diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 9b17172e0..d3ad6bf0a 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,3 +1,9 @@
+# Release 4.0.8 - (Dec 17, 2020)
+ * fix decoding BIP21 URIs with uppercase schema (d40bedb2)
+ * psbt: put full derivation paths into PSBT by default (c8155129)
+ * invoices: allow address-reuse (#6609, #6852)
+ * A few other minor bugfixes.
+
 # Release 4.0.7 - (Dec 9, 2020)
  * kivy: fix open channel with 'max' amount
  * kivy: fix regression introduced in last release (a9fc440)
diff --git a/electrum/version.py b/electrum/version.py
index b02828382..496aa718c 100644
--- a/electrum/version.py
+++ b/electrum/version.py
@@ -1,5 +1,5 @@
-ELECTRUM_VERSION = '4.0.7'     # version of the client package
-APK_VERSION = '4.0.7.0'        # read by buildozer.spec
+ELECTRUM_VERSION = '4.0.8'     # version of the client package
+APK_VERSION = '4.0.8.0'        # read by buildozer.spec
 
 PROTOCOL_VERSION = '1.4'     # protocol version requested