diff --git a/Cargo.lock b/Cargo.lock
index d13019d847..0223b0f231 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1802,11 +1802,12 @@ dependencies = [
 
 [[package]]
 name = "cnidarium"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "async-trait",
+ "base64 0.21.7",
  "borsh",
  "futures",
  "hex",
@@ -1830,8 +1831,8 @@ dependencies = [
 
 [[package]]
 name = "cnidarium-component"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -2330,8 +2331,8 @@ dependencies = [
 
 [[package]]
 name = "decaf377-fmd"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "ark-ff 0.4.2",
  "ark-serialize 0.4.2",
@@ -2344,8 +2345,8 @@ dependencies = [
 
 [[package]]
 name = "decaf377-ka"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "ark-ff 0.4.2",
  "decaf377 0.5.0",
@@ -5483,8 +5484,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-asset"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "ark-ff 0.4.2",
@@ -5521,8 +5522,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-ibc"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "ark-ff 0.4.2",
@@ -5530,6 +5531,7 @@ dependencies = [
  "base64 0.21.7",
  "blake2b_simd 1.0.2",
  "cnidarium",
+ "futures",
  "hex",
  "ibc-proto",
  "ibc-types",
@@ -5549,6 +5551,7 @@ dependencies = [
  "sha2 0.10.8",
  "tendermint 0.34.1",
  "tendermint-light-client-verifier",
+ "time",
  "tonic 0.10.2",
  "tower",
  "tracing",
@@ -5556,8 +5559,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-keys"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "aes",
  "anyhow",
@@ -5600,8 +5603,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-num"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "ark-ff 0.4.2",
@@ -5636,8 +5639,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-proto"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5665,8 +5668,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-sct"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "ark-ff 0.4.2",
@@ -5699,8 +5702,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-tct"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "ark-ed-on-bls12-377",
  "ark-ff 0.4.2",
@@ -5727,8 +5730,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-tower-trace"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "futures",
  "hex",
@@ -5749,8 +5752,8 @@ dependencies = [
 
 [[package]]
 name = "penumbra-txhash"
-version = "0.71.0"
-source = "git+https://github.com/penumbra-zone/penumbra.git?rev=8b06546af43bf073fd99f3f9d82b8afb51872489#8b06546af43bf073fd99f3f9d82b8afb51872489"
+version = "0.77.2"
+source = "git+https://github.com/penumbra-zone/penumbra.git?tag=v0.77.2#76aab4b843f47b7ce9d7177196fdd2495ccf7bfa"
 dependencies = [
  "anyhow",
  "blake2b_simd 1.0.2",
diff --git a/Cargo.toml b/Cargo.toml
index 1e46cc79c6..48a4b6ad67 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -77,10 +77,9 @@ serde_json = "1"
 metrics = "0.22.1"
 pbjson-types = "0.6"
 # Note that when updating the penumbra versions, vendored types in `proto/sequencerapis/astria_vendored` may need to be updated as well.
-# update once https://github.com/penumbra-zone/penumbra/commit/8b06546af43bf073fd99f3f9d82b8afb51872489 makes it into a release
-penumbra-ibc = { git = "https://github.com/penumbra-zone/penumbra.git", rev = "8b06546af43bf073fd99f3f9d82b8afb51872489", default-features = false }
-penumbra-proto = { git = "https://github.com/penumbra-zone/penumbra.git", rev = "8b06546af43bf073fd99f3f9d82b8afb51872489" }
-penumbra-tower-trace = { git = "https://github.com/penumbra-zone/penumbra.git", rev = "8b06546af43bf073fd99f3f9d82b8afb51872489" }
+penumbra-ibc = { git = "https://github.com/penumbra-zone/penumbra.git", tag = "v0.77.2", default-features = false }
+penumbra-proto = { git = "https://github.com/penumbra-zone/penumbra.git", tag = "v0.77.2" }
+penumbra-tower-trace = { git = "https://github.com/penumbra-zone/penumbra.git", tag = "v0.77.2" }
 prost = "0.12"
 rand = "0.8.5"
 regex = "1.9"
diff --git a/crates/astria-sequencer/Cargo.toml b/crates/astria-sequencer/Cargo.toml
index d49b8000b9..51648227b6 100644
--- a/crates/astria-sequencer/Cargo.toml
+++ b/crates/astria-sequencer/Cargo.toml
@@ -30,8 +30,8 @@ priority-queue = "2.0.2"
 tower = "0.4"
 tower-abci = "0.12.0"
 tower-actor = "0.1.0"
-cnidarium = { git = "https://github.com/penumbra-zone/penumbra.git", rev = "8b06546af43bf073fd99f3f9d82b8afb51872489" }
-cnidarium-component = { git = "https://github.com/penumbra-zone/penumbra.git", rev = "8b06546af43bf073fd99f3f9d82b8afb51872489" }
+cnidarium = { git = "https://github.com/penumbra-zone/penumbra.git", tag = "v0.77.2" }
+cnidarium-component = { git = "https://github.com/penumbra-zone/penumbra.git", tag = "v0.77.2" }
 
 async-trait = { workspace = true }
 bytes = { workspace = true }
diff --git a/crates/astria-sequencer/src/transaction/mod.rs b/crates/astria-sequencer/src/transaction/mod.rs
index 1eaa5f2a30..58e0d7fb96 100644
--- a/crates/astria-sequencer/src/transaction/mod.rs
+++ b/crates/astria-sequencer/src/transaction/mod.rs
@@ -288,7 +288,7 @@ impl ActionHandler for UnsignedTransaction {
                         .clone()
                         .with_handler::<crate::ibc::ics20_transfer::Ics20Transfer, AstriaHost>();
                     action
-                        .execute(&mut *state)
+                        .check_and_execute(&mut *state)
                         .await
                         .context("execution failed for IbcAction")?;
                 }