diff --git a/release_notes.md b/release_notes.md
index fa300ead7..38afc603e 100644
--- a/release_notes.md
+++ b/release_notes.md
@@ -18,11 +18,6 @@ This file tracks release notes for the loop client.
 
 #### Breaking Changes
 
-* Autoloop now defaults to a slow publication deadline (30 minutes after
-  initiation) to reduce fees. To revert to the previous behavior, users can run
-  `loop setparams --fast`, which causes swap HTLCs to be published immediately
-  after initiation.
-
 #### Bug Fixes
 
 #### Maintenance
diff --git a/version.go b/version.go
index c7e119557..6335da712 100644
--- a/version.go
+++ b/version.go
@@ -27,7 +27,7 @@ const (
 	// Note: please update release_notes.md when you change these values.
 	appMajor uint = 0
 	appMinor uint = 31
-	appPatch uint = 0
+	appPatch uint = 1
 
 	// appPreRelease MUST only contain characters from semanticAlphabet per
 	// the semantic versioning spec.