diff --git a/Cargo.lock b/Cargo.lock
index 978f961dc..d5ca3ceaf 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -409,7 +409,7 @@ checksum = "58f929b4d672ea937a23a1ab494143d968337a5f47e56d0815df1e0890ddf174"
 
 [[package]]
 name = "linkerd2-proxy-api"
-version = "0.17.0"
+version = "0.18.0"
 dependencies = [
  "h2",
  "http",
diff --git a/Cargo.toml b/Cargo.toml
index 6f04802a0..a1b134b27 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "linkerd2-proxy-api"
-version = "0.17.0"
+version = "0.18.0"
 authors = ["Linkerd Developers <cncf-linkerd-dev@lists.cncf.io>"]
 license = "Apache-2.0"
 edition = "2021"