diff --git a/.github/README.md b/.github/README.md
index 3c290305..83db4850 100644
--- a/.github/README.md
+++ b/.github/README.md
@@ -1,6 +1,6 @@
 # The KYVE Network
 
-###### v1.1.2
+###### v1.1.3
 
 The KYVE consensus layer is the backbone of the KYVE ecosystem. This layer is a
 sovereign Delegated Proof of Stake network built using the
diff --git a/CHANGELOG.md b/CHANGELOG.md
index d1b45d24..c31507a0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,8 @@
 
 ## [Unreleased]
 
+## [v1.1.3](https://github.com/KYVENetwork/chain/releases/tag/v1.1.3) - 2023-05-25
+
 ### Bug Fixes
 
 - (deps) [#63](https://github.com/KYVENetwork/chain/pull/63) Bump IBC to [v6.1.1](https://github.com/cosmos/ibc-go/releases/tag/v6.1.1) to adhere to the [IBC Huckleberry Security Advisory](https://forum.cosmos.network/t/ibc-security-advisory-huckleberry).
diff --git a/Makefile b/Makefile
index 72fbf592..62cbbcc7 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 COMMIT := $(shell git log -1 --format='%H')
-VERSION := v1.1.2 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
+VERSION := v1.1.3 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
 
 TEAM_ALLOCATION := 165000000000000
 ifeq ($(ENV),kaon)