diff --git a/images/lndbtc/src.py b/images/lndbtc/src.py
index 0f4c960..35d0b4b 100644
--- a/images/lndbtc/src.py
+++ b/images/lndbtc/src.py
@@ -33,7 +33,7 @@ def ensure_src(version, ref):
 
 def checkout(version):
     if version == "latest":
-        ref = "v0.11.1-beta"
+        ref = "v0.12.1-beta"
     else:
         ref = "v" + version
 
diff --git a/launcher/service/lnd/config.go b/launcher/service/lnd/config.go
index f233dce..1a72748 100644
--- a/launcher/service/lnd/config.go
+++ b/launcher/service/lnd/config.go
@@ -30,7 +30,7 @@ func (t *Service) GetDefaultConfig() interface{} {
 	case Bitcoin:
 		switch network {
 		case types.Mainnet:
-			image = "opendexnetwork/lndbtc:0.11.1-beta"
+			image = "opendexnetwork/lndbtc:0.12.1-beta"
 		case types.Simnet:
 			image = "opendexnetwork/lndbtc-simnet:latest"
 		case types.Testnet: