diff --git a/.github/README.md b/.github/README.md
index 518f1d8b..e6d78ace 100644
--- a/.github/README.md
+++ b/.github/README.md
@@ -1,6 +1,6 @@
 # The KYVE Network
 
-###### v1.1.1
+###### v1.2.0
 
 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/CHANGELOG.md b/CHANGELOG.md
index b1a3e4fc..21290286 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,11 +14,15 @@
 
 ## [Unreleased]
 
+## [v1.2.0](https://github.com/KYVENetwork/chain/releases/tag/v1.2.0) - 2023-05-16
+
 ### Bug Fixes
 
-- [#48](https://github.com/KYVENetwork/chain/pull/48) Register amino types for full Ledger support.
+- [#48](https://github.com/KYVENetwork/chain/pull/48) Register Amino types for full Ledger support.
 - (`x/team`) [#45](https://github.com/KYVENetwork/chain/pull/45) Adjust vesting schedules of multiple KYVE Core Team members.
 
+## [v1.1.2](https://github.com/KYVENetwork/chain/releases/tag/v1.1.2) - 2023-05-12
+
 ### API Breaking
 
 - (`x/bundles`) [#42](https://github.com/KYVENetwork/chain/pull/42) Emit `VoteEvent` after `BundleProposedEvent` when submitting a bundle.
diff --git a/Makefile b/Makefile
index 715773e3..a1ec622e 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 COMMIT := $(shell git log -1 --format='%H')
-VERSION := v1.1.1 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
+VERSION := v1.2.0 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
 
 TEAM_ALLOCATION := 165000000000000
 ifeq ($(ENV),kaon)