diff --git a/VERSION b/VERSION
index b0851ae43..17138f71f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.1.1-beta
+2.1.2-beta
diff --git a/params/version.go b/params/version.go
index 026b3de4d..da7fdfdd5 100644
--- a/params/version.go
+++ b/params/version.go
@@ -23,7 +23,7 @@ import (
 const (
 	VersionMajor = 2        // 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
+	VersionPatch = 2        // Patch version component of the current release
 	VersionMeta  = "beta" // Version metadata to append to the version string
 )