diff --git a/Cargo.lock b/Cargo.lock
index 12e58da..f80c104 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -13,21 +13,6 @@ dependencies = [
  "version_check",
 ]
 
-[[package]]
-name = "aho-corasick"
-version = "1.0.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6748e8def348ed4d14996fa801f4122cd763fff530258cdc03f64b25f89d3a5a"
-dependencies = [
- "memchr",
-]
-
-[[package]]
-name = "anyhow"
-version = "1.0.69"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "224afbd727c3d6e4b90103ece64b8d1b67fbb1973b1046c2281eed3f3803f800"
-
 [[package]]
 name = "base16ct"
 version = "0.1.1"
@@ -76,12 +61,6 @@ version = "1.4.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "14c189c53d098945499cdfa7ecc63567cf3886b3332b312a5b4585d8d3a6a610"
 
-[[package]]
-name = "bytes"
-version = "1.4.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "89b2fd2a0dcf38d7971e2194b6b6eebab45ae01067456a7fd93d5547a61b70be"
-
 [[package]]
 name = "cfg-if"
 version = "1.0.0"
@@ -155,21 +134,11 @@ dependencies = [
  "hex",
  "schemars",
  "serde",
- "serde-json-wasm 0.5.0",
+ "serde-json-wasm",
  "sha2 0.10.7",
  "thiserror",
 ]
 
-[[package]]
-name = "cosmwasm-storage"
-version = "1.3.3"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b52be0d56b78f502f3acb75e40908a0d04d9f265b6beb0f86b36ec2ece048748"
-dependencies = [
- "cosmwasm-std",
- "serde",
-]
-
 [[package]]
 name = "cpufeatures"
 version = "0.2.5"
@@ -214,25 +183,6 @@ dependencies = [
  "zeroize",
 ]
 
-[[package]]
-name = "cw-multi-test"
-version = "0.16.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c2eb84554bbfa6b66736abcd6a9bfdf237ee0ecb83910f746dff7f799093c80a"
-dependencies = [
- "anyhow",
- "cosmwasm-std",
- "cw-storage-plus",
- "cw-utils",
- "derivative",
- "itertools",
- "k256",
- "prost",
- "schemars",
- "serde",
- "thiserror",
-]
-
 [[package]]
 name = "cw-storage-plus"
 version = "1.1.0"
@@ -244,21 +194,6 @@ dependencies = [
  "serde",
 ]
 
-[[package]]
-name = "cw-utils"
-version = "1.0.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c80e93d1deccb8588db03945016a292c3c631e6325d349ebb35d2db6f4f946f7"
-dependencies = [
- "cosmwasm-schema",
- "cosmwasm-std",
- "cw2",
- "schemars",
- "semver",
- "serde",
- "thiserror",
-]
-
 [[package]]
 name = "cw2"
 version = "1.1.0"
@@ -347,12 +282,6 @@ dependencies = [
  "zeroize",
 ]
 
-[[package]]
-name = "either"
-version = "1.8.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7fcaabb2fef8c910e7f4c7ce9f67a1283a1715879a7c230ca9d6d1ae31f16d91"
-
 [[package]]
 name = "elliptic-curve"
 version = "0.12.3"
@@ -430,12 +359,6 @@ dependencies = [
  "ahash",
 ]
 
-[[package]]
-name = "heck"
-version = "0.4.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "95505c38b4572b2d910cecb0281560f54b440a19336cbbcb27bf6ce6adc6f5a8"
-
 [[package]]
 name = "hex"
 version = "0.4.3"
@@ -457,30 +380,13 @@ version = "1.0.0"
 dependencies = [
  "cosmwasm-schema",
  "cosmwasm-std",
- "cosmwasm-storage",
- "cw-multi-test",
  "cw-storage-plus",
  "cw2",
  "hex",
- "regex",
- "schemars",
- "serde",
- "serde-json-wasm 1.0.0",
  "sha2 0.10.7",
- "strum",
- "strum_macros",
  "thiserror",
 ]
 
