diff --git a/src/chainparamsbase.cpp b/src/chainparamsbase.cpp
index c846e94737..7ba8f57fb9 100644
--- a/src/chainparamsbase.cpp
+++ b/src/chainparamsbase.cpp
@@ -20,7 +20,7 @@ const std::string CBaseChainParams::DEFAULT = CBaseChainParams::LIQUID1;
 
 void SetupChainParamsBaseOptions()
 {
-    gArgs.AddArg("-chain=<chain>", "Use the chain <chain> (default: main). Reserved values: main, test, regtest", false, OptionsCategory::CHAINPARAMS);
+    gArgs.AddArg("-chain=<chain>", "Use the chain <chain> (default: liquidv1). Reserved values: main, test, regtest, liquidv1", false, OptionsCategory::CHAINPARAMS);
     gArgs.AddArg("-regtest", "Enter regression test mode, which uses a special chain in which blocks can be solved instantly. "
                                    "This is intended for regression testing tools and app development.", true, OptionsCategory::CHAINPARAMS);
     gArgs.AddArg("-testnet", "Use the test chain", false, OptionsCategory::CHAINPARAMS);