diff --git a/CHANGELOG.md b/CHANGELOG.md
index 046b50a86..5694d65ed 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -125,7 +125,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Bump `golang.org/x/net` from 0.20.0 to 0.23.0 ([#1850](https://github.com/NibiruChain/nibiru/pull/1850))
 - Bump `github.com/supranational/blst` from 0.3.8-0.20220526154634-513d2456b344 to 0.3.11 ([#1851](https://github.com/NibiruChain/nibiru/pull/1851))
 - Bump `golangci/golangci-lint-action` from 4 to 6 ([#1854](https://github.com/NibiruChain/nibiru/pull/1854), [#1867](https://github.com/NibiruChain/nibiru/pull/1867))
-- Bump `github.com/hashicorp/go-getter` from 1.7.1 to 1.7.4 ([#1858](https://github.com/NibiruChain/nibiru/pull/1858))
+- Bump `github.com/hashicorp/go-getter` from 1.7.1 to 1.7.5 ([#1858](https://github.com/NibiruChain/nibiru/pull/1858), [#1938](https://github.com/NibiruChain/nibiru/pull/1938))
 - Bump `github.com/btcsuite/btcd` from 0.23.3 to 0.24.0 ([#1862](https://github.com/NibiruChain/nibiru/pull/1862))
 - Bump `pozetroninc/github-action-get-latest-release` from 0.7.0 to 0.8.0 ([#1863](https://github.com/NibiruChain/nibiru/pull/1863))
 - Bump `bufbuild/buf-setup-action` from 1.30.1 to 1.33.0 ([#1891](https://github.com/NibiruChain/nibiru/pull/1891), [#1900](https://github.com/NibiruChain/nibiru/pull/1900), [#1923](https://github.com/NibiruChain/nibiru/pull/1923))
diff --git a/CHAOSNET.md b/CHAOSNET.md
index 3910d4434..8a9e802fa 100644
--- a/CHAOSNET.md
+++ b/CHAOSNET.md
@@ -17,20 +17,18 @@
 
 Chaosnet is an expanded version of localnet that runs:
 
-- two validators (nibiru-0 and nibiru-1)
+- up to two validators (nibiru-0 and nibiru-1)
 - pricefeeders for each validator
-- a hermes relayer between the two validators
-- a faucet
-- a postgres:14 database
-- a heartmonitor instance
-- a liquidator instance
-- a graphql server
+- a hermes relayer between the two validators (if the `ibc` profile is used)
+- a postgres:14 database (if the `heartmonitor` profile is used)
+- a heartmonitor instance (if the `heartmonitor` profile is used)
+- a graphql server (if the `heartmonitor` profile is used)
 
 ## How to run "chaosnet"
 
 1. Make sure you have [Docker](https://docs.docker.com/engine/install/) installed and running
 2. Make sure you have `make` installed
-3. Docker login to ghcr.io
+3. (Optional) Docker login to ghcr.io (only if you want to use the `heartmonitor` profile)
 
 ```bash
 docker login ghcr.io
@@ -42,9 +40,14 @@ Enter your GitHub username for the `username` field, and your personal access to
 
 Note that this will take a while the first time you run it, as it will need to pull all the images from the registry, build the chaonset image locally, and set up the IBC channel (which has a lot of round trip packet commits).
 
+Other profiles include
+
+- `make chaosnet-ibc`: creates two validator instances and a hermes relayer
+- `make chaosnet-heartmonitor`: single validator with heartmonitor+graphql instance
+
 ## How to force pull images from the registry
 
-By default, most images (heart-monitor, liquidator, etc.) are cached locally and won't re-fetch from upstream registries. To force a pull, you can run
+By default, most images (heartmonitor, etc.) are cached locally and won't re-fetch from upstream registries. To force a pull, you can run
 
 ```sh
 make chaosnet-build
diff --git a/contrib/docker-compose/README.md b/contrib/docker-compose/README.md
index f588d5728..e888d4b90 100644
--- a/contrib/docker-compose/README.md
+++ b/contrib/docker-compose/README.md
@@ -1,13 +1,18 @@
 # contrib/docker-compose
 
