diff --git a/contracts/mixins/Versioned.sol b/contracts/mixins/Versioned.sol
index 7518551125..c70c7a8857 100644
--- a/contracts/mixins/Versioned.sol
+++ b/contracts/mixins/Versioned.sol
@@ -4,7 +4,7 @@ pragma solidity 0.8.19;
 import "../interfaces/IVersioned.sol";
 
 // This value should be updated on each release
-string constant VERSION = "3.0.1";
+string constant VERSION = "3.1.0";
 
 /**
  * @title Versioned
diff --git a/contracts/plugins/assets/VersionedAsset.sol b/contracts/plugins/assets/VersionedAsset.sol
index ac8371e7f2..b36945769d 100644
--- a/contracts/plugins/assets/VersionedAsset.sol
+++ b/contracts/plugins/assets/VersionedAsset.sol
@@ -4,7 +4,7 @@ pragma solidity 0.8.19;
 import "../../interfaces/IVersioned.sol";
 
 // This value should be updated on each release
-string constant ASSET_VERSION = "3.0.1";
+string constant ASSET_VERSION = "3.1.0";
 
 /**
  * @title VersionedAsset
diff --git a/test/fixtures.ts b/test/fixtures.ts
index 8726a3e434..6244d68ff3 100644
--- a/test/fixtures.ts
+++ b/test/fixtures.ts
@@ -80,7 +80,7 @@ export const ORACLE_ERROR = fp('0.01') // 1% oracle error
 export const REVENUE_HIDING = fp('0') // no revenue hiding by default; test individually
 
 // This will have to be updated on each release
-export const VERSION = '3.0.1'
+export const VERSION = '3.1.0'
 
 export type Collateral =
   | FiatCollateral