diff --git a/contracts/basic_staking/src/contract.rs b/contracts/basic_staking/src/contract.rs
index e447999a..d0161fe7 100644
--- a/contracts/basic_staking/src/contract.rs
+++ b/contracts/basic_staking/src/contract.rs
@@ -7,7 +7,7 @@ use shade_protocol::{
         StdError, StdResult, Uint128,
     },
     query_auth::helpers::{authenticate_permit, authenticate_vk, PermitAuthentication},
-    snip20::helpers::{register_receive, set_viewing_key_msg},
+    snip20::helpers::{balance_query, register_receive, set_viewing_key_msg},
     utils::{asset::Contract, pad_handle_result},
 };
 
@@ -241,5 +241,37 @@ pub fn migrate(deps: DepsMut, env: Env, _msg: MigrateMsg) -> StdResult<Response>
             &stake_token,
         )?);
     }
-    Ok(Response::default().add_messages(msgs))
+
+    // Rectify Total Staked
+    // (only referencing stake token amounts)
+    // total_staked = total balance - unclaimed rewards
+    let viewing_key = VIEWING_KEY.load(deps.storage)?;
+    let stake_token_balance = balance_query(
+        &deps.querier,
+        env.contract.address,
+        viewing_key,
+        &stake_token,
+    )?;
+    let reward_pools = REWARD_POOLS.load(deps.storage)?;
+    let mut unclaimed_stake_token_rewards = Uint128::zero();
+
+    for reward_pool in reward_pools {
+        if reward_pool.token.address == stake_token.address {
+            unclaimed_stake_token_rewards += reward_pool.amount - reward_pool.claimed;
+        }
+    }
+
+    let prev_total_staked = TOTAL_STAKED.load(deps.storage)?;
+    let total_staked = stake_token_balance - unclaimed_stake_token_rewards;
+    TOTAL_STAKED.save(deps.storage, &total_staked)?;
+
+    Ok(Response::default()
+        .add_messages(msgs)
+        .add_attribute("total_staked", total_staked)
+        .add_attribute("prev_total_staked", prev_total_staked)
+        .add_attribute("stake_token_balance", stake_token_balance)
+        .add_attribute(
+            "unclaimed_stake_token_rewards",
+            unclaimed_stake_token_rewards,
+        ))
 }
diff --git a/contracts/basic_staking/src/execute.rs b/contracts/basic_staking/src/execute.rs
index a61fb1bc..6224a464 100644
--- a/contracts/basic_staking/src/execute.rs
+++ b/contracts/basic_staking/src/execute.rs
@@ -538,6 +538,7 @@ pub fn unbond(
 
         // Reduce by unbonding
         user_staked -= amount;
+        total_staked -= amount;
 
         TOTAL_STAKED.save(deps.storage, &total_staked)?;
         USER_STAKED.save(deps.storage, info.sender.clone(), &user_staked)?;
diff --git a/contracts/basic_staking/tests/unbonding_withdrawals.rs b/contracts/basic_staking/tests/unbonding_withdrawals.rs
index d1f962f7..3d9fd6d9 100644
--- a/contracts/basic_staking/tests/unbonding_withdrawals.rs
+++ b/contracts/basic_staking/tests/unbonding_withdrawals.rs
@@ -247,6 +247,26 @@ fn unbonding_withdrawals(
         };
     }
 
+    let unbonded = unbonding_amounts.iter().sum::<Uint128>();
+    // check total staked
+    match (basic_staking::QueryMsg::TotalStaked {}
+        .test_query(&basic_staking, &app)
+        .unwrap())
+    {
+        basic_staking::QueryAnswer::TotalStaked { amount } => {
+            assert_eq!(
+                amount,
+                stake_amount - unbonded,
+                "Total staked {} != {} expected",
+                amount,
+                stake_amount - unbonded
+            );
+        }
+        _ => {
+            panic!("Total staked query failed");
+        }
+    };
+
     // Check snip20 received by user
     match (snip20::QueryMsg::Balance {
         key: viewing_key.clone(),