-- [docker-compose-chaosnet](#docker-compose-chaosnet)
-  - [Usage Commands:](#usage-commands)
-  - [Nibiru node services](#nibiru-node-services)
-  - [Oracle feeder services](#oracle-feeder-services)
-  - [Hermes IBC relayer services](#hermes-ibc-relayer-services)
-  - [Faucet Service](#faucet-service)
-  - [Heart Monitor Services](#heart-monitor-services)
-- [Reference Materials](#reference-materials)
+- [contrib/docker-compose](#contribdocker-compose)
+  - [docker-compose-chaosnet](#docker-compose-chaosnet)
+  - [Usage](#usage)
+    - [Single validator node + pricefeeder](#single-validator-node--pricefeeder)
+    - [Two validator nodes + pricefeeder + IBC relayer](#two-validator-nodes--pricefeeder--ibc-relayer)
+    - [Single validator node + heartmonitor](#single-validator-node--heartmonitor)
+    - [Other Commands](#other-commands)
+  - [Services Overview](#services-overview)
+    - [Nibiru node services](#nibiru-node-services)
+    - [Pricefeeder services](#pricefeeder-services)
+    - [Hermes IBC relayer services](#hermes-ibc-relayer-services)
+    - [Heart Monitor Services](#heart-monitor-services)
+  - [Reference Materials](#reference-materials)
 
 ## docker-compose-chaosnet
 
@@ -18,17 +23,38 @@ Nibiru-specific containers.
 
 Features:
 
-- Data volume mounts ensure persistent storage.
 - Different ports are utilized to mimic a multi-chain configuration on a single machine.
-- Enables testing of cross-chain transactions, chain health monitoring, liquidations, and more in a local Docker context across two chains.
+- Enables testing of cross-chain transactions, chain health monitoring, and more in a local Docker context across two chains.
 
-### Usage Commands: 
+## Usage
+
+### Single validator node + pricefeeder
+
+```sh
+docker compose -f docker-compose-chaosnet.yml up
+```
+
+### Two validator nodes + pricefeeder + IBC relayer
+
+```sh
+docker compose -f docker-compose-chaosnet.yml --profile ibc up 
+```
+
+### Single validator node + heartmonitor
+
+```sh
+docker compose -f docker-compose-chaosnet.yml --profile heartmonitor up
+```
+
+### Other Commands
 
 - `docker compose up`: Start the services.
 - `docker compose down`: Stop the services.
 - `docker compose restart`: Restart all services.
 - `docker compose ps`: List containers, their status, ports, etc.
-- `docker compose logs`: View std output from containers 
+- `docker compose logs`: View std output from containers
+
+## Services Overview
 
 ### Nibiru node services
 
@@ -36,7 +62,7 @@ Features:
   running on different ports, using unique mnemonics and chain IDs, imitating two
   independent blockchain networks.
 
-### Oracle feeder services
+### Pricefeeder services
 
 - `pricefeeder-0` and `pricefeeder-1` (Service): Two price feeder services that push price
   data to the respective Nibiru nodes.
@@ -44,6 +70,7 @@ Features:
 ### Hermes IBC relayer services
 
 An IBC relayer is set up to connect the two chains using [hermes](https://hermes.informal.systems/).
+
 1. `hermes-keys-task-0` and `hermes-keys-task-1` (Service): Tasks to generate
    keys for the validators on `nibiru-0` and `nibiru-1`.
 2. `hermes-client-connection-channel-task` (Service): Creates a new channel
@@ -59,34 +86,24 @@ Brief IBC reference:
 Put simply, **connections** represent a secure communication line between two
 blockchain to transfer IBC **packets** (data). Once a connection is established,
 light client of two chains, usually called the source chain and destination
-chain, is established. 
+chain, is established.
 
 Once a connection is established, **channels** can be formed. A channel
 represents a logical pathway for specific types communication over the connection
 (like token transfers and other relaying of IBC packets.
 
-### Faucet Service
-
-Dispenses testnet tokens. Faucets provide liquidity on test chains.
-
-Repository: [NibiruChain/go-faucet](https://github.com/NibiruChain/go-faucet)
-
 ### Heart Monitor Services
 
 - `heartmonitor-db`: A postgres database for the heart monitor.
 
 - `heartmonitor`: An indexing solution that populates a DB based on events and
-  block responses emitted from Nibiru nodes. 
-
-- `liquidator` : Liquidates underwater positions using the tracked state inside
-  `hearmonitor-db`.
+  block responses emitted from Nibiru nodes.
 
