diff --git a/defaults/defaults.go b/defaults/defaults.go
index cb3d6ca0b6..f6c30faa23 100644
--- a/defaults/defaults.go
+++ b/defaults/defaults.go
@@ -67,7 +67,7 @@ const (
 	ConnectivityCheckJSONMockImage   = "quay.io/cilium/json-mock:v1.3.0@sha256:2729064827fa9dbfface8d3df424feb6c792a0ba07117b844349635c93c06d2b"
 
 	ConfigMapName = "cilium-config"
-	Version       = "v1.10.5"
+	Version       = "v1.11.0-rc3"
 
 	TunnelType = "vxlan"