diff --git a/bitcoin/block.c b/bitcoin/block.c
index b7abf0b55..2d48fd56b 100644
--- a/bitcoin/block.c
+++ b/bitcoin/block.c
@@ -31,7 +31,7 @@ bitcoin_block_from_hex(const tal_t *ctx, const struct chainparams *chainparams,
 	pull(&p, &len, &b->hdr.merkle_hash, sizeof(b->hdr.merkle_hash));
 	b->hdr.timestamp = pull_le32(&p, &len);
 
-	if (is_elements) {
+	if (is_elements(chainparams)) {
 		b->elements_hdr = tal(b, struct elements_block_hdr);
 		b->elements_hdr->block_height = pull_le32(&p, &len);
 
@@ -76,7 +76,7 @@ void bitcoin_block_blkid(const struct bitcoin_block *b,
 	sha256_update(&shactx, &b->hdr.merkle_hash, sizeof(b->hdr.merkle_hash));
 	sha256_le32(&shactx, b->hdr.timestamp);
 
-	if (is_elements) {
+        if (is_elements(chainparams)) {
 		size_t clen = tal_bytelen(b->elements_hdr->proof.challenge);
 		sha256_le32(&shactx, b->elements_hdr->block_height);
 
diff --git a/bitcoin/signature.c b/bitcoin/signature.c
index 6bd7bcd90..30a50dad1 100644
--- a/bitcoin/signature.c
+++ b/bitcoin/signature.c
@@ -98,7 +98,7 @@ static void bitcoin_tx_hash_for_sig(const struct bitcoin_tx *tx, unsigned int in
 	u64 satoshis = tx->input_amounts[in]->satoshis /* Raw: sig-helper */;
 	int flags = WALLY_TX_FLAG_USE_WITNESS;
 
-	if (is_elements) {
+	if (is_elements(chainparams)) {
 		ret = wally_tx_confidential_value_from_satoshi(satoshis, value, sizeof(value));
 		assert(ret == WALLY_OK);
 		ret = wally_tx_get_elements_signature_hash(
diff --git a/bitcoin/test/run-bitcoin_block_from_hex.c b/bitcoin/test/run-bitcoin_block_from_hex.c
index 5246024a0..892183028 100644
--- a/bitcoin/test/run-bitcoin_block_from_hex.c
+++ b/bitcoin/test/run-bitcoin_block_from_hex.c
@@ -69,7 +69,8 @@ int main(void)
 	struct bitcoin_block *b;
 
 	setup_locale();
-	b = bitcoin_block_from_hex(NULL, chainparams_for_network("bitcoin"),
+	chainparams = chainparams_for_network("bitcoin");
+	b = bitcoin_block_from_hex(NULL, chainparams,
 				   block, strlen(block));
 
 	assert(b);
diff --git a/bitcoin/test/run-tx-encode.c b/bitcoin/test/run-tx-encode.c
index 3aba907f1..0b8ef963d 100644
--- a/bitcoin/test/run-tx-encode.c
+++ b/bitcoin/test/run-tx-encode.c
@@ -34,6 +34,7 @@ static void hexeq(const void *p, size_t len, const char *hex)
 int main(void)
 {
 	setup_locale();
+	chainparams = chainparams_for_network("bitcoin");
 
 	struct bitcoin_tx *tx;
 
diff --git a/bitcoin/tx.c b/bitcoin/tx.c
index 96b02b417..dd8df7c24 100644
--- a/bitcoin/tx.c
+++ b/bitcoin/tx.c
@@ -27,7 +27,7 @@ int bitcoin_tx_add_output(struct bitcoin_tx *tx, const u8 *script,
 	assert(tx->wtx != NULL);
 	assert(chainparams);
 
