diff --git a/client/ayon_usd/addon.py b/client/ayon_usd/addon.py
index 685503f..f27d78a 100644
--- a/client/ayon_usd/addon.py
+++ b/client/ayon_usd/addon.py
@@ -81,7 +81,8 @@ def _download_global_lakefs_binaries(self):
                 json.dump(init_data, json_file)
 
         if not utils.is_usd_lib_download_needed(settings):
-            self.log.info("USD Libs already available. Skipping download.")
+            # self.log.info("USD Libs already available. Skipping download.")
+            self.log.info("USD Libs are not needed or are already available. Skipping download.")
             return
 
         lake_fs_usd_lib_path = config.get_lakefs_usdlib_path(settings)
@@ -146,4 +147,4 @@ def _download_global_lakefs_binaries(self):
         )
         download_ui.setStyleSheet(style.load_stylesheet())
         download_ui.start()
-        self._download_window = download_ui
\ No newline at end of file
+        self._download_window = download_ui
diff --git a/client/ayon_usd/config.py b/client/ayon_usd/config.py
index 3f9b261..7abcc38 100644
--- a/client/ayon_usd/config.py
+++ b/client/ayon_usd/config.py
@@ -29,24 +29,43 @@ def get_global_lake_instance(settings=None):
     if not settings:
         settings = get_studio_settings()
     distribution = settings["usd"]["distribution"]
-    return wrapper.LakeCtl(
+
+    _LocalCache.lake_instance = wrapper.LakeCtl(
         server_url=distribution["server_uri"],
         access_key_id=distribution["access_key_id"],
         secret_access_key=distribution["secret_access_key"],
     )
+    return _LocalCache.lake_instance
+
+
+def _normalize_lakefs_repo_root(lake_fs_repo: str) -> str:
+    """Return a repo URI normalized for repo-root operations."""
+    lake_fs_repo = lake_fs_repo.strip()
+    if not lake_fs_repo.endswith("/"):
+        lake_fs_repo = f"{lake_fs_repo}/"
+    return lake_fs_repo
+
 
+def _normalize_lakefs_repo_base(lake_fs_repo: str) -> str:
+    """Return a repo URI normalized for object-path construction."""
+    return lake_fs_repo.strip().rstrip("/")
 
-def _get_lakefs_repo_items(lake_fs_repo: str) -> list:
+
+def _get_lakefs_repo_items(lake_fs_repo: str, settings=None) -> list:
     """Return all repo object names in the LakeFS repository"""
     if not lake_fs_repo:
         return []
-    return get_global_lake_instance().list_repo_objects(lake_fs_repo)
+
+    lake_fs_repo = _normalize_lakefs_repo_root(lake_fs_repo)
+
+    return get_global_lake_instance(settings).list_repo_objects(lake_fs_repo)
 
 
-def get_lakefs_usdlib_name(lake_fs_repo: str) -> str:
+def get_lakefs_usdlib_name(lake_fs_repo: str, settings=None) -> str:
     """Return AyonUsdBin/usd LakeFS repo object name for current platform."""
     platform_name = platform.system().lower()
-    lake_fs_repo_items = _get_lakefs_repo_items(lake_fs_repo)
+    lake_fs_repo = _normalize_lakefs_repo_base(lake_fs_repo)
+    lake_fs_repo_items = _get_lakefs_repo_items(lake_fs_repo, settings)
     for item in lake_fs_repo_items:
         if "AyonUsdBin/usd" in item and platform_name in item:
             return item
@@ -60,6 +79,6 @@ def get_lakefs_usdlib_name(lake_fs_repo: str) -> str:
 def get_lakefs_usdlib_path(settings: dict) -> str:
     """Return AyonUsdBin/usd LakeFS full url for current platform. """
     lake_fs_repo = settings["usd"]["distribution"]["server_repo"]
-    lake_fs_repo = lake_fs_repo.strip().rstrip("/")
-    usd_lib_conf = get_lakefs_usdlib_name(lake_fs_repo)
+    lake_fs_repo = _normalize_lakefs_repo_base(lake_fs_repo)
+    usd_lib_conf = get_lakefs_usdlib_name(lake_fs_repo, settings=settings)
     return f"{lake_fs_repo}/{usd_lib_conf}"
diff --git a/client/ayon_usd/utils.py b/client/ayon_usd/utils.py
index c629a8e..dc1b6a9 100644
--- a/client/ayon_usd/utils.py
+++ b/client/ayon_usd/utils.py
@@ -51,6 +51,9 @@ def is_usd_lib_download_needed(settings: dict) -> bool:
         bool: When true, a new download is required.
 
     """
+    # currently there is no need to download usd libs
+    return False
+
     lake_fs_repo = settings["usd"]["distribution"]["server_repo"]
     usd_lib_dir = os.path.abspath(get_downloaded_usd_root(lake_fs_repo))
     if not os.path.exists(usd_lib_dir):
diff --git a/server/settings/main.py b/server/settings/main.py
index d5f2e08..23b7780 100644
--- a/server/settings/main.py
+++ b/server/settings/main.py
@@ -113,7 +113,7 @@ class BinaryDistributionSettings(BaseSettingsModel):
                     "value to use the USD builds we provide.",
     )
     server_repo: str = SettingsField(
-        "lakefs://ayon-usd/v1.0.1/",
+        "lakefs://ayon-usd/v1.1.2/",
         title="Repository URI",
         description="The repository tag or branch URI within the LakeFs server.",
     )