diff --git a/go.mod b/go.mod
index 2b43d44..61dc928 100644
--- a/go.mod
+++ b/go.mod
@@ -12,10 +12,7 @@ require (
 	github.com/jessevdk/go-flags v1.4.0
 	github.com/lightninglabs/lndclient v0.11.0-0
 	github.com/lightninglabs/protobuf-hex-display v1.3.3-0.20191212020323-b444784ce75d
-
-	// TODO(guggero): Bump lnd to the final v0.11.1-beta version once it's
-	// released.
-	github.com/lightningnetwork/lnd v0.11.0-beta.rc4.0.20200911014924-bc6e52888763
+	github.com/lightningnetwork/lnd v0.11.1-beta.rc3
 	github.com/lightningnetwork/lnd/cert v1.0.3
 	github.com/lightningnetwork/lnd/queue v1.0.4
 	github.com/stretchr/testify v1.5.1
diff --git a/go.sum b/go.sum
index 117478a..22995d5 100644
--- a/go.sum
+++ b/go.sum
@@ -30,8 +30,12 @@ github.com/btcsuite/btcutil v1.0.2 h1:9iZ1Terx9fMIOtq1VrwdqfsATL9MC2l8ZrUY6YZ2ut
 github.com/btcsuite/btcutil v1.0.2/go.mod h1:j9HUFwoQRsZL3V4n+qG+CUnEGHOarIxfC3Le2Yhbcts=
 github.com/btcsuite/btcutil/psbt v1.0.2 h1:gCVY3KxdoEVU7Q6TjusPO+GANIwVgr9yTLqM+a6CZr8=
 github.com/btcsuite/btcutil/psbt v1.0.2/go.mod h1:LVveMu4VaNSkIRTZu2+ut0HDBRuYjqGocxDMNS1KuGQ=
+github.com/btcsuite/btcutil/psbt v1.0.3-0.20200826194809-5f93e33af2b0 h1:3Zumkyl6PWyHuVJ04me0xeD9CnPOhNgeGpapFbzy7O4=
+github.com/btcsuite/btcutil/psbt v1.0.3-0.20200826194809-5f93e33af2b0/go.mod h1:LVveMu4VaNSkIRTZu2+ut0HDBRuYjqGocxDMNS1KuGQ=
 github.com/btcsuite/btcwallet v0.11.1-0.20200814001439-1d31f4ea6fc5 h1:1We7EuizBnX/17Q6O2dkeToyehxzUHo62Wv1c0ncr7c=
 github.com/btcsuite/btcwallet v0.11.1-0.20200814001439-1d31f4ea6fc5/go.mod h1:YkEbJaCyN6yncq5gEp2xG0OKDwus2QxGCEXTNF27w5I=
+github.com/btcsuite/btcwallet v0.11.1-0.20200904022754-2c5947a45222 h1:rh1FQAhh+BeR29twIFDM0RLOFpDK62tsABtUkWctTXw=
+github.com/btcsuite/btcwallet v0.11.1-0.20200904022754-2c5947a45222/go.mod h1:owv9oZqM0HnUW+ByF7VqOgfs2eb0ooiePW/+Tl/i/Nk=
 github.com/btcsuite/btcwallet/wallet/txauthor v1.0.0 h1:KGHMW5sd7yDdDMkCZ/JpP0KltolFsQcB973brBnfj4c=
 github.com/btcsuite/btcwallet/wallet/txauthor v1.0.0/go.mod h1:VufDts7bd/zs3GV13f/lXc/0lXrPnvxD/NvmpG/FEKU=
 github.com/btcsuite/btcwallet/wallet/txrules v1.0.0 h1:2VsfS0sBedcM5KmDzRMT3+b6xobqWveZGvjb+jFez5w=
@@ -182,8 +186,8 @@ github.com/lightninglabs/protobuf-hex-display v1.3.3-0.20191212020323-b444784ce7
 github.com/lightningnetwork/lightning-onion v1.0.2-0.20200501022730-3c8c8d0b89ea h1:oCj48NQ8u7Vz+MmzHqt0db6mxcFZo3Ho7M5gCJauY/k=
 github.com/lightningnetwork/lightning-onion v1.0.2-0.20200501022730-3c8c8d0b89ea/go.mod h1:rigfi6Af/KqsF7Za0hOgcyq2PNH4AN70AaMRxcJkff4=
 github.com/lightningnetwork/lnd v0.11.0-beta/go.mod h1:CzArvT7NFDLhVyW06+NJWSuWFmE6Ea+AjjA3txUBqTM=
-github.com/lightningnetwork/lnd v0.11.0-beta.rc4.0.20200911014924-bc6e52888763 h1:OUWOTo2BAcsnEaMQIf4gLktU3zGytx6pXrmjUNpZpdg=
-github.com/lightningnetwork/lnd v0.11.0-beta.rc4.0.20200911014924-bc6e52888763/go.mod h1:IvrqVCc5tN2on6E7IHhrwyiM7FCHZ92LphZD+v88LXY=
+github.com/lightningnetwork/lnd v0.11.1-beta.rc3 h1:f5xXgMiOx+3ez/dOTdRqZfYMtqqoz/+5kjwk5hdzAWk=
+github.com/lightningnetwork/lnd v0.11.1-beta.rc3/go.mod h1:PGIgxy8aH70Li33YVYkHSaCM8m8LjEevk5h1Dpldrr4=
 github.com/lightningnetwork/lnd/cert v1.0.2/go.mod h1:fmtemlSMf5t4hsQmcprSoOykypAPp+9c+0d0iqTScMo=
 github.com/lightningnetwork/lnd/cert v1.0.3 h1:/K2gjzLgVI8we2IIPKc0ztWTEa85uds5sWXi1K6mOT0=
 github.com/lightningnetwork/lnd/cert v1.0.3/go.mod h1:3MWXVLLPI0Mg0XETm9fT4N9Vyy/8qQLmaM5589bEggM=
diff --git a/loopd/macaroons.go b/loopd/macaroons.go
index 07c4e93..43aacae 100644
--- a/loopd/macaroons.go
+++ b/loopd/macaroons.go
@@ -147,9 +147,8 @@ func (d *Daemon) startMacaroonService() error {
 		// existing permissions (equivalent to the admin.macaroon in
 		// lnd). Custom macaroons can be created through the bakery
 		// RPC.
-		loopMac, err := d.macaroonService.NewMacaroon(
-			ctx, macaroons.DefaultRootKeyID,
-			allPermissions...,
+		loopMac, err := d.macaroonService.Oven.NewMacaroon(
+			ctx, bakery.LatestVersion, nil, allPermissions...,
 		)
 		if err != nil {
 			return err