diff --git a/Cargo.toml b/Cargo.toml
index a018852..436681d 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "y-py"
-version = "0.4.6"
+version = "0.5.0"
 authors = ["John Waidhofer <waidhoferj@gmail.com>", "Kevin Jahns <kevin.jahns@protonmail.com>", "Pierre-Olivier Simonard <pierre.olivier.simonard@gmail.com>"]
 edition = "2018"
 homepage = "https://github.com/y-crdt/ypy"
@@ -13,8 +13,8 @@ name = "y_py"
 crate-type = ["cdylib"]
 
 [dependencies]
-lib0 = "0.7.0"
-yrs = "0.7.0"
+lib0 = "0.7.1"
+yrs = "0.7.1"
 
 
 [dependencies.pyo3]
diff --git a/docs/conf.py b/docs/conf.py
index d1cf7a2..968826d 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -23,7 +23,7 @@
 author = "Kevin Jahns, Bartosz Sypytkowski, John Waidhofer"
 
 # The full version, including alpha/beta/rc tags
-release = "0.2.2"
+release = "0.5.0"
 
 
 # -- General configuration ---------------------------------------------------