diff --git a/deploy/1-deploy.ts b/deploy/1-deploy.ts
index b0d04126..4d2e5e8a 100644
--- a/deploy/1-deploy.ts
+++ b/deploy/1-deploy.ts
@@ -1,4 +1,4 @@
-import hre, { ethers } from "hardhat";
+import { ethers } from "hardhat";
 import { DeployFunction } from "hardhat-deploy/types";
 import { HardhatRuntimeEnvironment } from "hardhat/types";
 
@@ -24,7 +24,7 @@ const func: DeployFunction = async ({
     deterministicDeployment: false,
     args: [comptrollerAddress, WBNBAddress, vBNBAddress],
     proxy: {
-      owner: timelockAddress,
+      owner: live ? timelockAddress : deployer,
       proxyContract: "OpenZeppelinTransparentProxy",
       execute: {
         methodName: "initialize",
@@ -32,15 +32,6 @@ const func: DeployFunction = async ({
       },
     },
   });
-
-  const psr = await hre.ethers.getContract("ProtocolShareReserve");
-  const psrOwner = await psr.owner();
-
-  if (psrOwner === deployer) {
-    const tx = await psr.transferOwnership(timelockAddress);
-    await tx.wait();
-    console.log("Transferred ownership of PSR to Timelock");
-  }
 };
 
 func.tags = ["deploy"];