diff --git a/CHANGELOG.md b/CHANGELOG.md
index ddd462e..35e9523 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,7 @@ All notable changes to this project will be documented in this file.
 
 The format is based on [Common Changelog](https://common-changelog.org).
 
+[1.1.8]: https://github.com/valory-xyz/autonolas-governance/compare/v1.1.7-post-internal-audit...v1.1.8
 [1.1.7]: https://github.com/valory-xyz/autonolas-governance/compare/v1.1.6...v1.1.7-post-internal-audit
 [1.1.6]: https://github.com/valory-xyz/autonolas-governance/compare/v1.1.5-pre-audit...v1.1.6
 [1.1.5]: https://github.com/valory-xyz/autonolas-governance/compare/v1.1.4...v1.1.5 
@@ -14,6 +15,13 @@ The format is based on [Common Changelog](https://common-changelog.org).
 [1.0.1]: https://github.com/valory-xyz/autonolas-governance/compare/v1.0.0...v1.0.1
 [1.0.0]: https://github.com/valory-xyz/autonolas-governance/releases/tag/v1.0.0
 
+## [v1.1.8] - 2023-12-18
+-  Updated the implementation of `GuardCM` contract for community multisig (CM) guard ([#101](https://github.com/valory-xyz/autonolas-governance/pull/101/files))
+- Updated documentation
+- Tests coverage
+- Refactor `GuardCM` contract ([#104](https://github.com/valory-xyz/autonolas-governance/pull/104)) reacting to the internal audit ([audit8](https://github.com/valory-xyz/autonolas-governance/tree/main/audits/internal8))
+
+
 ## [v1.1.7-post-internal-audit] - 2023-11-30
 - Created and deployed ERC20 token bridging contracts to Polygon mumbai and Ethereum goerli testnets ([#95](https://github.com/valory-xyz/autonolas-governance/pull/95))
 - Updated documentation and deployment scripts