diff --git a/Dockerfile b/Dockerfile
index 3968a6ee1..2a1e74c62 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -15,8 +15,8 @@ WORKDIR /code
 COPY . /code/
 
 # See https://github.com/CosmWasm/wasmvm/releases
-ADD https://github.com/CosmWasm/wasmvm/releases/download/v0.16.0/libwasmvm_muslc.a /lib/libwasmvm_muslc.a
-RUN sha256sum /lib/libwasmvm_muslc.a | grep ef294a7a53c8d0aa6a8da4b10e94fb9f053f9decf160540d6c7594734bc35cd6
+ADD https://github.com/CosmWasm/wasmvm/releases/download/v0.16.1/libwasmvm_muslc.a /lib/libwasmvm_muslc.a
+RUN sha256sum /lib/libwasmvm_muslc.a | grep 0e62296b9f24cf3a05f8513f99cee536c7087079855ea6ffb4f89b35eccdaa66
 
 # force it to use static lib (from above) not standard libgo_cosmwasm.so file
 RUN LEDGER_ENABLED=false BUILD_TAGS=muslc make build
diff --git a/shared.Dockerfile b/shared.Dockerfile
index f805b7bbf..21b209198 100644
--- a/shared.Dockerfile
+++ b/shared.Dockerfile
@@ -1,4 +1,4 @@
-FROM golang:1.15-buster AS go-builder
+FROM golang:1.16-buster AS go-builder
 
 # Install minimum necessary dependencies, build Cosmos SDK, remove packages
 RUN apt update
diff --git a/x/oracle/abci.go b/x/oracle/abci.go
index c973ccbe6..de3caa58f 100644
--- a/x/oracle/abci.go
+++ b/x/oracle/abci.go
@@ -98,7 +98,13 @@ func EndBlocker(ctx sdk.Context, k keeper.Keeper) {
 		}
 
 		// Distribute rewards to ballot winners
-		k.RewardBallotWinners(ctx, validatorClaimMap)
+		k.RewardBallotWinners(
+			ctx,
+			(int64)(params.VotePeriod),
+			(int64)(params.RewardDistributionWindow),
+			voteTargets,
+			validatorClaimMap,
+		)
 
 		// Clear the ballot
 		k.ClearBallots(ctx, params.VotePeriod)
diff --git a/x/oracle/keeper/alias_functions.go b/x/oracle/keeper/alias_functions.go
index c8abad685..198e5fadd 100644
--- a/x/oracle/keeper/alias_functions.go
+++ b/x/oracle/keeper/alias_functions.go
@@ -13,7 +13,13 @@ func (k Keeper) GetOracleAccount(ctx sdk.Context) authtypes.ModuleAccountI {
 }
 
 // GetRewardPool retrieves the balance of the oracle module account
-func (k Keeper) GetRewardPool(ctx sdk.Context) sdk.Coins {
+func (k Keeper) GetRewardPool(ctx sdk.Context, denom string) sdk.Coin {
+	acc := k.accountKeeper.GetModuleAccount(ctx, types.ModuleName)
+	return k.bankKeeper.GetBalance(ctx, acc.GetAddress(), denom)
+}
+
+// GetRewardPool retrieves the balance of the oracle module account
+func (k Keeper) GetRewardPoolLegacy(ctx sdk.Context) sdk.Coins {
 	acc := k.accountKeeper.GetModuleAccount(ctx, types.ModuleName)
 	return k.bankKeeper.GetAllBalances(ctx, acc.GetAddress())
 }
diff --git a/x/oracle/keeper/keeper_test.go b/x/oracle/keeper/keeper_test.go
index 6360461c9..443f5648c 100644
--- a/x/oracle/keeper/keeper_test.go
+++ b/x/oracle/keeper/keeper_test.go
@@ -97,8 +97,8 @@ func TestRewardPool(t *testing.T) {
 		panic(err) // never occurs
 	}
 
