diff --git a/x/stake/genesis.go b/x/stake/genesis.go
index d45adc3d7..e8965dcf2 100644
--- a/x/stake/genesis.go
+++ b/x/stake/genesis.go
@@ -32,11 +32,15 @@ func InitGenesis(ctx sdk.Context, k Keeper, data GenesisState) {
 	k.setPool(ctx, data.Pool)
 	k.setNewParams(ctx, data.Params)
 	for _, validator := range data.Validators {
+		// Staking assumes bonded validators are already stored, need to force update
+		validator.PoolShares.Status = sdk.Unbonded
 		k.updateValidator(ctx, validator)
 	}
 	for _, bond := range data.Bonds {
 		k.setDelegation(ctx, bond)
 	}
+	store := ctx.KVStore(k.storeKey)
+	k.updateBondedValidatorsFull(ctx, store)
 }
 
 // WriteGenesis - output genesis parameters