diff --git a/Makefile b/Makefile
index a2e77161..43ffc82a 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 := v1.4.0 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
 
 TEAM_ALLOCATION := 165000000000000
 ifeq ($(ENV),kaon)