-	if (is_elements) {
+	if (chainparams->is_elements) {
 		u8 value[9];
 		ret = wally_tx_confidential_value_from_satoshi(satoshis, value,
 							       sizeof(value));
@@ -65,7 +65,8 @@ int bitcoin_tx_add_multi_outputs(struct bitcoin_tx *tx,
 static bool elements_tx_output_is_fee(const struct bitcoin_tx *tx, int outnum)
 {
 	assert(outnum < tx->wtx->num_outputs);
-	return is_elements && tx->wtx->outputs[outnum].script_len == 0;
+	return chainparams->is_elements &&
+	       tx->wtx->outputs[outnum].script_len == 0;
 }
 
 /**
@@ -82,7 +83,7 @@ static u64 bitcoin_tx_compute_fee(const struct bitcoin_tx *tx)
 		if (elements_tx_output_is_fee(tx, i))
 			continue;
 
-		if (!is_elements) {
+		if (!chainparams->is_elements) {
 			fee -= tx->wtx->outputs[i].satoshi; /* Raw: low-level helper */
 		} else {
 			beint64_t tmp;
@@ -103,7 +104,7 @@ int elements_tx_add_fee_output(struct bitcoin_tx *tx)
 	fee.satoshis = rawsats; /* Raw: need amounts later */
 
 	/* If we aren't using elements, we don't add explicit fee outputs */
-	if (!is_elements || rawsats == 0)
+	if (!chainparams->is_elements || rawsats == 0)
 		return -1;
 
 	/* Try to find any existing fee output */
@@ -135,7 +136,7 @@ int bitcoin_tx_add_input(struct bitcoin_tx *tx, const struct bitcoin_txid *txid,
 				  sizeof(struct bitcoin_txid), outnum, sequence,
 				  script, tal_bytelen(script),
 				  NULL /* Empty witness stack */, &input);
-	input->features = is_elements ? WALLY_TX_IS_ELEMENTS : 0;
+	input->features = chainparams->is_elements ? WALLY_TX_IS_ELEMENTS : 0;
 	wally_tx_add_input(tx->wtx, input);
 	wally_tx_input_free(input);
 
@@ -155,7 +156,7 @@ bool bitcoin_tx_check(const struct bitcoin_tx *tx)
 	if (wally_tx_get_length(tx->wtx, flags, &written) != WALLY_OK)
 		return false;
 
-	if (is_elements) {
+	if (chainparams->is_elements) {
 		flags |= WALLY_TX_FLAG_USE_ELEMENTS;
 	}
 
@@ -176,9 +177,9 @@ void bitcoin_tx_output_set_amount(struct bitcoin_tx *tx, int outnum,
 	u64 satoshis = amount.satoshis; /* Raw: low-level helper */
 	struct wally_tx_output *output = &tx->wtx->outputs[outnum];
 	assert(outnum < tx->wtx->num_outputs);
-	if (is_elements) {
-		int ret = wally_tx_confidential_value_from_satoshi(satoshis, output->value,
-							       output->value_len);
+	if (chainparams->is_elements) {
+		int ret = wally_tx_confidential_value_from_satoshi(
+		    satoshis, output->value, output->value_len);
 		assert(ret == WALLY_OK);
 	} else {
 		output->satoshi = satoshis;
@@ -318,7 +319,7 @@ static void push_tx(const struct bitcoin_tx *tx,
         if (bip144 && uses_witness(tx))
 		flag |= WALLY_TX_FLAG_USE_WITNESS;
 
-	if (is_elements)
+	if (chainparams->is_elements)
 		flag |= WALLY_TX_FLAG_USE_ELEMENTS;
 
 	res = wally_tx_get_length(tx->wtx, flag & WALLY_TX_FLAG_USE_WITNESS, &len);
@@ -408,7 +409,7 @@ struct bitcoin_tx *pull_bitcoin_tx(const tal_t *ctx, const u8 **cursor,
 	int flags = WALLY_TX_FLAG_USE_WITNESS;
 	struct bitcoin_tx *tx = tal(ctx, struct bitcoin_tx);
 
