diff --git a/Cargo.lock b/Cargo.lock
index 3afc519..06c67f0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1074,7 +1074,7 @@ checksum = "9844ddc3a6e533d62bba727eb6c28b5d360921d5175e9ff0f1e621a5c590a4d5"
 
 [[package]]
 name = "fips"
-version = "0.4.0-dev"
+version = "0.4.0-rc.1"
 dependencies = [
  "arc-swap",
  "bech32",
diff --git a/Cargo.toml b/Cargo.toml
index 80dfa76..f038df8 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "fips"
-version = "0.4.0-dev"
+version = "0.4.0-rc.1"
 edition = "2024"
 description = "A distributed, decentralized network routing protocol for mesh nodes connecting over arbitrary transports"
 license = "MIT"