diff --git a/.devcontainer/devcontainer.json b/.devcontainer/devcontainer.json
index c6b721f..94fd9a0 100644
--- a/.devcontainer/devcontainer.json
+++ b/.devcontainer/devcontainer.json
@@ -6,7 +6,7 @@
 	"build": {
 		"dockerfile": "Dockerfile",
 		"args": {
-			"AVALANCHEGO_VERSION": "v1.11.13"
+			"AVALANCHEGO_VERSION": "v1.12.0"
 		}
 	},
 	"runArgs": ["--network=host"],
diff --git a/.github/workflows/tests.yml b/.github/workflows/tests.yml
index 595b465..fee1fc3 100644
--- a/.github/workflows/tests.yml
+++ b/.github/workflows/tests.yml
@@ -9,7 +9,7 @@ on:
   pull_request:
 
 env:
-  min_go_version: "~1.21.12"
+  min_go_version: "~1.22.8"
 
 jobs:
   lint_test:
diff --git a/compatibility.json b/compatibility.json
index 4c7d3b9..31df981 100644
--- a/compatibility.json
+++ b/compatibility.json
@@ -1,5 +1,6 @@
 {
   "rpcChainVMProtocolVersion": {
+    "v0.3.0": 38,
     "v0.2.5": 38,
     "v0.2.4": 37,
     "v0.2.3": 35,
diff --git a/go.mod b/go.mod
index 2bed126..1823201 100644
--- a/go.mod
+++ b/go.mod
@@ -3,8 +3,8 @@ module github.com/ava-labs/precompile-evm
 go 1.22.8
 
 require (
-	github.com/ava-labs/avalanchego v1.11.13
-	github.com/ava-labs/subnet-evm v0.6.12
+	github.com/ava-labs/avalanchego v1.12.0
+	github.com/ava-labs/subnet-evm v0.7.0
 	github.com/onsi/ginkgo/v2 v2.13.1
 	github.com/onsi/gomega v1.29.0
 	github.com/stretchr/testify v1.9.0
diff --git a/go.sum b/go.sum
index 58e135c..88bfd00 100644
--- a/go.sum
+++ b/go.sum
@@ -56,12 +56,12 @@ github.com/ajg/form v1.5.1/go.mod h1:uL1WgH+h2mgNtvBq0339dVnzXdBETtL2LeUXaIv25UY
 github.com/allegro/bigcache v1.2.1-0.20190218064605-e24eb225f156 h1:eMwmnE/GDgah4HI848JfFxHt+iPb26b4zyfspmqY0/8=
 github.com/allegro/bigcache v1.2.1-0.20190218064605-e24eb225f156/go.mod h1:Cb/ax3seSYIx7SuZdm2G2xzfwmv3TPSk2ucNfQESPXM=
 github.com/armon/consul-api v0.0.0-20180202201655-eb2c6b5be1b6/go.mod h1:grANhF5doyWs3UAsr3K4I6qtAmlQcZDesFNEHPZAzj8=
-github.com/ava-labs/avalanchego v1.11.13 h1:1lcDZ9ILZgeiv7IwL4TuFTyglgZMr9QBOnpLHX+Qy5k=
-github.com/ava-labs/avalanchego v1.11.13/go.mod h1:yhD5dpZyStIVbxQ550EDi5w5SL7DQ/xGE6TIxosb7U0=
+github.com/ava-labs/avalanchego v1.12.0 h1:NBx0vSOY1dCT0PeJzojIhNhx0NMQNem4GgTEN+v8Sx4=
+github.com/ava-labs/avalanchego v1.12.0/go.mod h1:yhD5dpZyStIVbxQ550EDi5w5SL7DQ/xGE6TIxosb7U0=
 github.com/ava-labs/coreth v0.13.9-rc.1 h1:qIICpC/OZGYUP37QnLgIqqwGmxnLwLpZaUlqJNI85vU=
 github.com/ava-labs/coreth v0.13.9-rc.1/go.mod h1:7aMsRIo/3GBE44qWZMjnfqdqfcfZ5yShTTm2LObLaYo=
-github.com/ava-labs/subnet-evm v0.6.12 h1:jL3FmjdFcNfS0qwbehwN6DkAg9y7zexB1riiGBxRsM0=
-github.com/ava-labs/subnet-evm v0.6.12/go.mod h1:vffwL4UqAh7ibpWjveUuUhamm3a9w75q92bG5vXdX5k=
+github.com/ava-labs/subnet-evm v0.7.0 h1:puG4RAdRAuwNjQIiyGJiOrSJgNUTwHV6fUPF8+UxesM=
+github.com/ava-labs/subnet-evm v0.7.0/go.mod h1:VPfaFZsjh+qbcvxcGwzQ8oXog7JbMrkE+atO+CiZQ30=
 github.com/aymerick/raymond v2.0.3-0.20180322193309-b565731e1464+incompatible/go.mod h1:osfaiScAUVup+UC9Nfq76eWqDhXlp+4UYaA8uhTBO6g=
 github.com/beorn7/perks v1.0.1 h1:VlbKKnNfV8bJzeqoa4cOKqO6bYr3WgKZxO8Z16+hsOM=
 github.com/beorn7/perks v1.0.1/go.mod h1:G2ZrVWU2WbWT9wwq4/hrbKbnv/1ERSJQ0ibhJ6rlkpw=
diff --git a/plugin/main.go b/plugin/main.go
index af949c5..c6e4719 100644
--- a/plugin/main.go
+++ b/plugin/main.go
@@ -16,7 +16,7 @@ import (
 	//_ "github.com/ava-labs/precompile-evm/{yourprecompilepkg}"
 )
 
-const Version = "v0.2.5"
+const Version = "v0.3.0"
 
 func main() {
 	versionString := fmt.Sprintf("Precompile-EVM/%s Subnet-EVM/%s [AvalancheGo=%s, rpcchainvm=%d]", Version, evm.Version, version.Current, version.RPCChainVMProtocol)
diff --git a/scripts/versions.sh b/scripts/versions.sh
index 5caec5c..785fd5c 100755
--- a/scripts/versions.sh
+++ b/scripts/versions.sh
@@ -1,7 +1,7 @@
 #!/usr/bin/env bash
 
 # Set up the versions to be used - populate ENV variables only if they are not already populated
-SUBNET_EVM_VERSION=${SUBNET_EVM_VERSION:-'v0.6.12'}
+SUBNET_EVM_VERSION=${SUBNET_EVM_VERSION:-'v0.7.0'}
 # Don't export them as they're used in the context of other calls
-AVALANCHE_VERSION=${AVALANCHE_VERSION:-'v1.11.13'}
+AVALANCHE_VERSION=${AVALANCHE_VERSION:-'v1.12.0'}
 GINKGO_VERSION=${GINKGO_VERSION:-'v2.2.0'}