diff --git a/VERSION b/VERSION
index 267577d47e49..8f0916f768f0 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.1
+0.5.0
diff --git a/analytical_engine/CMakeLists.txt b/analytical_engine/CMakeLists.txt
index fc98e59b62e3..2805b261bafc 100644
--- a/analytical_engine/CMakeLists.txt
+++ b/analytical_engine/CMakeLists.txt
@@ -2,8 +2,8 @@ cmake_minimum_required(VERSION 3.1)
 
 if ("${GRAPHSCOPE_VERSION}" STREQUAL "")
     set(GRAPHSCOPE_ANALYTICAL_MAJOR_VERSION 0)
-    set(GRAPHSCOPE_ANALYTICAL_MINOR_VERSION 4)
-    set(GRAPHSCOPE_ANALYTICAL_PATCH_VERSION 1)
+    set(GRAPHSCOPE_ANALYTICAL_MINOR_VERSION 5)
+    set(GRAPHSCOPE_ANALYTICAL_PATCH_VERSION 0)
     set(GRAPHSCOPE_ANALYTICAL_VERSION ${GRAPHSCOPE_ANALYTICAL_MAJOR_VERSION}.${GRAPHSCOPE_ANALYTICAL_MINOR_VERSION}.${GRAPHSCOPE_ANALYTICAL_PATCH_VERSION})
 else ()
     set(GRAPHSCOPE_ANALYTICAL_MAJOR_VERSION ${GRAPHSCOPE_MAJOR_VERSION})
diff --git a/charts/graphscope-store/Chart.yaml b/charts/graphscope-store/Chart.yaml
index 91b6381b687a..8ba59065ad2b 100644
--- a/charts/graphscope-store/Chart.yaml
+++ b/charts/graphscope-store/Chart.yaml
@@ -1,7 +1,7 @@
 annotations:
   category: Database
 apiVersion: v2
-appVersion: 0.4.1
+appVersion: 0.5.0
 description: Chart to create a GraphScope Store cluster
 home: https://graphscope.io
 keywords:
@@ -11,7 +11,7 @@ keywords:
 name: graphscope-store
 sources:
   - https://github.com/alibaba/GraphScope/tree/main/interactive_engine/src/v2/src/main
-version: 0.4.1
+version: 0.5.0
 
 dependencies:
   - condition: kafka.enabled
diff --git a/charts/graphscope/Chart.yaml b/charts/graphscope/Chart.yaml
index a7ffb416ddb2..4225352f6968 100644
--- a/charts/graphscope/Chart.yaml
+++ b/charts/graphscope/Chart.yaml
@@ -26,10 +26,10 @@ 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: 0.4.1
+version: 0.5.0
 
 # 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: "0.4.1"
+appVersion: "0.5.0"
diff --git a/coordinator/gscoordinator/version.py b/coordinator/gscoordinator/version.py
index 4f1e0f28d533..2b1ebbab58c1 100644
--- a/coordinator/gscoordinator/version.py
+++ b/coordinator/gscoordinator/version.py
@@ -26,7 +26,7 @@
         __version__ = fp.read().strip()
     __version_tuple__ = (int(v) for v in __version__.split("."))
 else:
-    __version__ = "0.4.1"
-    __version_tuple__ = (0, 4, 1)
+    __version__ = "0.5.0"
+    __version_tuple__ = (0, 5, 0)
 
 del version_file_path
diff --git a/python/graphscope/config.py b/python/graphscope/config.py
index 2e3aedcab03e..3e8ba53a2c5b 100644
--- a/python/graphscope/config.py
+++ b/python/graphscope/config.py
@@ -54,16 +54,16 @@ class GSConfig(object):
 
     # etcd resource configuration
     k8s_etcd_num_pods = 1
-    k8s_etcd_cpu = 0.2
-    k8s_etcd_mem = "128Mi"
+    k8s_etcd_cpu = 1.0
+    k8s_etcd_mem = "512Mi"
 
     # zookeeper resource configuration
     k8s_zookeeper_cpu = 0.2
-    k8s_zookeeper_mem = "128Mi"
+    k8s_zookeeper_mem = "512Mi"
 
     # GIE graph manager resource configuration
     k8s_gie_graph_manager_cpu = 0.2
-    k8s_gie_graph_manager_mem = "256Mi"
+    k8s_gie_graph_manager_mem = "512Mi"
 
     # GIE gremlin server resource configuration
     k8s_gie_gremlin_server_cpu = 0.5
@@ -72,7 +72,7 @@ class GSConfig(object):
     # vineyard resource configuration
     k8s_vineyard_daemonset = "none"
     k8s_vineyard_cpu = 0.2
-    k8s_vineyard_mem = "128Mi"
+    k8s_vineyard_mem = "512Mi"
     vineyard_shared_mem = "4Gi"
 
     # engine resource configuration
@@ -106,7 +106,7 @@ class GSConfig(object):
     # GIE instance will be created automatically when a property graph loaded.
     # Otherwise, you should create a GIE instance manually by `sess.gremlin` if
     # `initializing_interactive_engine` is False
-    initializing_interactive_engine = True
+    initializing_interactive_engine = False
 
     timeout_seconds = 600
 
diff --git a/python/graphscope/version.py b/python/graphscope/version.py
index 4f1e0f28d533..2b1ebbab58c1 100644
--- a/python/graphscope/version.py
+++ b/python/graphscope/version.py
@@ -26,7 +26,7 @@
         __version__ = fp.read().strip()
     __version_tuple__ = (int(v) for v in __version__.split("."))
 else:
-    __version__ = "0.4.1"
-    __version_tuple__ = (0, 4, 1)
+    __version__ = "0.5.0"
+    __version_tuple__ = (0, 5, 0)
 
 del version_file_path