diff --git a/packages/api-derive/src/democracy/referendums.ts b/packages/api-derive/src/democracy/referendums.ts
index c78584f4e7..d46429da16 100644
--- a/packages/api-derive/src/democracy/referendums.ts
+++ b/packages/api-derive/src/democracy/referendums.ts
@@ -14,16 +14,17 @@ import { memo } from '../util';
 
 export function referendums (api: ApiInterfaceRx): () => Observable<DerivedReferendum[]> {
   return memo((): Observable<DerivedReferendum[]> =>
-    api.query.democracy?.nextTally
+    // V2 vs V1 (and early V2)
+    api.query.democracy?.lowestUnbaked || api.query.democracy?.nextTally
       ? api.queryMulti<[ReferendumIndex, ReferendumIndex]>([
-        api.query.democracy.nextTally,
+        api.query.democracy.lowestUnbaked || api.query.democracy.nextTally,
         api.query.democracy.referendumCount
       ]).pipe(
-        switchMap(([nextTally, referendumCount]): Observable<DerivedReferendum[]> =>
-          referendumCount?.gt(nextTally) && referendumCount?.gtn(0)
+        switchMap(([earliest, referendumCount]): Observable<DerivedReferendum[]> =>
+          referendumCount?.gt(earliest) && referendumCount?.gtn(0)
             ? api.derive.democracy.referendumInfos(
-              [...Array(referendumCount.sub(nextTally).toNumber())].map((_, i): BN =>
-                nextTally.addn(i)
+              [...Array(referendumCount.sub(earliest).toNumber())].map((_, i): BN =>
+                earliest.addn(i)
               )
             )
             : of([])