diff --git a/VERSION b/VERSION
index 09e8c6f..48080b4 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.4.2-dev
+v0.5.0
\ No newline at end of file
diff --git a/hack/common b/hack/common
index 97cc96a..e7e4c91 160000
--- a/hack/common
+++ b/hack/common
@@ -1 +1 @@
-Subproject commit 97cc96a1d70673f0668af6d0fd00cce3c654bd7b
+Subproject commit e7e4c918f5febdbee0e4f0355a3338bc31f70165