diff --git a/.changelog/745.trivial.md b/.changelog/745.trivial.md
new file mode 100644
index 000000000..e60649d5a
--- /dev/null
+++ b/.changelog/745.trivial.md
@@ -0,0 +1 @@
+Wording update for known addresses, added testnet faucet address
diff --git a/account-names/mainnet_consensus.json b/account-names/mainnet_consensus.json
index 06f3234a4..4b6bb9030 100644
--- a/account-names/mainnet_consensus.json
+++ b/account-names/mainnet_consensus.json
@@ -2,7 +2,7 @@
     {
         "Name": "Common Pool",
         "Address": "oasis1qrmufhkkyyf79s5za2r8yga9gnk4t446dcy3a5zm",
-        "Description": "This account contains pre-mined and confiscated tokens due to slashing and is used to reward token stakers."
+        "Description": "This account contains tokens allocated for staking rewards."
     },
     {
         "Name": "Fee Accumulator",
@@ -12,7 +12,7 @@
     {
         "Name": "Governance Escrow",
         "Address": "oasis1qp65laz8zsa9a305wxeslpnkh9x4dv2h2qhjz0ec",
-        "Description": "Contains deposited tokens required for confirming the governance transactions of the validators."
+        "Description": "Contains deposited tokens required for confirming governance transactions."
     },
     {
         "Name": "Burn Address",
@@ -34,4 +34,4 @@
         "Address": "oasis1qrnu9yhwzap7rqh6tdcdcpz0zf86hwhycchkhvt8",
         "Description": "Address of the Cipher account on consensus."
     }
-]
\ No newline at end of file
+]
diff --git a/account-names/testnet_consensus.json b/account-names/testnet_consensus.json
index 55c014a56..f05597da7 100644
--- a/account-names/testnet_consensus.json
+++ b/account-names/testnet_consensus.json
@@ -2,7 +2,7 @@
     {
         "Name": "Common Pool",
         "Address": "oasis1qrmufhkkyyf79s5za2r8yga9gnk4t446dcy3a5zm",
-        "Description": "This account contains pre-mined and confiscated tokens due to slashing and is used to reward token stakers."
+        "Description": "This account contains tokens allocated for staking rewards."
     },
     {
         "Name": "Fee Accumulator",
@@ -12,13 +12,18 @@
     {
         "Name": "Governance Escrow",
         "Address": "oasis1qp65laz8zsa9a305wxeslpnkh9x4dv2h2qhjz0ec",
-        "Description": "Contains deposited tokens required for confirming the governance transactions of the validators."
+        "Description": "Contains deposited tokens required for confirming governance transactions."
     },
     {
         "Name": "Burn Address",
         "Address": "oasis1qzq8u7xs328puu2jy524w3fygzs63rv3u5967970",
         "Description": "Reserved address for all irreversibly burnt tokens."
     },
+    {
+        "Name": "Faucet Address",
+        "Address": "oasis1qzna6nq9kuktjmxx2s84z38eysqyts84jc9lgdg2",
+        "Description": "This account contains TEST tokens distributed by the faucet."
+    },
     {
         "Name": "Sapphire",
         "Address": "oasis1qqczuf3x6glkgjuf0xgtcpjjw95r3crf7y2323xd",