diff --git a/front-end-tools/CHANGELOG.md b/front-end-tools/CHANGELOG.md
index a7a5fe6d..4f571cf4 100644
--- a/front-end-tools/CHANGELOG.md
+++ b/front-end-tools/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 3.1.0
+
+- Add option to `deriveFromChain` given a module reference in Step 2.
+
 ## 3.0.2
 
 - Fix error message when specifying input parameter without uploading schema.
diff --git a/front-end-tools/package.json b/front-end-tools/package.json
index 9f26e6e5..f1938bad 100644
--- a/front-end-tools/package.json
+++ b/front-end-tools/package.json
@@ -1,7 +1,7 @@
 {
     "name": "front-end-tools",
     "packageManager": "yarn@4.0.2",
-    "version": "3.0.2",
+    "version": "3.1.0",
     "license": "Apache-2.0",
     "engines": {
         "node": ">=16.x"
diff --git a/front-end-tools/src/components/InitComponent.tsx b/front-end-tools/src/components/InitComponent.tsx
index ffe2ba3a..541a42ae 100644
--- a/front-end-tools/src/components/InitComponent.tsx
+++ b/front-end-tools/src/components/InitComponent.tsx
@@ -703,8 +703,8 @@ export default function InitComponent(props: ConnectionProps) {
                 )}
                 {shouldWarnNoEmbeddedSchema && (
                     <Alert variant="warning">
-                        Warning: No schema was embedded in module. It is unknown if contract expects an input parameter.
-                        No parameter schemas will be displayed
+                        Warning: No schema was embedded in the module deployed on chain. It is unknown if contract
+                        expects an input parameter. No parameter schemas will be displayed
                     </Alert>
                 )}
                 {shouldWarnInputParameterInSchemaIgnored && (
diff --git a/front-end-tools/src/constants.ts b/front-end-tools/src/constants.ts
index 7b425422..c4031aa3 100644
--- a/front-end-tools/src/constants.ts
+++ b/front-end-tools/src/constants.ts
@@ -44,10 +44,10 @@ export const hexRegex = /^[0-9a-fA-F]+$/;
 // Module reference displayed as placeholder in the input field.
 export const MODULE_REFERENCE_PLACEHOLDER = '91225f9538ac2903466cc4ab07b6eb607a2cd349549f357dfdf4e6042dde0693';
 
-// Available options to select in step 2 for deriving values from the module references.
+// Available options to select in step 2 for deriving values from the module reference.
 export const DO_NOT_DERIVE = { value: "Don't derive", label: "Don't derive" };
 export const DERIVE_FROM_STEP_1 = { value: 'Derive from step 1', label: 'Derive from step 1' };
 export const DERIVE_FROM_CHAIN = { value: 'Derive from chain', label: 'Derive from chain' };
 
-// All available options to select in step 2 for deriving values from the module references.
+// All available options to select in step 2 for deriving values from the module reference.
 export const OPTIONS_DERIVE_FROM_MODULE_REFERENCE = [DO_NOT_DERIVE, DERIVE_FROM_STEP_1, DERIVE_FROM_CHAIN];