 - `graphql`: GraphQL API for the heart monitor data. Used in the Nibiru web app
   and other off-chain tools.
 
 Repository: [NibiruChain/go-heartmonitor](https://github.com/NibiruChain/go-heartmonitor).
 
-
 ## Reference Materials
 
 - [Docker Compose file](https://docs.docker.com/compose/compose-file/03-compose-file/)
diff --git a/contrib/docker-compose/docker-compose-chaosnet.yml b/contrib/docker-compose/docker-compose-chaosnet.yml
index 35708aee0..df9514b01 100644
--- a/contrib/docker-compose/docker-compose-chaosnet.yml
+++ b/contrib/docker-compose/docker-compose-chaosnet.yml
@@ -48,6 +48,7 @@ services:
         RPC_PORT: 36657
         GRPC_PORT: 19090
         LCD_PORT: 11317
+    profiles: [ibc]
     healthcheck:
       test: ["CMD", "curl", "-f", "http://localhost:36657"]
       interval: 60s
@@ -63,6 +64,7 @@ services:
 
   pricefeeder-1:
     image: ghcr.io/nibiruchain/pricefeeder:latest
+    profiles: [ibc]
     restart: always
     environment:
       CHAIN_ID: nibiru-localnet-1
@@ -77,6 +79,7 @@ services:
 
   hermes-keys-task-0:
     image: informalsystems/hermes:1.6.0
+    profiles: [ibc]
     user: root
     command:
       [
@@ -107,6 +110,7 @@ services:
 
   hermes-keys-task-1:
     image: informalsystems/hermes:1.6.0
+    profiles: [ibc]
     user: root
     command:
       [
@@ -139,6 +143,7 @@ services:
 
   hermes-client-connection-channel-task:
     image: informalsystems/hermes:1.6.0
+    profiles: [ibc]
     user: root
     command:
       [
@@ -172,6 +177,7 @@ services:
 
   hermes:
     image: informalsystems/hermes:1.6.0
+    profiles: [ibc]
     restart: always
     user: root
     command: ["start"]
@@ -191,22 +197,9 @@ services:
       hermes-client-connection-channel-task:
         condition: service_completed_successfully
 
-  faucet:
-    restart: always
-    image: ghcr.io/nibiruchain/go-faucet:latest
-    environment:
-      NODE: nibiru-0:9090
-      MNEMONIC: undo donkey arena rule old portion long forget rescue post stuff normal reduce raw unable warrior method stairs valley enhance glory lens sign zero
-      SEND_COINS: 11000000unibi
-      MAX_SEND_COINS: 110000000unibi
-    depends_on:
-      nibiru-0:
-        condition: service_healthy
-    ports:
-      - 8000:8000
-
   heartmonitor-db:
     image: postgres:14
+    profiles: [heartmonitor]
     restart: always
     environment:
       POSTGRES_PASSWORD: postgres
@@ -216,6 +209,8 @@ services:
 
   heartmonitor:
     image: ghcr.io/nibiruchain/go-heartmonitor:latest
+    platform: linux/amd64
+    profiles: [heartmonitor]
     restart: always
     command: --clean
     volumes:
@@ -231,26 +226,10 @@ services:
       heartmonitor-db:
         condition: service_started
 