-	KFees := input.OracleKeeper.GetRewardPool(input.Ctx)
-	require.Equal(t, fees, KFees)
+	KFees := input.OracleKeeper.GetRewardPool(input.Ctx, core.MicroSDRDenom)
+	require.Equal(t, fees[0], KFees)
 }
 
 func TestParams(t *testing.T) {
diff --git a/x/oracle/keeper/reward.go b/x/oracle/keeper/reward.go
index 8c0c55699..037715f39 100644
--- a/x/oracle/keeper/reward.go
+++ b/x/oracle/keeper/reward.go
@@ -12,7 +12,88 @@ import (
 // RewardBallotWinners implements
 // at the end of every VotePeriod, we give out portion of seigniorage reward(reward-weight) to the
 // oracle voters that voted faithfully.
-func (k Keeper) RewardBallotWinners(ctx sdk.Context, ballotWinners map[string]types.Claim) {
+func (k Keeper) RewardBallotWinners(
+	ctx sdk.Context,
+	votePeriod int64,
+	rewardDistributionWindow int64,
+	voteTargets map[string]sdk.Dec,
+	ballotWinners map[string]types.Claim,
+) {
+	// softfork for reward distribution
+	if (ctx.ChainID() == "columbus-5" && ctx.BlockHeight() < int64(5_100_000)) ||
+		(ctx.ChainID() == "bombay-12" && ctx.BlockHeight() < int64(6_200_000)) {
+		k.RewardBallotWinnersLegacy(ctx, votePeriod, rewardDistributionWindow, ballotWinners)
+		return
+	}
+
+	rewardDenoms := make([]string, len(voteTargets)+1)
+	rewardDenoms[0] = core.MicroLunaDenom
+
+	i := 1
+	for denom := range voteTargets {
+		rewardDenoms[i] = denom
+		i++
+	}
+
+	// Sum weight of the claims
+	ballotPowerSum := int64(0)
+	for _, winner := range ballotWinners {
+		ballotPowerSum += winner.Weight
+	}
+
+	// Exit if the ballot is empty
+	if ballotPowerSum == 0 {
+		return
+	}
+
+	distributionRatio := sdk.NewDec(votePeriod).QuoInt64(rewardDistributionWindow)
+
+	var periodRewards sdk.DecCoins
+	for _, denom := range rewardDenoms {
+		rewardPool := k.GetRewardPool(ctx, denom)
+
+		// return if there's no rewards to give out
+		if rewardPool.IsZero() {
+			continue
+		}
+
+		periodRewards = periodRewards.Add(sdk.NewDecCoinFromDec(
+			denom,
+			sdk.NewDecFromInt(rewardPool.Amount).Mul(distributionRatio),
+		))
+	}
+
+	// Dole out rewards
+	var distributedReward sdk.Coins
+	for _, winner := range ballotWinners {
+		receiverVal := k.StakingKeeper.Validator(ctx, winner.Recipient)
+
+		// Reflects contribution
+		rewardCoins, _ := periodRewards.MulDec(sdk.NewDec(winner.Weight).QuoInt64(ballotPowerSum)).TruncateDecimal()
+
+		// In case absence of the validator, we just skip distribution
+		if receiverVal != nil && !rewardCoins.IsZero() {
+			k.distrKeeper.AllocateTokensToValidator(ctx, receiverVal, sdk.NewDecCoinsFromCoins(rewardCoins...))
+			distributedReward = distributedReward.Add(rewardCoins...)
+		}
+	}
+
+	// Move distributed reward to distribution module
+	err := k.bankKeeper.SendCoinsFromModuleToModule(ctx, types.ModuleName, k.distrName, distributedReward)
+	if err != nil {
+		panic(fmt.Sprintf("[oracle] Failed to send coins to distribution module %s", err.Error()))
+	}
+
+}
+
+// RewardBallotWinnersLegacy implements
+// at the end of every VotePeriod, we give out portion of seigniorage reward(reward-weight) to the
+// oracle voters that voted faithfully.
+func (k Keeper) RewardBallotWinnersLegacy(
+	ctx sdk.Context,
+	votePeriod int64,
+	rewardDistributionWindow int64,
+	ballotWinners map[string]types.Claim) {
 	// Sum weight of the claims
 	ballotPowerSum := int64(0)
 	for _, winner := range ballotWinners {
@@ -24,7 +105,7 @@ func (k Keeper) RewardBallotWinners(ctx sdk.Context, ballotWinners map[string]ty
 		return
 	}
 
