diff --git a/CHANGELOG.md b/CHANGELOG.md
index b67643896a..606ecc85e6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,9 +1,35 @@
 ## Unreleased
 
+## 0.21.0 (May 14, 2020)
+
+FEATURES
+
+* Add experimental support for multi-datacenter federation via
+
+    ```yaml
+    global:
+      federation:
+        enabled: true
+    ```
+  
+  This requires Consul 1.8.0+ (which as of this release is only available as
+  a beta. To use the beta, set `global.image: consul:1.8.0-beta1`)
+
+* Add new Helm value `global.federation.createFederationSecret` that will
+  create a Kubernetes secret in primary datacenters that can be exported to secondary
+  datacenters to help bootstrap secondary clusters for federation ([GH-447](https://github.com/hashicorp/consul-helm/pull/447)).
+
 IMPROVEMENTS
 
+* Default Consul Docker image is now `consul:1.7.3`.
+* Default consul-k8s Docker image is now `hashicorp/consul-k8s:0.15.0`.
 * ACLs: Restrict permissions for the `server-acl-init` job [[GH-454](https://github.com/hashicorp/consul-helm/pull/454)].
 
+BUG FIXES
+
+* Fix missing `NODE_NAME` environment variable when setting `meshGateway.wanAddress.source=NodeName`
+  [[GH-453](https://github.com/hashicorp/consul-helm/pull/453)].
+
 ## 0.20.1 (Apr 27, 2020)
 
 BUG FIXES
diff --git a/Chart.yaml b/Chart.yaml
index 6c363b1862..a432f58fa7 100644
--- a/Chart.yaml
+++ b/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 name: consul
-version: 0.20.1
-appVersion: 1.7.2
+version: 0.21.0
+appVersion: 1.7.3
 description: Official HashiCorp Consul Chart
 home: https://www.consul.io
 sources:
diff --git a/values.yaml b/values.yaml
index a1b2769410..47c8aeafeb 100644
--- a/values.yaml
+++ b/values.yaml
@@ -30,7 +30,7 @@ global:
   #   image: "consul:1.5.0"
   #   # Consul Enterprise 1.5.0
   #   image: "hashicorp/consul-enterprise:1.5.0-ent"
-  image: "consul:1.7.2"
+  image: "consul:1.7.3"
 
   # array of objects containing image pull secret names that will be applied to
   # each service account.
@@ -53,7 +53,7 @@ global:
   # If using acls.manageSystemACLs then must be >= 0.10.1.
   # If using connect inject then must be >= 0.10.1.
   # If using Consul Enterprise namespaces, must be >= 0.12.
-  imageK8S: "hashicorp/consul-k8s:0.14.0"
+  imageK8S: "hashicorp/consul-k8s:0.15.0"
 
   # datacenter is the name of the datacenter that the agents should register
   # as. This can't be changed once the Consul cluster is up and running