diff --git a/Makefile b/Makefile
index 00de9c19..636398ea 100644
--- a/Makefile
+++ b/Makefile
@@ -12,11 +12,11 @@ VERSION ?= v0.0.0-dev
 BUNDLE_VERSION ?= $(VERSION:v%=%)
 
 # INSTASCALE_VERSION defines the default version of the InstaScale controller
-INSTASCALE_VERSION ?= v0.1.0
+INSTASCALE_VERSION ?= v0.2.0
 INSTASCALE_REPO ?= github.com/project-codeflare/instascale
 
 # MCAD_VERSION defines the default version of the MCAD controller
-MCAD_VERSION ?= v1.36.0
+MCAD_VERSION ?= v1.37.0
 MCAD_REPO ?= github.com/project-codeflare/multi-cluster-app-dispatcher
 # Upstream MCAD is currently only creating release tags of the form `vX.Y.Z` (i.e the version)
 MCAD_CRD ?= ${MCAD_REPO}/config/crd?ref=${MCAD_VERSION}
@@ -28,7 +28,7 @@ KUBERAY_VERSION ?= v1.0.0-rc.1
 RAY_VERSION ?= 2.5.0
 
 # CODEFLARE_SDK_VERSION defines the default version of the CodeFlare SDK
-CODEFLARE_SDK_VERSION ?= 0.9.0
+CODEFLARE_SDK_VERSION ?= 0.10.0
 
 # OPERATORS_REPO_ORG points to GitHub repository organization where bundle PR is opened against
 # OPERATORS_REPO_FORK_ORG points to GitHub repository fork organization where bundle build is pushed to
diff --git a/README.md b/README.md
index b2f40931..aff1b9a6 100644
--- a/README.md
+++ b/README.md
@@ -8,10 +8,10 @@ CodeFlare Stack Compatibility Matrix
 
 | Component                    | Version                                                                                           |
 |------------------------------|---------------------------------------------------------------------------------------------------|
-| CodeFlare Operator           | [v1.0.0-rc.2](https://github.com/project-codeflare/codeflare-operator/releases/tag/v1.0.0-rc.2)             |
-| Multi-Cluster App Dispatcher | [v1.36.0](https://github.com/project-codeflare/multi-cluster-app-dispatcher/releases/tag/v1.36.0) |
-| CodeFlare-SDK                | [v0.9.0](https://github.com/project-codeflare/codeflare-sdk/releases/tag/v0.9.0)                  |
-| InstaScale                   | [v0.1.0](https://github.com/project-codeflare/instascale/releases/tag/v0.1.0)                     |
+| CodeFlare Operator           | [v1.0.0-rc.3](https://github.com/project-codeflare/codeflare-operator/releases/tag/v1.0.0-rc.3)             |
+| Multi-Cluster App Dispatcher | [v1.37.0](https://github.com/project-codeflare/multi-cluster-app-dispatcher/releases/tag/v1.37.0) |
+| CodeFlare-SDK                | [v0.10.0](https://github.com/project-codeflare/codeflare-sdk/releases/tag/v0.10.0)                  |
+| InstaScale                   | [v0.2.0](https://github.com/project-codeflare/instascale/releases/tag/v0.2.0)                     |
 | KubeRay                      | [v0.5.0](https://github.com/ray-project/kuberay/releases/tag/v0.5.0)                              |
 <!-- Compatibility Matrix end -->
 
diff --git a/go.mod b/go.mod
index 08f3cb31..ffda7763 100644
--- a/go.mod
+++ b/go.mod
@@ -7,8 +7,8 @@ require (
 	github.com/openshift-online/ocm-sdk-go v0.1.368
 	github.com/openshift/api v0.0.0-20230213134911-7ba313770556
 	github.com/openshift/client-go v0.0.0-20221019143426-16aed247da5c
-	github.com/project-codeflare/instascale v0.1.0
-	github.com/project-codeflare/multi-cluster-app-dispatcher v1.36.0
+	github.com/project-codeflare/instascale v0.2.0
+	github.com/project-codeflare/multi-cluster-app-dispatcher v1.37.0
 	github.com/ray-project/kuberay/ray-operator v0.0.0-20231016183545-097828931d15
 	go.uber.org/zap v1.26.0
 	k8s.io/api v0.26.3
diff --git a/go.sum b/go.sum
index 2c53de1c..06269a9f 100644
--- a/go.sum
+++ b/go.sum
@@ -389,10 +389,10 @@ github.com/pkg/errors v0.9.1 h1:FEBLx1zS214owpjy7qsBeixbURkuhQAwrK5UwLGTwt4=
 github.com/pkg/errors v0.9.1/go.mod h1:bwawxfHBFNV+L2hUp1rHADufV3IMtnDRdf1r5NINEl0=
 github.com/pmezard/go-difflib v1.0.0 h1:4DBwDE0NGyQoBHbLQYPwSUPoCMWR5BEzIk/f1lZbAQM=
 github.com/pmezard/go-difflib v1.0.0/go.mod h1:iKH77koFhYxTK1pcRnkKkqfTogsbg7gZNVY4sRDYZ/4=
-github.com/project-codeflare/instascale v0.1.0 h1:oP5PwUIDvh+D3fbg8sT9dKphl9K/Tb/RraTFQezLOxI=
-github.com/project-codeflare/instascale v0.1.0/go.mod h1:c4I8w4R0I8OJdkwA/ht/o/3lxRCBx4YdFJ3D1DulFVA=
-github.com/project-codeflare/multi-cluster-app-dispatcher v1.36.0 h1:QSc16Kd4OBidGY4rQivMrUX9B9cNKttfZIRKsR4BX9E=
-github.com/project-codeflare/multi-cluster-app-dispatcher v1.36.0/go.mod h1:Yge6GRNpO9YIDfeL+XOcCE9xbmfCTD5C1h5dlW87mxQ=
+github.com/project-codeflare/instascale v0.2.0 h1:85Bbz6AsAYIKROqFmDIGS9hWV6pDf1iTizDVipxJwGg=
+github.com/project-codeflare/instascale v0.2.0/go.mod h1:6x6WhDZiJRRwIAK7sAND3YYSGU3ry2Wa/RqyaHXKy18=
+github.com/project-codeflare/multi-cluster-app-dispatcher v1.37.0 h1:oyhdLdc4BgA4zcH1zlRrSrYpzuVxV5QLDbyIXrwnQqs=
+github.com/project-codeflare/multi-cluster-app-dispatcher v1.37.0/go.mod h1:Yge6GRNpO9YIDfeL+XOcCE9xbmfCTD5C1h5dlW87mxQ=
 github.com/prometheus/client_golang v0.9.1/go.mod h1:7SWBe2y4D6OKWSNQJUaRYU/AaXPKyh/dDVn+NZz0KFw=
 github.com/prometheus/client_golang v1.0.0/go.mod h1:db9x61etRT2tGnBNRi70OPL5FsnadC4Ky3P0J6CfImo=
 github.com/prometheus/client_golang v1.7.1/go.mod h1:PY5Wy2awLA44sXw4AOSfFBetzPP4j5+D6mVACh+pe2M=
diff --git a/test/support/defaults.go b/test/support/defaults.go
index 1beb7e89..bf9db081 100644
--- a/test/support/defaults.go
+++ b/test/support/defaults.go
@@ -5,7 +5,7 @@ package support
 // ***********************
 
 const (
-	CodeFlareSDKVersion = "0.9.0"
+	CodeFlareSDKVersion = "0.10.0"
 	RayVersion          = "2.5.0"
 	RayImage            = "rayproject/ray:2.5.0"
 )