diff --git a/VERSION b/VERSION
index 4a36342f..3edc3393 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-3.0.0
+3.1.0-rc2
diff --git a/cmd/constants.go b/cmd/constants.go
index 511247bc..5fc84efd 100644
--- a/cmd/constants.go
+++ b/cmd/constants.go
@@ -13,7 +13,7 @@ package cmd
 
 const (
 	// AppVersion is the current version of the app
-	AppVersion = "3.0.0"
+	AppVersion = "3.1.0-rc2"
 
 	// AppName is the name of the application to use in logging / places that require the artifact
 	AppName = "snowbridge"