diff --git a/common/eth2_config/src/lib.rs b/common/eth2_config/src/lib.rs
index b5801eb2a..197f1b34a 100644
--- a/common/eth2_config/src/lib.rs
+++ b/common/eth2_config/src/lib.rs
@@ -332,10 +332,10 @@ define_hardcoded_nets!(
     ),
     (
         // Network name (must be unique among all networks).
-        pulsechain_testnet_v3,
+        pulsechain_testnet_v4,
         // The name of the directory in the `eth2_network_config/built_in_network_configs`
         // directory where the configuration files are located for this network.
-        "pulsechain-testnet-v3",
+        "pulsechain-testnet-v4",
         // Set to `true` if the genesis state can be found in the `built_in_network_configs`
         // directory.
         GenesisStateSource::IncludedBytes
diff --git a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/boot_enr.yaml b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/boot_enr.yaml
deleted file mode 100644
index 49e35d8b3..000000000
--- a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/boot_enr.yaml
+++ /dev/null
@@ -1,4 +0,0 @@
-# PulseChain Official (aws-us-east-1)
-- enr:-MK4QC37TFAfc973oOezRlVoOCygtjT-rlOoKbbuZNmrJ5dhXS-IfrsH3yhjNP0dfy3-UpyFZy2hy6lOE__ykFfj3lKGAYa95Co5h2F0dG5ldHOIAAAAAAAAAACEZXRoMpBbnJIGAAAJRP__________gmlkgnY0gmlwhAPsylWJc2VjcDI1NmsxoQOpEhsSXVShFW4yvaww_SI0A-H0pix0aJlOdYJgyIgbjYhzeW5jbmV0cwCDdGNwgjLIg3VkcIIu4A
-- enr:-MK4QM1JpOXnj-zpjfPvG1GkCEvjYMg8dEk6t7VLtpFuionhBz59n2ZIwixpO2exzoNLMV4_v7jCHGQqi0zYtc-Gp3OGAYa94lhqh2F0dG5ldHOIAAAAAAAAAACEZXRoMpBbnJIGAAAJRP__________gmlkgnY0gmlwhCzKVYOJc2VjcDI1NmsxoQK24rqFwR7W3HJgLVVGDSMy8PiMculxF6VOJgAlG4wmXohzeW5jbmV0cwCDdGNwgjLIg3VkcIIu4A
-- enr:-MK4QBAlroGpM1xtk7WzWP8lbKnI2UjVpoQNsKJeNRS-kVvFCswNyVRBZHwMOvfW2G3j0qaaDsUpMxXY-t9LdGAZgQGGAYa94IQmh2F0dG5ldHOIAAAAAAAAAACEZXRoMpBbnJIGAAAJRP__________gmlkgnY0gmlwhK6BYN-Jc2VjcDI1NmsxoQJNoBFGkhcAMKIbrDPHoI7dYVAY99Z832TimlqhpoYo7YhzeW5jbmV0cwCDdGNwgjLIg3VkcIIu4A
diff --git a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/genesis.ssz.zip b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/genesis.ssz.zip
deleted file mode 100644
index 738da5ccb..000000000
Binary files a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/genesis.ssz.zip and /dev/null differ
diff --git a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/boot_enr.yaml b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/boot_enr.yaml
new file mode 100644
index 000000000..1cdd8ccab
--- /dev/null
+++ b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/boot_enr.yaml
@@ -0,0 +1,7 @@
+# PulseChain Official
+# bootnode-aws-us-east-2-001
+- enr:-MK4QPzTScyPIPS7UWhaz0v4cVYKTfN2-0leb-iFKGl_xFBjDOSJenQ91BwaZ7sUXApiCPihr_Mw4L5oZJ4W5vNqffuGAYd4QZA7h2F0dG5ldHOIAAAAAAAAAACEZXRoMpB3mwAIAAAJRAEAAAAAAAAAgmlkgnY0gmlwhAOOpsuJc2VjcDI1NmsxoQNJljCY9olY73J9aYbW-9Ix72ZNzKv1AeIt6BHSqtniV4hzeW5jbmV0cwCDdGNwgjLIg3VkcIIu4A
+# bootnode-aws-us-east-2-002
+- enr:-MK4QF0dJA9H3BlxJE7HEjucJD47JYdlQyJ0wbQVNrbfgM_0A-OZEb8J1jjtmiaw3ytpl-FdmofS7QPW31j1n2WImTiGAYd4QUGRh2F0dG5ldHOIAAAAAAAAAACEZXRoMpB3mwAIAAAJRAEAAAAAAAAAgmlkgnY0gmlwhBJ2vKWJc2VjcDI1NmsxoQJsvKcVWN9inS4QTW8QsPSd053XZl6MZ5zmvBXLycbONYhzeW5jbmV0cwCDdGNwgjLIg3VkcIIu4A
+# bootnode-aws-us-east-2-003
+- enr:-MK4QMqHY3x4vzN1yHXY7ZCAH8ylE8dSYT3ZWSNsUBd0MJ4dIYjz94vrEUvMZGsDfJXW1aHZlpszxScBLJEQovnha6WGAYd4QUMUh2F0dG5ldHOIAAAAAAAAAACEZXRoMpB3mwAIAAAJRAEAAAAAAAAAgmlkgnY0gmlwhAOKa5CJc2VjcDI1NmsxoQIt-VoTVWzXdUTO78hhF_25-AhXgOk0k-YG3gW_dzX6YIhzeW5jbmV0cwCDdGNwgjLIg3VkcIIu4A
diff --git a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/config.yaml b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/config.yaml
similarity index 88%
rename from common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/config.yaml
rename to common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/config.yaml
index 36fee66fa..d6fe4db16 100644
--- a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/config.yaml
+++ b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/config.yaml
@@ -1,7 +1,7 @@
-# PulseChain Testnet-V3 config
+# PulseChain Testnet-V4 config
 
