diff --git a/packaging/templates/package_scripts/control b/packaging/templates/package_scripts/control
index 36b5fe09fa..18583227ab 100644
--- a/packaging/templates/package_scripts/control
+++ b/packaging/templates/package_scripts/control
@@ -1,5 +1,5 @@
 Source: bor
-Version: 0.5.0-beta-2
+Version: 0.5.0-beta-3
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.arm64 b/packaging/templates/package_scripts/control.arm64
index ce9036ff26..61cf7c8678 100644
--- a/packaging/templates/package_scripts/control.arm64
+++ b/packaging/templates/package_scripts/control.arm64
@@ -1,5 +1,5 @@
 Source: bor
-Version: 0.5.0-beta-2
+Version: 0.5.0-beta-3
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.amd64 b/packaging/templates/package_scripts/control.profile.amd64
index a405dde351..c846a6d733 100644
--- a/packaging/templates/package_scripts/control.profile.amd64
+++ b/packaging/templates/package_scripts/control.profile.amd64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 0.5.0-beta-2
+Version: 0.5.0-beta-3
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.arm64 b/packaging/templates/package_scripts/control.profile.arm64
index bc707faa8d..18640c9e75 100644
--- a/packaging/templates/package_scripts/control.profile.arm64
+++ b/packaging/templates/package_scripts/control.profile.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 0.5.0-beta-2
+Version: 0.5.0-beta-3
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator b/packaging/templates/package_scripts/control.validator
index a886578a69..95bbb4e7d2 100644
--- a/packaging/templates/package_scripts/control.validator
+++ b/packaging/templates/package_scripts/control.validator
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 0.5.0-beta-2
+Version: 0.5.0-beta-3
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator.arm64 b/packaging/templates/package_scripts/control.validator.arm64
index d48a55232f..29303c724e 100644
--- a/packaging/templates/package_scripts/control.validator.arm64
+++ b/packaging/templates/package_scripts/control.validator.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 0.5.0-beta-2
+Version: 0.5.0-beta-3
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/params/version.go b/params/version.go
index 0af1dd093f..eeedf0fc13 100644
--- a/params/version.go
+++ b/params/version.go
@@ -24,7 +24,7 @@ const (
 	VersionMajor = 0        // Major version component of the current release
 	VersionMinor = 5        // Minor version component of the current release
 	VersionPatch = 0        // Patch version component of the current release
-	VersionMeta  = "beta-2" // Version metadata to append to the version string
+	VersionMeta  = "beta-3" // Version metadata to append to the version string
 )
 
 var GitCommit string