-[[package]]
-name = "itertools"
-version = "0.10.5"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b0fd2260e829bddf4cb6ea802289de2f86d6a7a690192fbe91b3f46e0f2c8473"
-dependencies = [
- "either",
-]
-
 [[package]]
 name = "itoa"
 version = "1.0.5"
@@ -505,12 +411,6 @@ version = "0.2.139"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "201de327520df007757c1f0adce6e827fe8562fbc28bfd9c15571c66ca1f5f79"
 
-[[package]]
-name = "memchr"
-version = "2.5.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2dffe52ecf27772e601905b7522cb4ef790d2cc203488bbd0e2fe85fcb74566d"
-
 [[package]]
 name = "once_cell"
 version = "1.17.0"
@@ -542,29 +442,6 @@ dependencies = [
  "unicode-ident",
 ]
 
-[[package]]
-name = "prost"
-version = "0.9.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "444879275cb4fd84958b1a1d5420d15e6fcf7c235fe47f053c9c2a80aceb6001"
-dependencies = [
- "bytes",
- "prost-derive",
-]
-
-[[package]]
-name = "prost-derive"
-version = "0.9.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f9cc1a3263e07e0bf68e96268f37665207b49560d98739662cdfaae215c720fe"
-dependencies = [
- "anyhow",
- "itertools",
- "proc-macro2",
- "quote",
- "syn 1.0.107",
-]
-
 [[package]]
 name = "quote"
 version = "1.0.33"
@@ -589,35 +466,6 @@ dependencies = [
  "getrandom",
 ]
 
-[[package]]
-name = "regex"
-version = "1.9.3"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "81bc1d4caf89fac26a70747fe603c130093b53c773888797a6329091246d651a"
-dependencies = [
- "aho-corasick",
- "memchr",
- "regex-automata",
- "regex-syntax",
-]
-
-[[package]]
-name = "regex-automata"
-version = "0.3.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fed1ceff11a1dddaee50c9dc8e4938bd106e9d89ae372f192311e7da498e3b69"
-dependencies = [
- "aho-corasick",
- "memchr",
- "regex-syntax",
-]
-
-[[package]]
-name = "regex-syntax"
-version = "0.7.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e5ea92a5b6195c6ef2a0295ea818b312502c6fc94dde986c5553242e18fd4ce2"
-
 [[package]]
 name = "rfc6979"
 version = "0.3.1"
@@ -629,12 +477,6 @@ dependencies = [
  "zeroize",
 ]
 
-[[package]]
-name = "rustversion"
-version = "1.0.14"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7ffc183a10b4478d04cbbbfc96d0873219d962dd5accaff2ffbd4ceb7df837f4"
-
 [[package]]
 name = "ryu"
 version = "1.0.12"
@@ -679,12 +521,6 @@ dependencies = [
  "zeroize",
 ]
 
-[[package]]
-name = "semver"
-version = "1.0.16"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "58bc9567378fc7690d6b2addae4e60ac2eeea07becb2c64b9f218b53865cba2a"
-
 [[package]]
 name = "serde"
 version = "1.0.185"
@@ -703,15 +539,6 @@ dependencies = [
  "serde",
 ]
 
-[[package]]
-name = "serde-json-wasm"
-version = "1.0.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "83c37d03f3b0f6b5f77c11af1e7c772de1c9af83e50bef7bb6069601900ba67b"
-dependencies = [
- "serde",
-]
-
 [[package]]
 name = "serde_derive"
 version = "1.0.185"
@@ -789,25 +616,6 @@ dependencies = [
  "der",
 ]
 
-[[package]]
-name = "strum"
-version = "0.25.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "290d54ea6f91c969195bdbcd7442c8c2a2ba87da8bf60a7ee86a235d4bc1e125"
-
-[[package]]
-name = "strum_macros"
-version = "0.25.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ad8d03b598d3d0fff69bf533ee3ef19b8eeb342729596df84bcc7e1f96ec4059"
-dependencies = [
- "heck",
- "proc-macro2",
- "quote",
- "rustversion",
- "syn 2.0.29",
-]
-
 [[package]]
 name = "subtle"
 version = "2.4.1"
diff --git a/Cargo.toml b/Cargo.toml
index dbca9d1..fd638d0 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -32,29 +32,11 @@ backtraces = ["cosmwasm-std/backtraces"]
 # use library feature to disable all instantiate/execute/query exports
 library = []
 
