diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 3dcc2dbea..7aae6116c 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.2.22"
+  ".": "0.2.23"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3de746b95..7218fea4a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [0.2.23](https://github.com/open-feature/open-feature-operator/compare/v0.2.22...v0.2.23) (2023-01-06)
+
+
+### Features
+
+* upgrade flagd to v0.3.0 ([20571e1](https://github.com/open-feature/open-feature-operator/commit/20571e1018e102ffbcf01b2518fcbf8b66a287be))
+
 ## [0.2.22](https://github.com/open-feature/open-feature-operator/compare/v0.2.21...v0.2.22) (2022-12-16)
 
 
diff --git a/Makefile b/Makefile
index 2e354d24b..f7fdea6b6 100644
--- a/Makefile
+++ b/Makefile
@@ -5,7 +5,7 @@ IMG ?= controller:latest
 KUSTOMIZE_OVERLAY ?= DEFAULT
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
 FLAGD_VERSION=v0.3.0
-CHART_VERSION=v0.2.22# x-release-please-version
+CHART_VERSION=v0.2.23# x-release-please-version
 ENVTEST_K8S_VERSION = 1.25
 
 # Get the currently used golang install path (in GOPATH/bin, unless GOBIN is set)
diff --git a/chart/open-feature-operator/Chart.yaml b/chart/open-feature-operator/Chart.yaml
index 25c6a6be3..1dc74b25f 100755
--- a/chart/open-feature-operator/Chart.yaml
+++ b/chart/open-feature-operator/Chart.yaml
@@ -13,9 +13,9 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: "v0.2.22" # x-release-please-version
+version: "v0.2.23" # x-release-please-version
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "v0.2.22" # x-release-please-version
+appVersion: "v0.2.23" # x-release-please-version
diff --git a/chart/open-feature-operator/values.yaml b/chart/open-feature-operator/values.yaml
index 648777346..e9d753ee9 100644
--- a/chart/open-feature-operator/values.yaml
+++ b/chart/open-feature-operator/values.yaml
@@ -16,7 +16,7 @@ controllerManager:
   manager:
     image:
       repository: ghcr.io/open-feature/open-feature-operator
-      tag: v0.2.22 # x-release-please-version
+      tag: v0.2.23 # x-release-please-version
     resources:
       limits:
         cpu: 500m
diff --git a/docs/installation.md b/docs/installation.md
index 3697af097..51a1cc35f 100644
--- a/docs/installation.md
+++ b/docs/installation.md
@@ -32,13 +32,13 @@ Apply the release yaml directly via kubectl
 <!-- x-release-please-start-version -->
 ```sh
 kubectl create namespace open-feature-operator-system
-kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.2.22/release.yaml
+kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.2.23/release.yaml
 ```
 <!-- x-release-please-end -->
 ### Uninstall
 <!-- x-release-please-start-version -->
 ```sh
-kubectl delete -f https://github.com/open-feature/open-feature-operator/releases/download/v0.2.22/release.yaml
+kubectl delete -f https://github.com/open-feature/open-feature-operator/releases/download/v0.2.23/release.yaml
 kubectl delete namespace open-feature-operator-system
 ```
 <!-- x-release-please-end -->