-  liquidator:
-    image: ghcr.io/nibiruchain/go-heartmonitor:latest
-    restart: always
-    command: --liquidator
-    environment:
-      - DATABASE_URI=postgresql://postgres:postgres@heartmonitor-db:5432/heart-monitor?sslmode=disable
-      - TENDERMINT_RPC_ENDPOINT=http://nibiru-0:26657
-      - GRPC_ENDPOINT=tcp://nibiru-0:9090
-      - GRPC_INSECURE=true
-      - NO_PARTITIONS=true
-      - LIQUIDATOR_MNEMONIC=record damage person caution truly riot resource luxury rude guide mushroom athlete fantasy dentist friend mule depth salmon photo unfold exclude coyote idea evoke
-      - LIQUIDATOR_GAS_LIMIT_INITIAL=500000
-      - LIQUIDATOR_GAS_MULTIPLIER=5
-      - LIQUIDATOR_GAS_MAX_ATTEMPTS=10
-    depends_on:
-      heartmonitor:
-        condition: service_started
-
   graphql:
     image: ghcr.io/nibiruchain/go-heartmonitor:latest
+    platform: linux/amd64
+    profiles: [heartmonitor]
     restart: always
     command: --graphql
     environment:
diff --git a/contrib/docker-compose/docker-compose-multi-node.yml b/contrib/docker-compose/docker-compose-multi-node.yml
deleted file mode 100644
index e5e5b986e..000000000
--- a/contrib/docker-compose/docker-compose-multi-node.yml
+++ /dev/null
@@ -1,64 +0,0 @@
-version: '3'
-
-services:
-  node0:
-    container_name: node0
-    image: "nibiru/node"
-    ports:
-      - "26656-26657:26656-26657"
-      - "9090:9090"
-      - "1317:1317"
-    environment:
-      - ID=0
-    volumes:
-      - ../../data/node0/nibid:/root/.nibid:Z
-    networks:
-      localnet:
-        ipv4_address: 192.168.11.2
-
-  node1:
-    container_name: node1
-    image: "nibiru/node"
-    ports:
-      - "26659-26660:26656-26657"
-    environment:
-      - ID=1
-    volumes:
-      - ../../data/node1/nibid:/root/.nibid:Z
-    networks:
-      localnet:
-        ipv4_address: 192.168.11.3
-
-  node2:
-    container_name: node2
-    image: "nibiru/node"
-    environment:
-      - ID=2
-    ports:
-      - "26661-26662:26656-26657"
-    volumes:
-      - ../../data/node2/nibid:/root/.nibid:Z
-    networks:
-      localnet:
-        ipv4_address: 192.168.11.4
-
-  node3:
-    container_name: node3
-    image: "nibiru/node"
-    environment:
-      - ID=3
-    ports:
-      - "26663-26664:26656-26657"
-    volumes:
-      - ../../data/node3/nibid:/root/.nibid:Z
-    networks:
-      localnet:
-        ipv4_address: 192.168.11.5
-
-networks:
-  localnet:
-    driver: bridge
-    ipam:
-      driver: default
-      config:
-        - subnet: 192.168.11.0/16
diff --git a/contrib/make/chaosnet.mk b/contrib/make/chaosnet.mk
index df46d516b..6bcc88ef4 100644
--- a/contrib/make/chaosnet.mk
+++ b/contrib/make/chaosnet.mk
@@ -12,10 +12,22 @@ chaosnet-build:
 chaosnet: chaosnet-down
 	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml up --detach --build
 
-# Stop chaosnet
+# Run a chaosnet testnet locally with IBC enabled
+.PHONY: chaosnet-ibc
+chaosnet-ibc: chaosnet-down
+	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml --profile ibc up --detach --build
+
+# Run a chaosnet testnet locally with heartmonitor+graphql stack enabled
+.PHONY: chaosnet-heartmonitor
+chaosnet-heartmonitor: chaosnet-down
+	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml --profile heartmonitor up --detach --build
+
+# Stop chaosnet, need to specify all profiles to ensure all services are stopped
+# See https://stackoverflow.com/questions/76781634/docker-compose-down-all-profiles
 .PHONY: chaosnet-down
 chaosnet-down:
-	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml down --timeout 1 --volumes
+	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml --profile ibc down --timeout 1 --volumes
+	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml --profile heartmonitor down --timeout 1 --volumes
 
 ###############################################################################
 ###                               Chaosnet Logs                             ###
@@ -25,10 +37,6 @@ chaosnet-down:
 chaosnet-logs:
 	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml logs
 
-.PHONY: chaosnet-logs-faucet
-chaosnet-logs-faucet:
-	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml logs go-faucet
-
 .PHONY: chaosnet-logs-pricefeeder
 chaosnet-logs-pricefeeder:
 	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml logs pricefeeder --follow
@@ -41,9 +49,13 @@ chaosnet-logs-go-heartmonitor:
 ###                              Chaosnet SSH                               ###
 ###############################################################################
 
-.PHONY: chaosnet-ssh-nibiru
-chaosnet-ssh-nibiru:
-	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml exec -it nibiru /bin/sh
+.PHONY: chaosnet-ssh-nibiru-0
+chaosnet-ssh-nibiru-0:
+	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml exec -it nibiru-0 /bin/sh
+
+.PHONY: chaosnet-ssh-nibiru-1
+chaosnet-ssh-nibiru-1:
+	docker compose -f ./contrib/docker-compose/docker-compose-chaosnet.yml exec -it nibiru-1 /bin/sh
 