-[package.metadata.scripts]
-optimize = """docker run --rm -v "$(pwd)":/code \
-  --mount type=volume,source="$(basename "$(pwd)")_cache",target=/code/target \
-  --mount type=volume,source=registry_cache,target=/usr/local/cargo/registry \
-  cosmwasm/rust-optimizer:0.12.12
-"""
-
 [dependencies]
 cosmwasm-schema = "1.3.3"
 cosmwasm-std = "1.3.3"
-cosmwasm-storage = "1.3.3"
 cw-storage-plus = "1.1.0"
 cw2 = "1.1.0"
 hex = "0.4.3"
-regex = "1"
-schemars = "0.8.12"
-serde = { version = "1.0.185", default-features = false, features = ["derive"] }
 sha2 = "0.10.7"
-thiserror = "1.0.47" 
-strum = "0.25.0"
-strum_macros = "0.25.2"
-serde-json-wasm = "1.0.0"
-
-[dev-dependencies]
-cw-multi-test = "0.16.2"
-
+thiserror = "1.0.47"
diff --git a/Makefile b/Makefile
index 71feb06..066df81 100644
--- a/Makefile
+++ b/Makefile
@@ -22,19 +22,19 @@ build-debug:
 
 build-optimized:
 	docker run --rm -v "$(CURDIR)":/code \
-		--mount type=volume,source="$(notdir $(CURDIR))_cache",target=/code/target \
+		--mount type=volume,source="$(notdir $(CURDIR))_cache",target=/target \
 		--mount type=volume,source=registry_cache,target=/usr/local/cargo/registry \
-		cosmwasm/rust-optimizer:0.12.13
+		cosmwasm/rust-optimizer:0.14.0
 
 validate:
 	cosmwasm-check ./artifacts/ica_oracle.wasm
 
 # Uploads the contract to osmosis
-store-contract: 
+store-contract:
 	@STRIDE_HOME=$(STRIDE_HOME) bash scripts/store_contract.sh
 
 # Instantiates the contract directly with the osmosis dockernet validator as the admin
-instantiate-contract: 
+instantiate-contract:
 	@STRIDE_HOME=$(STRIDE_HOME) bash scripts/instantiate_contract.sh
 
 # Adds a metric directly to the contract from the osmosis dockernet validator
diff --git a/src/helpers.rs b/src/helpers.rs
index 3d77b1b..814747d 100644
--- a/src/helpers.rs
+++ b/src/helpers.rs
@@ -1,8 +1,7 @@
 use crate::ContractError;
-use regex::Regex;
 use sha2::{Digest, Sha256};
 
-const CHANNEL_REGEX: &str = r"^channel-\d+$";
+const CHANNEL_ID_PERFIX: &str = "channel";
 const TRANSFER_PORT_ID: &str = "transfer";
 
 /// follows cosmos SDK validation logic where denoms can be 3 - 128 characters long
@@ -38,12 +37,24 @@ pub fn validate_native_denom(denom: &str) -> Result<(), ContractError> {
 
 // Validates that the channel ID is of the form `channel-N`
 pub fn validate_channel_id(channel_id: &str) -> Result<(), ContractError> {
-    let re = Regex::new(CHANNEL_REGEX).unwrap();
-    if !re.is_match(channel_id) {
+    let Some((prefix, id)) = channel_id.split_once('-') else {
+        return Err(ContractError::InvalidChannelID {
+            channel_id: channel_id.to_string(),
+        });
+    };
+
+    if prefix != CHANNEL_ID_PERFIX {
+        return Err(ContractError::InvalidChannelID {
+            channel_id: channel_id.to_string(),
+        });
+    }
+
+    if id.parse::<u64>().is_err() {
         return Err(ContractError::InvalidChannelID {
             channel_id: channel_id.to_string(),
         });
     }
+
     Ok(())
 }