diff --git a/.github/README.md b/.github/README.md
index 801e8b28..b089348f 100644
--- a/.github/README.md
+++ b/.github/README.md
@@ -1,6 +1,6 @@
 # The KYVE Network
 
-###### v1.3.1
+###### v1.3.2
 
 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/Makefile b/Makefile
index ad3ee575..620a9b55 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 COMMIT := $(shell git log -1 --format='%H')
 GO_VERSION := $(shell go version | cut -c 14- | cut -d' ' -f1 | cut -d'.' -f1,2)
-VERSION := v1.3.1 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
+VERSION := v1.3.2 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
 
 TEAM_ALLOCATION := 165000000000000
 ifeq ($(ENV),kaon)