diff --git a/hack/lib/init.sh b/hack/lib/init.sh
index 2baefc54d0a..f98f42694a4 100644
--- a/hack/lib/init.sh
+++ b/hack/lib/init.sh
@@ -26,7 +26,7 @@ YURT_LOCAL_BIN_DIR=${YURT_OUTPUT_DIR}/local/bin
 
 PROJECT_PREFIX=${PROJECT_PREFIX:-yurt}
 LABEL_PREFIX=${LABEL_PREFIX:-openyurt.io}
-GIT_VERSION=${GIT_VERSION:-v0.2.0}
+GIT_VERSION=${GIT_VERSION:-v0.3.0}
 GIT_COMMIT=$(git rev-parse HEAD)
 BUILD_DATE=$(date -u +'%Y-%m-%dT%H:%M:%SZ')
 REPO=${REPO:-openyurt}