diff --git a/loopdb/sqlc/migrations/000018_deposit_updates_index.down.sql b/loopdb/sqlc/migrations/000018_deposit_updates_index.down.sql
new file mode 100644
index 000000000..555ddd297
--- /dev/null
+++ b/loopdb/sqlc/migrations/000018_deposit_updates_index.down.sql
@@ -0,0 +1 @@
+DROP INDEX IF EXISTS deposit_updates_id_timestamp_index;
diff --git a/loopdb/sqlc/migrations/000018_deposit_updates_index.up.sql b/loopdb/sqlc/migrations/000018_deposit_updates_index.up.sql
new file mode 100644
index 000000000..426b28d90
--- /dev/null
+++ b/loopdb/sqlc/migrations/000018_deposit_updates_index.up.sql
@@ -0,0 +1 @@
+CREATE INDEX IF NOT EXISTS deposit_updates_id_timestamp_index ON deposit_updates(deposit_id, update_timestamp DESC);