-	if (is_elements)
+	if (chainparams->is_elements)
 		flags |= WALLY_TX_FLAG_USE_ELEMENTS;
 
 	if (wally_tx_from_bytes(*cursor, *max, flags, &tx->wtx) != WALLY_OK) {
diff --git a/channeld/channeld.c b/channeld/channeld.c
index 4442934c6..c0504a0bf 100644
--- a/channeld/channeld.c
+++ b/channeld/channeld.c
@@ -3001,8 +3001,6 @@ static void init_channel(struct peer *peer)
 	}
 	/* stdin == requests, 3 == peer, 4 = gossip, 5 = gossip_store, 6 = HSM */
 	per_peer_state_set_fds(peer->pps, 3, 4, 5);
-
-	is_elements = chainparams->is_elements;
 	peer->chain_hash = chainparams->genesis_blockhash;
 
 	status_debug("init %s: remote_per_commit = %s, old_remote_per_commit = %s"
diff --git a/channeld/test/run-commit_tx.c b/channeld/test/run-commit_tx.c
index f220d8d34..94169ee58 100644
--- a/channeld/test/run-commit_tx.c
+++ b/channeld/test/run-commit_tx.c
@@ -465,11 +465,11 @@ int main(void)
 	u64 commitment_number, cn_obscurer;
 	struct amount_msat to_local, to_remote;
 	const struct htlc **htlcs, **htlc_map, **htlc_map2, **inv_htlcs;
-	const struct chainparams *chainparams = chainparams_for_network("bitcoin");
 
 	secp256k1_ctx = secp256k1_context_create(SECP256K1_CONTEXT_VERIFY
 						 | SECP256K1_CONTEXT_SIGN);
 	setup_tmpctx();
+	chainparams = chainparams_for_network("bitcoin");
 
 	htlcs = setup_htlcs(tmpctx);
 	inv_htlcs = invert_htlcs(htlcs);
diff --git a/channeld/test/run-full_channel.c b/channeld/test/run-full_channel.c
index 2fdd75ed0..e07536634 100644
--- a/channeld/test/run-full_channel.c
+++ b/channeld/test/run-full_channel.c
@@ -354,11 +354,11 @@ int main(void)
 	const struct htlc **htlc_map, **htlcs;
 	const u8 *funding_wscript, **wscripts;
 	size_t i;
-	const struct chainparams *chainparams = chainparams_for_network("bitcoin");
 
 	wally_init(0);
 	secp256k1_ctx = wally_get_secp_context();
 	setup_tmpctx();
+	chainparams = chainparams_for_network("bitcoin");
 
 	feerate_per_kw = tal_arr(tmpctx, u32, NUM_SIDES);
 	unknown = tal(tmpctx, struct pubkey);
diff --git a/common/htlc_tx.h b/common/htlc_tx.h
index 4664b5044..9c643d080 100644
--- a/common/htlc_tx.h
+++ b/common/htlc_tx.h
@@ -22,7 +22,7 @@ struct ripemd160;
 static inline size_t elements_add_overhead(size_t weight, size_t incount,
 					   size_t outcount)
 {
-	if (is_elements) {
+	if (chainparams->is_elements) {
 		/* Each transaction has surjection and rangeproof (both empty
 		 * for us as long as we use unblinded L-BTC transactions). */
 		weight += 2 * 4;
diff --git a/common/initial_commit_tx.h b/common/initial_commit_tx.h
index 2b75e4d2a..81f05c803 100644
--- a/common/initial_commit_tx.h
+++ b/common/initial_commit_tx.h
@@ -43,7 +43,7 @@ static inline struct amount_sat commit_tx_base_fee(u32 feerate_per_kw,
 	 */
 	weight += 172 * num_untrimmed_htlcs;
 
