diff --git a/.release-please/.manifest.json b/.release-please/.manifest.json
index b41ee19..176120e 100644
--- a/.release-please/.manifest.json
+++ b/.release-please/.manifest.json
@@ -1,3 +1,3 @@
 {
-    ".": "0.4.0"
+    ".": "0.5.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a4b2a91..d40c6e0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,32 @@
 # Changelog
 
+## [0.5.0](https://github.com/nearuaguild/abstract-dao/compare/v0.4.0...v0.5.0) (2024-10-07)
+
+
+### ⚠ BREAKING CHANGES
+
+* remove `Actor` enum completely & use a single `AccountId` instead of `Vec<Actor>`
+
+### Miscellaneous Chores
+
+* release 0.5.0 ([e3eb3d8](https://github.com/nearuaguild/abstract-dao/commit/e3eb3d8b4b468cc69dbe1250ee4d30f7028790f7))
+
+
+### Documentation
+
+* fill Readme file ([2d9b119](https://github.com/nearuaguild/abstract-dao/commit/2d9b1191c277b74ca57d05badaf74889cc3a6f56))
+* leave comments to describe internal structures purpose ([a09875f](https://github.com/nearuaguild/abstract-dao/commit/a09875f355163d7401d35f82a3a9face8fb3a1da))
+
+
+### Bug Fixes
+
+* use `near_workspaces::compile_project()` to avoid errors due to the missing contract WASM file ([2e8b9a9](https://github.com/nearuaguild/abstract-dao/commit/2e8b9a9362ceb0617a7e371f16f6b909b6608cab))
+
+
+### Code Refactoring
+
+* remove `Actor` enum completely & use a single `AccountId` instead of `Vec&lt;Actor&gt;` ([ff85dca](https://github.com/nearuaguild/abstract-dao/commit/ff85dcaebbc0d95f700bda4a62a2b08bd3cc7eff))
+
 ## [0.4.0](https://github.com/nearuaguild/abstract-dao/compare/v0.3.0...v0.4.0) (2024-09-27)
 
 
diff --git a/Cargo.lock b/Cargo.lock
index a229743..20d92ba 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3365,7 +3365,7 @@ dependencies = [
 
 [[package]]
 name = "near_abstract_dao"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "ethers-contract",
  "ethers-core",
diff --git a/Cargo.toml b/Cargo.toml
index 7e74313..f48cf53 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -2,7 +2,7 @@
 description = "Abstract DAO brings Chain Abstraction for multiple chains"
 edition = "2021"
 name = "near_abstract_dao"
-version = "0.4.0"
+version = "0.5.0"
 # NEP-0330 is automatically implemented for all contracts built with https://github.com/near/cargo-near.
 # Link to the repository will be available via `contract_source_metadata` view-function.
 repository = "https://github.com/nearuaguild/abstract-dao"