1.0.0 h1:nP9CBfwrvYnBRgY6qfDQkygYDmYwOilePFkwzv4dU8A=
diff --git a/go.mod b/go.mod
index 122273a3..a845bd1c 100644
--- a/go.mod
+++ b/go.mod
@@ -8,7 +8,6 @@ require (
 	cosmossdk.io/depinject v1.0.0
 	cosmossdk.io/errors v1.0.1
 	cosmossdk.io/log v1.4.1
-	cosmossdk.io/math v1.3.0
 	cosmossdk.io/store v1.1.1
 	cosmossdk.io/tools/confix v0.1.2
 	cosmossdk.io/x/evidence v0.1.1
@@ -46,6 +45,7 @@ require (
 	cloud.google.com/go/storage v1.43.0 // indirect
 	cosmossdk.io/api v0.7.5 // indirect
 	cosmossdk.io/collections v0.4.0 // indirect
+	cosmossdk.io/math v1.3.0 // indirect
 	cosmossdk.io/x/tx v0.13.5 // indirect
 	filippo.io/edwards25519 v1.1.0 // indirect
 	github.com/4meepo/tagalign v1.3.4 // indirect
diff --git a/upgrade/upgrade.go b/upgrade/upgrade.go
index 5383332e..eeaaaf3a 100644
--- a/upgrade/upgrade.go
+++ b/upgrade/upgrade.go
@@ -21,7 +21,6 @@ import (
 
 	"cosmossdk.io/errors"
 	"cosmossdk.io/log"
-	"cosmossdk.io/math"
 	storetypes "cosmossdk.io/store/types"
 	upgradetypes "cosmossdk.io/x/upgrade/types"
 	"github.com/cosmos/cosmos-sdk/baseapp"
@@ -184,12 +183,6 @@ func CreateUpgradeHandler(
 		// Migrate validator accounts to permanently locked vesting.
 		MigrateValidatorAccounts(ctx, accountKeeper, stakingKeeper)
 
-		// Safely burn surplus staking token supply.
-		err = BurnSurplusSupply(ctx, authority, accountKeeper, bankKeeper)
-		if err != nil {
-			return vm, err
-		}
-
 		logger.Info(UpgradeASCII)
 		return vm, nil
 	}
@@ -231,30 +224,6 @@ func MigrateValidatorAccounts(ctx context.Context, accountKeeper authkeeper.Acco
 	}
 }
 
-// BurnSurplusSupply performs a burn of the surplus $STAKE supply.
-func BurnSurplusSupply(ctx context.Context, authority string, accountKeeper authkeeper.AccountKeeper, bankKeeper bankkeeper.Keeper) error {
-	supply := bankKeeper.GetSupply(ctx, "ustake")
-	surplus, err := supply.SafeSub(sdk.NewCoin(
-		"ustake", math.NewInt(1_000_000_000_000_000),
-	))
-
-	if err != nil || !surplus.IsPositive() {
-		return nil
-	}
-
-	address, err := accountKeeper.AddressCodec().StringToBytes(authority)
-	if err != nil {
-		return err
-	}
-	err = bankKeeper.SendCoinsFromAccountToModule(ctx, address, upgradetypes.ModuleName, sdk.NewCoins(surplus))
-	if err != nil {
-		return err
-	}
-
-	err = bankKeeper.BurnCoins(ctx, upgradetypes.ModuleName, sdk.NewCoins(surplus))
-	return err
-}
-
 // GetModuleMessages is a utility that returns all messages registered by a module.
 func GetModuleMessages(registry codectypes.InterfaceRegistry, name string) (messages []string) {
 	for _, message := range registry.ListImplementations(sdk.MsgInterfaceProtoName) {