diff --git a/charts/deployment-operator/Chart.yaml b/charts/deployment-operator/Chart.yaml
index 27cf608d..231ab5d3 100644
--- a/charts/deployment-operator/Chart.yaml
+++ b/charts/deployment-operator/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 name: deployment-operator
 description: creates a new instance of the plural deployment operator
 appVersion: 0.5.0
-version: 0.4.56
+version: 0.5.0
 maintainers:
   - name: Plural
     url: https://www.plural.sh