-	if (is_elements) {
+	if (chainparams->is_elements) {
 		/* Each transaction has surjection and rangeproof (both empty
 		 * for us as long as we use unblinded L-BTC transactions). */
 		weight += 2 * 4;
diff --git a/common/test/run-funding_tx.c b/common/test/run-funding_tx.c
index af91a2922..510eefbfd 100644
--- a/common/test/run-funding_tx.c
+++ b/common/test/run-funding_tx.c
@@ -110,11 +110,11 @@ int main(void)
 	struct bitcoin_signature sig;
 	struct bitcoin_address addr;
 	struct amount_sat tmpamt;
-	const struct chainparams *chainparams = chainparams_for_network("bitcoin");
 
 	secp256k1_ctx = secp256k1_context_create(SECP256K1_CONTEXT_VERIFY
 						 | SECP256K1_CONTEXT_SIGN);
 	setup_tmpctx();
+	chainparams = chainparams_for_network("bitcoin");
 
 	/* BOLT #3:
 	 *
diff --git a/common/utils.c b/common/utils.c
index 9139acb00..959f535c6 100644
--- a/common/utils.c
+++ b/common/utils.c
@@ -1,4 +1,5 @@
 #include "utils.h"
+#include <bitcoin/chainparams.h>
 #include <ccan/list/list.h>
 #include <ccan/str/hex/hex.h>
 #include <ccan/tal/str/str.h>
@@ -6,10 +7,14 @@
 
 secp256k1_context *secp256k1_ctx;
 const tal_t *tmpctx;
-bool is_elements = false;
 
 const struct chainparams *chainparams;
 
+bool is_elements(const struct chainparams *chainparams)
+{
+	return chainparams->is_elements;
+}
+
 char *tal_hexstr(const tal_t *ctx, const void *data, size_t len)
 {
 	char *str = tal_arr(ctx, char, hex_str_size(len));
diff --git a/common/utils.h b/common/utils.h
index 76cef0d27..85689e8a2 100644
--- a/common/utils.h
+++ b/common/utils.h
@@ -10,11 +10,12 @@
 
 extern secp256k1_context *secp256k1_ctx;
 
-/* FIXME: Instead of using this as a global, we might want to pass it as
- * context whenever we need it. The global var is just lazy... */
-extern bool is_elements;
 extern const struct chainparams *chainparams;
 
+/* Simple accessor function for our own dependencies to use, in order to avoid
+ * circular dependencies (should only be used in `bitcoin/y`). */
+bool is_elements(const struct chainparams *chainparams);
+
 /* Allocate and fill in a hex-encoded string of this data. */
 char *tal_hexstr(const tal_t *ctx, const void *data, size_t len);
 
diff --git a/lightningd/closing_control.c b/lightningd/closing_control.c
index 2c3873ff7..94f576b09 100644
--- a/lightningd/closing_control.c
+++ b/lightningd/closing_control.c
@@ -31,7 +31,7 @@ static struct amount_sat calc_tx_fee(struct amount_sat sat_in,
 		scriptlen = tal_bytelen(oscript);
 		tal_free(oscript);
 
-		if (is_elements && scriptlen == 0)
+		if (chainparams->is_elements && scriptlen == 0)
 			continue;
 
 		if (!amount_sat_sub(&fee, fee, amt))
diff --git a/lightningd/options.c b/lightningd/options.c
index 0472d9aba..9ce520527 100644
--- a/lightningd/options.c
+++ b/lightningd/options.c
@@ -247,7 +247,6 @@ static char *opt_set_network(const char *arg, struct lightningd *ld)
 	ld->topology->bitcoind->chainparams = chainparams;
 	if (!ld->topology->bitcoind->chainparams)
 		return tal_fmt(NULL, "Unknown network name '%s'", arg);
-	is_elements = ld->topology->bitcoind->chainparams->is_elements;
 	return NULL;
 }
 
