diff --git a/VERSION b/VERSION
index 2bf1c1c..f90b1af 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.3.1
+2.3.2
diff --git a/requirements.txt b/requirements.txt
index 52e67d7..d29f34d 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -18,4 +18,4 @@
 structlog==19.2.0
 transitions==0.6.4
 txaioetcd==0.3.0
-voltha-protos==2.1.0
+voltha-protos==2.1.1