diff --git a/contrib/pyln-client/pyln/client/__init__.py b/contrib/pyln-client/pyln/client/__init__.py
index 7eb21eae1637..da82b8e3ec54 100644
--- a/contrib/pyln-client/pyln/client/__init__.py
+++ b/contrib/pyln-client/pyln/client/__init__.py
@@ -3,7 +3,7 @@
 from .gossmap import Gossmap, GossmapNode, GossmapChannel, GossmapHalfchannel, GossmapNodeId, LnFeatureBits
 from .gossmapstats import GossmapStats
 
-__version__ = "24.02"
+__version__ = "24.05rc1"
 
 __all__ = [
     "LightningRpc",
diff --git a/contrib/pyln-client/pyproject.toml b/contrib/pyln-client/pyproject.toml
index 0e1742a41836..8e71b2fbf32d 100644
--- a/contrib/pyln-client/pyproject.toml
+++ b/contrib/pyln-client/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "pyln-client"
-version = "24.02"
+version = "24.05rc1"
 description = "Client library and plugin library for Core Lightning"
 authors = ["Christian Decker <decker.christian@gmail.com>"]
 license = "BSD-MIT"
diff --git a/contrib/pyln-proto/pyln/proto/__init__.py b/contrib/pyln-proto/pyln/proto/__init__.py
index ca4ef4640cfa..7f21abc4a6c0 100644
--- a/contrib/pyln-proto/pyln/proto/__init__.py
+++ b/contrib/pyln-proto/pyln/proto/__init__.py
@@ -4,7 +4,7 @@
 from .onion import OnionPayload, TlvPayload, LegacyOnionPayload
 from .wire import LightningConnection, LightningServerSocket
 
-__version__ = "24.02"
+__version__ = "24.05rc1"
 
 __all__ = [
     "Invoice",
diff --git a/contrib/pyln-proto/pyproject.toml b/contrib/pyln-proto/pyproject.toml
index bd1561041325..aee01b8689bd 100644
--- a/contrib/pyln-proto/pyproject.toml
+++ b/contrib/pyln-proto/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "pyln-proto"
-version = "24.02"
+version = "24.05rc1"
 description = "This package implements some of the Lightning Network protocol in pure python. It is intended for protocol testing and some minor tooling only. It is not deemed secure enough to handle any amount of real funds (you have been warned!)."
 authors = ["Christian Decker <decker.christian@gmail.com>"]
 license = "BSD-MIT"
diff --git a/contrib/pyln-testing/pyln/testing/__init__.py b/contrib/pyln-testing/pyln/testing/__init__.py
index 966b3099b296..3adf0861d5e3 100644
--- a/contrib/pyln-testing/pyln/testing/__init__.py
+++ b/contrib/pyln-testing/pyln/testing/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "24.02"
+__version__ = "24.05rc1"
 
 __all__ = [
     "__version__",
diff --git a/contrib/pyln-testing/pyproject.toml b/contrib/pyln-testing/pyproject.toml
index 02239e7eceab..15d69f8c8c06 100644
--- a/contrib/pyln-testing/pyproject.toml
+++ b/contrib/pyln-testing/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "pyln-testing"
-version = "24.02"
+version = "24.05rc1"
 description = "Test your Core Lightning integration, plugins or whatever you want"
 authors = ["Christian Decker <decker.christian@gmail.com>"]
 license = "BSD-MIT"
diff --git a/plugins/clnrest/pyproject.toml b/plugins/clnrest/pyproject.toml
index 66a9a62870d3..2f3d179c2495 100644
--- a/plugins/clnrest/pyproject.toml
+++ b/plugins/clnrest/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "clnrest"
-version = "24.02"
+version = "24.05rc1"
 description = "Transforms RPC calls into REST APIs"
 authors = ["ShahanaFarooqui <sfarooqui@blockstream.com>"]
 
diff --git a/plugins/wss-proxy/pyproject.toml b/plugins/wss-proxy/pyproject.toml
index be129270e361..7a3901fb8044 100644
--- a/plugins/wss-proxy/pyproject.toml
+++ b/plugins/wss-proxy/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "wss-proxy"
-version = "24.02"
+version = "24.05rc1"
 description = "Web secure socket proxy"
 authors = ["ShahanaFarooqui <sfarooqui@blockstream.com>"]
 
diff --git a/poetry.lock b/poetry.lock
index 133ee5d22e35..cc62bea79a5f 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -433,7 +433,7 @@ colorama = {version = "*", markers = "platform_system == \"Windows\""}
 
 [[package]]
 name = "clnrest"
-version = "24.02"
+version = "24.05rc1"
 description = "Transforms RPC calls into REST APIs"
 optional = false
 python-versions = "^3.8"
@@ -1670,7 +1670,7 @@ files = [
 
 [[package]]
 name = "pyln-client"
-version = "24.02"
+version = "24.05rc1"
 description = "Client library and plugin library for Core Lightning"
 optional = false
 python-versions = "^3.8"
@@ -1704,7 +1704,7 @@ url = "contrib/pyln-grpc-proto"
 
 [[package]]
 name = "pyln-proto"
-version = "24.02"
+version = "24.05rc1"
 description = "This package implements some of the Lightning Network protocol in pure python. It is intended for protocol testing and some minor tooling only. It is not deemed secure enough to handle any amount of real funds (you have been warned!)."
 optional = false
 python-versions = "^3.8"
@@ -1724,7 +1724,7 @@ url = "contrib/pyln-proto"
 
 [[package]]
 name = "pyln-testing"
-version = "24.02"
+version = "24.05rc1"
 description = "Test your Core Lightning integration, plugins or whatever you want"
 optional = false
 python-versions = "^3.8"
@@ -2270,7 +2270,7 @@ h11 = ">=0.9.0,<1"
 
 [[package]]
 name = "wss-proxy"
-version = "24.02"
+version = "24.05rc1"
 description = "Web secure socket proxy"
 optional = false
 python-versions = "^3.8"