diff --git a/CHANGELOG.md b/CHANGELOG.md
index 558b297a0..fcb6b86a3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,11 +1,29 @@
 # Lotus changelog
 
+# 1.5.0 / 2021-02-23
+
+This is a mandatory release of Lotus that introduces the fifth upgrade to the Filecoin network. The network upgrade occurs at height 550321, before which time all nodes must have updated to this release (or later). At this height, [v3 specs-actors](https://github.com/filecoin-project/specs-actors/releases/tag/v3.0.0) will take effect, which in turn implements the following two FIPs:
+
+- [FIP-0007 h/amt-v3](https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0007.md) which improves the performance of the Filecoin HAMT and AMT.
+- [FIP-0010 off-chain Window PoSt Verification](https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0010.md) which reduces the gas consumption of `SubmitWindowedPoSt` messages significantly by optimistically accepting Window PoSt proofs without verification, and allowing them to be disputed later by off-chain verifiers.
+
+Note that the integration of v3 actors was already completed in 1.4.2, this upgrade simply sets the epoch for the upgrade to occur.
+
+## Disputer
+
+FIP-0010 introduces the ability to dispute bad Window PoSts. Node operators are encouraged to run the new Lotus disputer alongside their Lotus daemons. For more information, see the announcement [here](https://github.com/filecoin-project/lotus/discussions/5617#discussioncomment-387333).
+
+## Changes
+
+- [#5341](https://github.com/filecoin-project/lotus/pull/5341)  Add a  `LOTUS_DISABLE_V3_ACTOR_MIGRATION` envvar
+    - Setting this envvar to 1 disables the v3 actor migration, should only be used in the event of a failed migration
+
 # 1.4.2 / 2021-02-17
 
 This is a large, and highly recommended, optional release with new features and improvements for lotus miner and deal-making UX. The release also integrates [v3 specs-actors](https://github.com/filecoin-project/specs-actors/releases/tag/v3.0.0), which implements two FIPs:
 
 - [FIP-0007 h/amt-v3](https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0007.md) which improves the performance of the Filecoin HAMT and AMT.
-- [FIP-0010 off-chain Window PoSt Verification](https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0010.md) which reduces the gas consumption of `SubmitedWindowedPost` messages significantly by optimistically accepting Window PoSt proofs without verification, and allowing them to be disputed later by off-chain verifiers.
+- [FIP-0010 off-chain Window PoSt Verification](https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0010.md) which reduces the gas consumption of `SubmitWindowedPoSt` messages significantly by optimistically accepting Window PoSt proofs without verification, and allowing them to be disputed later by off-chain verifiers.
  
 Note that this release does NOT set an upgrade epoch for v3 actors to take effect. That will be done in the upcoming 1.5.0 release.
  
diff --git a/build/version.go b/build/version.go
index 8e3ce5e8d..55b8d6b90 100644
--- a/build/version.go
+++ b/build/version.go
@@ -35,7 +35,7 @@ func buildType() string {
 }
 
 // BuildVersion is the local build version, set by build system
-const BuildVersion = "1.4.2"
+const BuildVersion = "1.5.0"
 
 func UserVersion() string {
 	return BuildVersion + buildType() + CurrentCommit