diff --git a/onchaind/onchaind.c b/onchaind/onchaind.c
index fc38fe135..9ff92e594 100644
--- a/onchaind/onchaind.c
+++ b/onchaind/onchaind.c
@@ -727,7 +727,8 @@ static bool is_mutual_close(const struct bitcoin_tx *tx,
 	for (i = 0; i < tx->wtx->num_outputs; i++) {
 		const u8 *script = bitcoin_tx_output_get_script(tmpctx, tx, i);
 		/* To be paranoid, we only let each one match once. */
-		if (is_elements && (script == NULL || tal_bytelen(script) == 0)) {
+		if (chainparams->is_elements &&
+		    (script == NULL || tal_bytelen(script) == 0)) {
 			/* This is a fee output, ignore please */
 			continue;
 		} else if (scripteq(script, local_scriptpubkey)
@@ -1797,7 +1798,8 @@ static void handle_our_unilateral(const struct bitcoin_tx *tx,
 		const u8 *oscript = bitcoin_tx_output_get_script(tmpctx, tx, i);
 		struct amount_sat amt = bitcoin_tx_output_get_amount(tx, i);
 
-		if (is_elements && (oscript == NULL || tal_bytelen(oscript) == 0)) {
+		if (chainparams->is_elements &&
+		    (oscript == NULL || tal_bytelen(oscript) == 0)) {
 			status_debug("OUTPUT %zu is a fee output", i);
 			/* An empty script simply means that that this is a
 			 * fee output. */
@@ -2157,7 +2159,8 @@ static void handle_their_cheat(const struct bitcoin_tx *tx,
 		const u8 *oscript = bitcoin_tx_output_get_script(tmpctx, tx, i);
 		struct amount_sat amt = bitcoin_tx_output_get_amount(tx, i);
 
-		if (is_elements && (oscript == NULL || tal_bytelen(oscript) == 0)) {
+		if (chainparams->is_elements &&
+		    (oscript == NULL || tal_bytelen(oscript) == 0)) {
 			/* An empty script simply means that that this is a
 			 * fee output. */
 			out = new_tracked_output(tx->chainparams,
@@ -2390,7 +2393,8 @@ static void handle_their_unilateral(const struct bitcoin_tx *tx,
 		const u8 *oscript = bitcoin_tx_output_get_script(tmpctx, tx, i);
 		struct amount_sat amt = bitcoin_tx_output_get_amount(tx, i);
 
-		if (is_elements && (oscript == NULL || tal_bytelen(oscript) == 0)) {
+		if (chainparams->is_elements &&
+		    (oscript == NULL || tal_bytelen(oscript) == 0)) {
 			/* An empty script simply means that that this is a
 			 * fee output. */
 			out = new_tracked_output(tx->chainparams,
diff --git a/onchaind/test/run-grind_feerate-bug.c b/onchaind/test/run-grind_feerate-bug.c
index 0f27d6d25..aeb0e95cd 100644
--- a/onchaind/test/run-grind_feerate-bug.c
+++ b/onchaind/test/run-grind_feerate-bug.c
@@ -244,6 +244,8 @@ int main(void)
 	secp256k1_ctx = secp256k1_context_create(SECP256K1_CONTEXT_VERIFY
 						 | SECP256K1_CONTEXT_SIGN);
 	setup_tmpctx();
+	chainparams = chainparams_for_network("bitcoin");
+
 	htlcs[0].cltv_expiry = 585998;
 	htlcs[1].cltv_expiry = 585998;
 	htlcs[2].cltv_expiry = 586034;
diff --git a/onchaind/test/run-grind_feerate.c b/onchaind/test/run-grind_feerate.c
index 2b08e1e2a..486199594 100644
--- a/onchaind/test/run-grind_feerate.c
+++ b/onchaind/test/run-grind_feerate.c
@@ -201,6 +201,7 @@ int main(int argc, char *argv[])
 	secp256k1_ctx = secp256k1_context_create(SECP256K1_CONTEXT_VERIFY
 						 | SECP256K1_CONTEXT_SIGN);
 	setup_tmpctx();
+	chainparams = chainparams_for_network("bitcoin");
 	tx = bitcoin_tx_from_hex(tmpctx, "0200000001e1ebca08cf1c301ac563580a1126d5c8fcb0e5e2043230b852c726553caf1e1d0000000000000000000160ae0a000000000022002082e03c5a9cb79c82cd5a0572dc175290bc044609aabe9cc852d61927436041796d000000",
 				 strlen("0200000001e1ebca08cf1c301ac563580a1126d5c8fcb0e5e2043230b852c726553caf1e1d0000000000000000000160ae0a000000000022002082e03c5a9cb79c82cd5a0572dc175290bc044609aabe9cc852d61927436041796d000000"));
 	tx->chainparams = chainparams_for_network("regtest");
diff --git a/openingd/openingd.c b/openingd/openingd.c
index adc427dd1..40b6386a1 100644
--- a/openingd/openingd.c
+++ b/openingd/openingd.c
@@ -1451,7 +1451,6 @@ int main(int argc, char *argv[])
 	 * regtest modes, so we have a general "parameters for this chain"
 	 * function. */
 	state->chainparams = chainparams;
-	is_elements = state->chainparams->is_elements;
 