-	rewardPool := k.GetRewardPool(ctx)
+	rewardPool := k.GetRewardPoolLegacy(ctx)
 
 	// return if there's no rewards to give out
 	if rewardPool.IsZero() {
@@ -33,7 +114,7 @@ func (k Keeper) RewardBallotWinners(ctx sdk.Context, ballotWinners map[string]ty
 
 	// rewardCoin  = oraclePool * VotePeriod / RewardDistributionWindow
 	periodRewards := sdk.NewDecFromInt(rewardPool.AmountOf(core.MicroLunaDenom)).
-		MulInt64((int64)(k.VotePeriod(ctx))).QuoInt64((int64)(k.RewardDistributionWindow(ctx)))
+		MulInt64(votePeriod).QuoInt64(rewardDistributionWindow)
 
 	// Dole out rewards
 	var distributedReward sdk.Coins
diff --git a/x/oracle/keeper/reward_test.go b/x/oracle/keeper/reward_test.go
index 60941e31b..1df323e66 100644
--- a/x/oracle/keeper/reward_test.go
+++ b/x/oracle/keeper/reward_test.go
@@ -49,22 +49,32 @@ func TestRewardBallotWinners(t *testing.T) {
 	}
 
 	// Prepare reward pool
-	givingAmt := sdk.NewCoins(sdk.NewInt64Coin(core.MicroLunaDenom, 30000000))
+	givingAmt := sdk.NewCoins(sdk.NewInt64Coin(core.MicroLunaDenom, 30000000), sdk.NewInt64Coin(core.MicroUSDDenom, 40000000))
 	acc := input.AccountKeeper.GetModuleAccount(ctx, types.ModuleName)
 	err = FundAccount(input, acc.GetAddress(), givingAmt)
 	require.NoError(t, err)
 
+	voteTargets := make(map[string]sdk.Dec)
+	input.OracleKeeper.IterateTobinTaxes(ctx, func(denom string, tobinTax sdk.Dec) bool {
+		voteTargets[denom] = tobinTax
+		return false
+	})
+
 	votePeriodsPerWindow := sdk.NewDec((int64)(input.OracleKeeper.RewardDistributionWindow(input.Ctx))).
 		QuoInt64((int64)(input.OracleKeeper.VotePeriod(input.Ctx))).
 		TruncateInt64()
-	input.OracleKeeper.RewardBallotWinners(ctx, claims)
+	input.OracleKeeper.RewardBallotWinners(ctx, (int64)(input.OracleKeeper.VotePeriod(input.Ctx)), (int64)(input.OracleKeeper.RewardDistributionWindow(input.Ctx)), voteTargets, claims)
 	outstandingRewardsDec := input.DistrKeeper.GetValidatorOutstandingRewardsCoins(ctx, addr)
 	outstandingRewards, _ := outstandingRewardsDec.TruncateDecimal()
 	require.Equal(t, sdk.NewDecFromInt(givingAmt.AmountOf(core.MicroLunaDenom)).QuoInt64(votePeriodsPerWindow).QuoInt64(3).TruncateInt(),
 		outstandingRewards.AmountOf(core.MicroLunaDenom))
+	require.Equal(t, sdk.NewDecFromInt(givingAmt.AmountOf(core.MicroUSDDenom)).QuoInt64(votePeriodsPerWindow).QuoInt64(3).TruncateInt(),
+		outstandingRewards.AmountOf(core.MicroUSDDenom))
 
 	outstandingRewardsDec1 := input.DistrKeeper.GetValidatorOutstandingRewardsCoins(ctx, addr1)
 	outstandingRewards1, _ := outstandingRewardsDec1.TruncateDecimal()
 	require.Equal(t, sdk.NewDecFromInt(givingAmt.AmountOf(core.MicroLunaDenom)).QuoInt64(votePeriodsPerWindow).QuoInt64(3).MulInt64(2).TruncateInt(),
 		outstandingRewards1.AmountOf(core.MicroLunaDenom))
+	require.Equal(t, sdk.NewDecFromInt(givingAmt.AmountOf(core.MicroUSDDenom)).QuoInt64(votePeriodsPerWindow).QuoInt64(3).MulInt64(2).TruncateInt(),
+		outstandingRewards1.AmountOf(core.MicroUSDDenom))
 }