diff --git a/VERSION b/VERSION
new file mode 100644
index 0000000000..17e51c385e
--- /dev/null
+++ b/VERSION
@@ -0,0 +1 @@
+0.1.1
diff --git a/params/version.go b/params/version.go
index 905daa6466..81f702e1b4 100644
--- a/params/version.go
+++ b/params/version.go
@@ -21,10 +21,10 @@ import (
 )
 
 const (
-	VersionMajor = 1        // Major version component of the current release
-	VersionMinor = 1        // Minor version component of the current release
-	VersionPatch = 3        // Patch version component of the current release
-	VersionMeta  = "stable" // Version metadata to append to the version string
+	VersionMajor = 0          // Major version component of the current release
+	VersionMinor = 1          // Minor version component of the current release
+	VersionPatch = 1          // Patch version component of the current release
+	VersionMeta  = "unstable" // Version metadata to append to the version string
 )
 
 // Version holds the textual version string.