diff --git a/protocol/x/vault/types/genesis.go b/protocol/x/vault/types/genesis.go
index 88bed0f395..90cc1b2209 100644
--- a/protocol/x/vault/types/genesis.go
+++ b/protocol/x/vault/types/genesis.go
@@ -4,6 +4,7 @@ package types
 func DefaultGenesis() *GenesisState {
 	return &GenesisState{
 		DefaultQuotingParams: DefaultQuotingParams(),
+		OperatorParams:       DefaultOperatorParams(),
 	}
 }
 
diff --git a/protocol/x/vault/types/params.go b/protocol/x/vault/types/params.go
index a8e1963e8e..4236d981d1 100644
--- a/protocol/x/vault/types/params.go
+++ b/protocol/x/vault/types/params.go
@@ -4,6 +4,7 @@ import (
 	"math"
 
 	"github.com/dydxprotocol/v4-chain/protocol/dtypes"
+	"github.com/dydxprotocol/v4-chain/protocol/lib"
 )
 
 // DefaultQuotingParams returns a default set of `x/vault` parameters.
@@ -70,3 +71,10 @@ func (o OperatorParams) Validate() error {
 
 	return nil
 }
+
+// DefaultOperatorParams returns a default set of `x/vault` operator parameters.
+func DefaultOperatorParams() OperatorParams {
+	return OperatorParams{
+		Operator: lib.GovModuleAddress.String(),
+	}
+}