 .PHONY: chaosnet-ssh-go-heartmonitor
 chaosnet-ssh-go-heartmonitor:
diff --git a/contrib/scripts/chaosnet.sh b/contrib/scripts/chaosnet.sh
index 40faf61e6..ffee52fd8 100755
--- a/contrib/scripts/chaosnet.sh
+++ b/contrib/scripts/chaosnet.sh
@@ -25,6 +25,7 @@ sed -i 's/log_format = .*/log_format = "json"/' $HOME/.nibid/config/config.toml
 sed -i '/\[api\]/,+3 s/enable = false/enable = true/' $HOME/.nibid/config/app.toml
 sed -i 's/enabled-unsafe-cors = false/enabled-unsafe-cors = true/' $HOME/.nibid/config/app.toml
 sed -i "s/localhost:1317/0.0.0.0:$LCD_PORT/" $HOME/.nibid/config/app.toml
+sed -i '/\[grpc\]/,+3 s/enable = false/enable = true/' $HOME/.nibid/config/app.toml
 sed -i "s/localhost:9090/0.0.0.0:$GRPC_PORT/" $HOME/.nibid/config/app.toml
 
 # ------------------------------------------------------------------------
diff --git a/go.mod b/go.mod
index 110e426fb..2984a00cc 100644
--- a/go.mod
+++ b/go.mod
@@ -149,7 +149,7 @@ require (
 	github.com/gtank/merlin v0.1.1 // indirect
 	github.com/gtank/ristretto255 v0.1.2 // indirect
 	github.com/hashicorp/go-cleanhttp v0.5.2 // indirect
-	github.com/hashicorp/go-getter v1.7.4 // indirect
+	github.com/hashicorp/go-getter v1.7.5 // indirect
 	github.com/hashicorp/go-immutable-radix v1.3.1 // indirect
 	github.com/hashicorp/go-safetemp v1.0.0 // indirect
 	github.com/hashicorp/go-version v1.6.0 // indirect
diff --git a/go.sum b/go.sum
index d3a16f130..f60663cd1 100644
--- a/go.sum
+++ b/go.sum
@@ -780,8 +780,8 @@ github.com/hashicorp/go-cleanhttp v0.5.0/go.mod h1:JpRdi6/HCYpAwUzNwuwqhbovhLtng
 github.com/hashicorp/go-cleanhttp v0.5.1/go.mod h1:JpRdi6/HCYpAwUzNwuwqhbovhLtngrth3wmdIIUrZ80=
 github.com/hashicorp/go-cleanhttp v0.5.2 h1:035FKYIWjmULyFRBKPs8TBQoi0x6d9G4xc9neXJWAZQ=
 github.com/hashicorp/go-cleanhttp v0.5.2/go.mod h1:kO/YDlP8L1346E6Sodw+PrpBSV4/SoxCXGY6BqNFT48=
-github.com/hashicorp/go-getter v1.7.4 h1:3yQjWuxICvSpYwqSayAdKRFcvBl1y/vogCxczWSmix0=
-github.com/hashicorp/go-getter v1.7.4/go.mod h1:W7TalhMmbPmsSMdNjD0ZskARur/9GJ17cfHTRtXV744=
+github.com/hashicorp/go-getter v1.7.5 h1:dT58k9hQ/vbxNMwoI5+xFYAJuv6152UNvdHokfI5wE4=
+github.com/hashicorp/go-getter v1.7.5/go.mod h1:W7TalhMmbPmsSMdNjD0ZskARur/9GJ17cfHTRtXV744=
 github.com/hashicorp/go-immutable-radix v1.0.0/go.mod h1:0y9vanUI8NX6FsYoO3zeMjhV/C5i9g4Q3DwcSNZ4P60=
 github.com/hashicorp/go-immutable-radix v1.3.1 h1:DKHmCUm2hRBK510BaiZlwvpD40f8bJFeZnpfm2KLowc=
 github.com/hashicorp/go-immutable-radix v1.3.1/go.mod h1:0y9vanUI8NX6FsYoO3zeMjhV/C5i9g4Q3DwcSNZ4P60=