diff --git a/version/version.go b/version/version.go
index <HASH>..<HASH> 100644
--- a/version/version.go
+++ b/version/version.go
@@ -24,7 +24,7 @@ import (
 var (
 	// MinClusterVersion is the min cluster version this etcd binary is compatible with.
 	MinClusterVersion = "3.0.0"
-	Version           = "3.1.0-alpha.1+git"
+	Version           = "3.1.0-rc.0"
 
 	// Git SHA Value will be set during build
 	GitSHA = "Not provided (use ./build instead of go build)"
version: bump up to <I>-rc<I>