diff --git a/docs/CHANGELOG.rst b/docs/CHANGELOG.rst
index 01ec4649..067983c3 100644
--- a/docs/CHANGELOG.rst
+++ b/docs/CHANGELOG.rst
@@ -1,6 +1,10 @@
 Change Log
 ==========
 
+v3.8.0
+------
+* Use branch name as default component ref
+
 v3.7.0
 ------
 * Architecture limited module builds fail to build locally
diff --git a/setup.py b/setup.py
index 33dde09b..481cea79 100644
--- a/setup.py
+++ b/setup.py
@@ -24,7 +24,7 @@ tests_require, _ = read_requirements(path.join(setup_py_path, "test-requirements
 setup(
     name="module-build-service",
     description="The Module Build Service for Modularity",
-    version="3.7.0",
+    version="3.8.0",
     classifiers=["Programming Language :: Python", "Topic :: Software Development :: Build Tools"],
     keywords="module build service fedora modularity koji mock rpm",
     author="The Factory 2.0 Team",