 # Extends the mainnet preset
-CONFIG_NAME: 'pulsechain-testnet-v3'
+CONFIG_NAME: 'pulsechain-testnet-v4'
 PRESET_BASE: 'pulsechain'
 
 # Transition
@@ -14,7 +14,7 @@ MIN_GENESIS_ACTIVE_VALIDATOR_COUNT: 4096
 # Jan 28 2023 00:00:00 UTC
 MIN_GENESIS_TIME: 1674864000
 # Genesis Fork Version
-GENESIS_FORK_VERSION: 0x00000942
+GENESIS_FORK_VERSION: 0x00000943
 # 300 seconds
 GENESIS_DELAY: 300
 
@@ -26,10 +26,10 @@ GENESIS_DELAY: 300
 #  - Temporarily set to max uint64 value: 2**64 - 1
 
 # Altair
-ALTAIR_FORK_VERSION: 0x00000943
+ALTAIR_FORK_VERSION: 0x00000944
 ALTAIR_FORK_EPOCH: 1
 # Merge
-BELLATRIX_FORK_VERSION: 0x00000944
+BELLATRIX_FORK_VERSION: 0x00000945
 BELLATRIX_FORK_EPOCH: 2
 
 # Time parameters
@@ -68,6 +68,6 @@ PROPOSER_SCORE_BOOST: 40
 # Deposit contract
 # ---------------------------------------------------------------
 # Ethereum PoW Mainnet
-DEPOSIT_CHAIN_ID: 942
-DEPOSIT_NETWORK_ID: 942
+DEPOSIT_CHAIN_ID: 943
+DEPOSIT_NETWORK_ID: 943
 DEPOSIT_CONTRACT_ADDRESS: 0x3693693693693693693693693693693693693693
diff --git a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/deploy_block.txt b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/deploy_block.txt
similarity index 100%
rename from common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v3/deploy_block.txt
rename to common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/deploy_block.txt
diff --git a/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/genesis.ssz.zip b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/genesis.ssz.zip
new file mode 100644
index 000000000..48002b5ec
Binary files /dev/null and b/common/eth2_network_config/built_in_network_configs/pulsechain-testnet-v4/genesis.ssz.zip differ
diff --git a/consensus/types/presets/pulsechain/phase0.yaml b/consensus/types/presets/pulsechain/phase0.yaml
index 2074ca9b0..bd2c7d0fc 100644
--- a/consensus/types/presets/pulsechain/phase0.yaml
+++ b/consensus/types/presets/pulsechain/phase0.yaml
@@ -30,8 +30,8 @@ SAFE_SLOTS_TO_UPDATE_JUSTIFIED: 8
 MIN_DEPOSIT_AMOUNT: 1000000000
 # 2**5 * 10**15 (= 32,000,000,000,000,000) Gwei
 MAX_EFFECTIVE_BALANCE: 32000000000000000
-# 2**0 * 10**9 (= 1,000,000,000) Gwei
-EFFECTIVE_BALANCE_INCREMENT: 1000000000
+# 2**0 * 10**9 (= 1,000,000,000,000,000) Gwei
+EFFECTIVE_BALANCE_INCREMENT: 1000000000000000
 
 
 # Time parameters
@@ -66,8 +66,8 @@ VALIDATOR_REGISTRY_LIMIT: 1099511627776
 
 # Reward and penalty quotients
 # ---------------------------------------------------------------
-# 2**6 (= 64)
-BASE_REWARD_FACTOR: 64
+# 2**6 * 1e3 (= 64000)
+BASE_REWARD_FACTOR: 64000
 # 2**9 (= 512)
 WHISTLEBLOWER_REWARD_QUOTIENT: 512
 # 2**3 (= 8)
diff --git a/consensus/types/src/chain_spec.rs b/consensus/types/src/chain_spec.rs
index d5c3e48cc..d4f41d0ef 100644
--- a/consensus/types/src/chain_spec.rs
+++ b/consensus/types/src/chain_spec.rs
@@ -1001,6 +1001,10 @@ impl ChainSpec {
     pub fn pulsechain() -> Self {
         let mut spec = Self::mainnet();
         spec.config_name = Some("pulsechain".to_string());
+        spec.base_reward_factor = 64000;
+        spec.effective_balance_increment =
+            option_wrapper(|| u64::checked_pow(2, 0)?.checked_mul(u64::checked_pow(10, 15)?))
+                .expect("calculation does not overflow");
         spec.max_effective_balance =
             option_wrapper(|| u64::checked_pow(2, 5)?.checked_mul(u64::checked_pow(10, 15)?))
                 .expect("calculation does not overflow");