diff --git a/CHANGELOG.md b/CHANGELOG.md
index ac428c5f..3accd0c1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,26 @@
 
 ## [Unreleased](https://github.com/osmosis-labs/mesh-security/tree/HEAD)
 
-[Full Changelog](https://github.com/osmosis-labs/mesh-security/compare/v0.8.0-alpha.1...HEAD)
+[Full Changelog](https://github.com/osmosis-labs/mesh-security/compare/v0.8.1-alpha.1...HEAD)
+
+## [v0.8.1-alpha.1](https://github.com/osmosis-labs/mesh-security/tree/v0.8.1-alpha.1) (2023-11-06)
+
+[Full Changelog](https://github.com/osmosis-labs/mesh-security/compare/v0.8.0-alpha.1...v0.8.1-alpha.1)
+
+**Closed issues:**
+
+- Slashing propagation accounting [\#139](https://github.com/osmosis-labs/mesh-security/issues/139)
+- Slashing-related messages [\#128](https://github.com/osmosis-labs/mesh-security/issues/128)
+- Improve cross-bond/unbond process [\#124](https://github.com/osmosis-labs/mesh-security/issues/124)
+- MVP slashing [\#112](https://github.com/osmosis-labs/mesh-security/issues/112)
+
+**Merged pull requests:**
+
+- 139/slashing proportional burn [\#159](https://github.com/osmosis-labs/mesh-security/pull/159) ([maurolacy](https://github.com/maurolacy))
+- Slashing propagation Consumer accounting [\#158](https://github.com/osmosis-labs/mesh-security/pull/158) ([maurolacy](https://github.com/maurolacy))
+- Slashing propagation acct [\#156](https://github.com/osmosis-labs/mesh-security/pull/156) ([maurolacy](https://github.com/maurolacy))
+- Virtual staking valset updates [\#153](https://github.com/osmosis-labs/mesh-security/pull/153) ([maurolacy](https://github.com/maurolacy))
+- Immediately release stake when possible [\#152](https://github.com/osmosis-labs/mesh-security/pull/152) ([uint](https://github.com/uint))
 
 ## [v0.8.0-alpha.1](https://github.com/osmosis-labs/mesh-security/tree/v0.8.0-alpha.1) (2023-10-19)
 
diff --git a/Cargo.toml b/Cargo.toml
index 939b2382..e54621c4 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -4,7 +4,7 @@ resolver = "2"
 
 [workspace.package]
 edition       = "2021"
-version       = "0.8.0-alpha.1"
+version       = "0.8.1-alpha.1"
 license       = "MIT"
 repository    = "https://github.com/osmosis-labs/mesh-security"
 
diff --git a/RELEASE_NOTES.md b/RELEASE_NOTES.md
index 6a6cef21..f0c9b5d0 100644
--- a/RELEASE_NOTES.md
+++ b/RELEASE_NOTES.md
@@ -1,3 +1,8 @@
+# 0.8.1-alpha.1
+
+- Slashing propagation accounting.
+- Improve cross-bond/unbond process.
+
 # 0.8.0-alpha.1
 
 - Add code coverage.