 	/*~ Initially we're not associated with a channel, but
 	 * handle_peer_gossip_or_error compares this. */
diff --git a/plugins/libplugin.c b/plugins/libplugin.c
index c66e8be89..7461f2a7d 100644
--- a/plugins/libplugin.c
+++ b/plugins/libplugin.c
@@ -543,7 +543,6 @@ static struct command_result *handle_init(struct command *init_cmd,
 	nettok = json_delve(buf, configtok, ".network");
 	network = json_strdup(tmpctx, buf, nettok);
 	chainparams = chainparams_for_network(network);
-	is_elements = chainparams->is_elements;
 
 	rpctok = json_delve(buf, configtok, ".rpc-file");
 	rpc_conn.fd = socket(AF_UNIX, SOCK_STREAM, 0);
diff --git a/wallet/test/run-wallet.c b/wallet/test/run-wallet.c
index 05b3c8b9d..6400f37a6 100644
--- a/wallet/test/run-wallet.c
+++ b/wallet/test/run-wallet.c
@@ -1298,6 +1298,7 @@ static bool test_wallet_payment_status_enum(void)
 int main(void)
 {
 	setup_locale();
+	chainparams = chainparams_for_network("bitcoin");
 
 	bool ok = true;
 	struct lightningd *ld;
diff --git a/wallet/wallet.c b/wallet/wallet.c
index fb4321349..ea4fcb467 100644
--- a/wallet/wallet.c
+++ b/wallet/wallet.c
@@ -372,7 +372,7 @@ static const struct utxo **wallet_select(const tal_t *ctx, struct wallet *w,
 		weight += (8 + 1 + BITCOIN_SCRIPTPUBKEY_P2WPKH_LEN) * 4;
 
 	/* A couple of things need to change for elements: */
-	if (is_elements) {
+	if (chainparams->is_elements) {
                 /* Each transaction has surjection and rangeproof (both empty
 		 * for us as long as we use unblinded L-BTC transactions). */
 		weight += 2 * 4;
@@ -425,7 +425,7 @@ static const struct utxo **wallet_select(const tal_t *ctx, struct wallet *w,
 		input_weight += 1 + (1 + 73 + 1 + 33);
 
 		/* Elements inputs have 6 bytes of blank proofs attached. */
-		if (is_elements)
+		if (chainparams->is_elements)
 			input_weight += 6;
 
 		weight += input_weight;
diff --git a/wire/fromwire.c b/wire/fromwire.c
index 64efec662..9fadeeb6b 100644
--- a/wire/fromwire.c
+++ b/wire/fromwire.c
@@ -398,5 +398,4 @@ void fromwire_chainparams(const u8 **cursor, size_t *max,
 	struct bitcoin_blkid genesis;
 	fromwire_bitcoin_blkid(cursor, max, &genesis);
 	*chainparams = chainparams_by_chainhash(&genesis);
-	is_elements = (*chainparams)->is_elements;
 }