diff --git a/pantalaimon/main.py b/pantalaimon/main.py
index 419ba8d..3416dd0 100644
--- a/pantalaimon/main.py
+++ b/pantalaimon/main.py
@@ -132,7 +132,7 @@ async def message_router(receive_queue, send_queue, proxies):
         "connect to pantalaimon."
     )
 )
-@click.version_option(version="0.4", prog_name="pantalaimon")
+@click.version_option(version="0.5", prog_name="pantalaimon")
 @click.option(
     "--log-level",
     type=click.Choice(["error", "warning", "info", "debug"]),
diff --git a/pantalaimon/panctl.py b/pantalaimon/panctl.py
index efc05f2..596c1b4 100644
--- a/pantalaimon/panctl.py
+++ b/pantalaimon/panctl.py
@@ -690,7 +690,7 @@ class PanCtl:
         "the pantalaimon daemon."
     )
 )
-@click.version_option(version="0.4", prog_name="panctl")
+@click.version_option(version="0.5", prog_name="panctl")
 def main():
     loop = asyncio.get_event_loop()
     glib_loop = GLib.MainLoop()
diff --git a/setup.py b/setup.py
index b2b29f7..4300192 100644
--- a/setup.py
+++ b/setup.py
@@ -7,7 +7,7 @@ with open("README.md", encoding="utf-8") as f:
 
 setup(
     name="pantalaimon",
-    version="0.4",
+    version="0.5",
     url="https://github.com/matrix-org/pantalaimon",
     author="The Matrix.org Team",
     author_email="poljar@termina.org.uk",
@@ -29,7 +29,7 @@ setup(
         "cachetools >= 3.0.0"
         "prompt_toolkit>2<4",
         "typing;python_version<'3.5'",
-        "matrix-nio[e2e] >= 0.4.1"
+        "matrix-nio[e2e] >= 0.8.0"
     ],
     extras_require={
         "ui": [