diff --git a/CHANGELOG.md b/CHANGELOG.md
index 77f9f5ece..7edf3ce83 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,8 +6,17 @@ This changelog format is based on [Keep a Changelog](https://keepachangelog.com/
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased](https://github.com/eth-brownie/brownie)
+
+## [1.20.7](https://github.com/eth-brownie/brownie/tree/v1.20.7) - 2025-01-07
 ### Added
-- `py.typed` marker
+- Support for vyper `0.4.0` ([#1793](https://github.com/eth-brownie/brownie/pull/1793))
+- `py.typed` marker ([#1794](https://github.com/eth-brownie/brownie/pull/1794))
+
+### Fixed
+- Improvements to caching ([#1786](https://github.com/eth-brownie/brownie/pull/1786))
+
+### Removed
+- `tqdm` progress bars during compiler installation ([#1785](https://github.com/eth-brownie/brownie/pull/1785))
 
 ## [1.20.6](https://github.com/eth-brownie/brownie/tree/v1.20.6) - 2024-06-22
 ### Added
diff --git a/brownie/_config.py b/brownie/_config.py
index 2b3ebe6a9..2e378fccb 100644
--- a/brownie/_config.py
+++ b/brownie/_config.py
@@ -19,7 +19,7 @@
 from brownie._expansion import expand_posix_vars
 from brownie._singleton import _Singleton
 
-__version__ = "1.20.6"
+__version__ = "1.20.7"
 
 BROWNIE_FOLDER = Path(__file__).parent
 DATA_FOLDER = Path.home().joinpath(".brownie")
diff --git a/brownie/project/compiler/vyper.py b/brownie/project/compiler/vyper.py
index acd754904..8b93d5933 100644
--- a/brownie/project/compiler/vyper.py
+++ b/brownie/project/compiler/vyper.py
@@ -77,7 +77,7 @@ def get_abi(contract_source: str, name: str) -> Dict:
             raise exc.with_traceback(None)
     else:
         try:
-            compiled = vvm.compile_standard(input_json, vyper_version=_active_version)
+            compiled = vvm.compile_standard(input_json, vyper_version=str(_active_version))
         except vvm.exceptions.VyperError as exc:
             raise CompilerError(exc, "vyper")
 
@@ -103,7 +103,7 @@ def _get_vyper_version_list() -> Tuple[List, List]:
 def install_vyper(*versions: str) -> None:
     """Installs vyper versions."""
     for version in versions:
-        vvm.install_vyper(version, show_progress=False)
+        vvm.install_vyper(str(version), show_progress=False)
 
 
 def find_vyper_versions(
@@ -150,7 +150,7 @@ def find_vyper_versions(
             )
 
         if not version or (install_latest and latest > version):
-            to_install.add(latest)
+            to_install.add(str(latest))
         elif latest and latest > version:
             new_versions.add(str(version))
 
diff --git a/setup.cfg b/setup.cfg
index 149409482..28560d976 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.20.6
+current_version = 1.20.7
 
 [bumpversion:file:setup.py]
 
diff --git a/setup.py b/setup.py
index e79b26cbf..99ef113a1 100644
--- a/setup.py
+++ b/setup.py
@@ -24,7 +24,7 @@
 setup(
     name="eth-brownie",
     packages=find_packages(),
-    version="1.20.6",  # don't change this manually, use bumpversion instead
+    version="1.20.7",  # don't change this manually, use bumpversion instead
     license="MIT",
     description="A Python framework for Ethereum smart contract deployment, testing and interaction.",  # noqa: E501
     long_description=long_description,