diff --git a/.cargo/config.toml b/.cargo/config.toml
index 57c55d3..794c404 100644
--- a/.cargo/config.toml
+++ b/.cargo/config.toml
@@ -1,2 +1,2 @@
 [env]
-NEARCORE_VERSION = "1.37.1"
+NEARCORE_VERSION = "1.38.0-rc.2"
diff --git a/CHANGELOG.md b/CHANGELOG.md
index d2febe7..012b807 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## 1.0.0-rc.1
+
+After two years of successful work in production we realized that no major changes or improvements have been made to the codebase. The codebase is stable and mature enough to be considered as a stable release. Thus, we are happy to announce the first release candidate of the NEAR Lake 🎉
+
+* Upgrade Indexer Framework to be based on [nearcore 1.38.0-rc.2](https://github.com/near/nearcore/releases/tag/1.38.0-rc.2)
+* Observability improvements:
+  * `near_lake_block_retry_count_total` Total number of retries for storing indexing blocks to S3
+  * `near_lake_block_done_total` Total number of indexed blocks
+  * `near_lake_build_info` similar to the existing near_build_info, but I cannot reuse that since it's private. It will expose the build info. Example:
+  ```
+  near_lake_build_info{build="1.37.1",release="0.1.29",rustc_version="1.75.0"}
+  ```
+
 ## 0.1.29
 
 * Upgrade Indexer Framework to be based on [nearcore 1.37.0](https://github.com/near/nearcore/releases/tag/1.37.0)
diff --git a/Cargo.lock b/Cargo.lock
index 34058f4..b9b0960 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3246,8 +3246,8 @@ dependencies = [
 
 [[package]]
 name = "near-async"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "derive-enum-from-into",
@@ -3265,16 +3265,16 @@ dependencies = [
 
 [[package]]
 name = "near-cache"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "lru",
 ]
 
 [[package]]
 name = "near-chain"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "assert_matches",
@@ -3313,8 +3313,8 @@ dependencies = [
 
 [[package]]
 name = "near-chain-configs"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "anyhow",
  "bytesize",
@@ -3336,8 +3336,8 @@ dependencies = [
 
 [[package]]
 name = "near-chain-primitives"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "chrono",
  "near-crypto",
@@ -3348,8 +3348,8 @@ dependencies = [
 
 [[package]]
 name = "near-chunks"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "borsh 1.0.0",
@@ -3382,8 +3382,8 @@ dependencies = [
 
 [[package]]
 name = "near-chunks-primitives"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "near-chain-primitives",
  "near-primitives",
@@ -3391,8 +3391,8 @@ dependencies = [
 
 [[package]]
 name = "near-client"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "actix-rt",
@@ -3445,8 +3445,8 @@ dependencies = [
 
 [[package]]
 name = "near-client-primitives"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "chrono",
@@ -3465,8 +3465,8 @@ dependencies = [
 
 [[package]]
 name = "near-config-utils"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "anyhow",
  "json_comments",
@@ -3476,8 +3476,8 @@ dependencies = [
 
 [[package]]
 name = "near-crypto"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "blake2",
  "borsh 1.0.0",
@@ -3502,8 +3502,8 @@ dependencies = [
 
 [[package]]
 name = "near-dyn-configs"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "anyhow",
  "near-chain-configs",
@@ -3520,8 +3520,8 @@ dependencies = [
 
 [[package]]
 name = "near-epoch-manager"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "borsh 1.0.0",
  "itertools",
@@ -3542,16 +3542,16 @@ dependencies = [
 
 [[package]]
 name = "near-fmt"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "near-primitives-core",
 ]
 
 [[package]]
 name = "near-indexer"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "anyhow",
@@ -3578,8 +3578,8 @@ dependencies = [
 
 [[package]]
 name = "near-indexer-primitives"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "near-primitives",
  "serde",
@@ -3588,8 +3588,8 @@ dependencies = [
 
 [[package]]
 name = "near-jsonrpc"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "actix-cors",
@@ -3618,8 +3618,8 @@ dependencies = [
 
 [[package]]
 name = "near-jsonrpc-client"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix-http",
  "awc",
@@ -3632,8 +3632,8 @@ dependencies = [
 
 [[package]]
 name = "near-jsonrpc-primitives"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "arbitrary",
  "near-chain-configs",
@@ -3648,7 +3648,7 @@ dependencies = [
 
 [[package]]
 name = "near-lake"
-version = "0.1.29"
+version = "1.0.0-rc.1"
 dependencies = [
  "actix",
  "anyhow",
@@ -3679,8 +3679,8 @@ dependencies = [
 
 [[package]]
 name = "near-mainnet-res"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "near-account-id",
  "near-chain-configs",
@@ -3690,8 +3690,8 @@ dependencies = [
 
 [[package]]
 name = "near-network"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "anyhow",
@@ -3741,8 +3741,8 @@ dependencies = [
 
 [[package]]
 name = "near-o11y"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "base64 0.21.0",
@@ -3768,8 +3768,8 @@ dependencies = [
 
 [[package]]
 name = "near-parameters"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "assert_matches",
  "borsh 1.0.0",
@@ -3786,8 +3786,8 @@ dependencies = [
 
 [[package]]
 name = "near-performance-metrics"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "bitflags 1.3.2",
@@ -3803,8 +3803,8 @@ dependencies = [
 
 [[package]]
 name = "near-performance-metrics-macros"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "quote",
  "syn 2.0.32",
@@ -3812,8 +3812,8 @@ dependencies = [
 
 [[package]]
 name = "near-pool"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "borsh 1.0.0",
  "near-crypto",
@@ -3825,8 +3825,8 @@ dependencies = [
 
 [[package]]
 name = "near-primitives"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "arbitrary",
  "base64 0.21.0",
@@ -3866,8 +3866,8 @@ dependencies = [
 
 [[package]]
 name = "near-primitives-core"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "arbitrary",
  "base64 0.21.0",
@@ -3887,8 +3887,8 @@ dependencies = [
 
 [[package]]
 name = "near-rosetta-rpc"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "actix-cors",
@@ -3919,8 +3919,8 @@ dependencies = [
 
 [[package]]
 name = "near-rpc-error-core"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "quote",
  "serde",
@@ -3929,8 +3929,8 @@ dependencies = [
 
 [[package]]
 name = "near-rpc-error-macro"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "fs2",
  "near-rpc-error-core",
@@ -3940,18 +3940,18 @@ dependencies = [
 
 [[package]]
 name = "near-stable-hasher"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 
 [[package]]
 name = "near-stdx"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 
 [[package]]
 name = "near-store"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "actix-rt",
@@ -3992,8 +3992,8 @@ dependencies = [
 
 [[package]]
 name = "near-telemetry"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "awc",
@@ -4011,8 +4011,8 @@ dependencies = [
 
 [[package]]
 name = "near-vm-compiler"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "enumset",
  "finite-wasm",
@@ -4028,8 +4028,8 @@ dependencies = [
 
 [[package]]
 name = "near-vm-compiler-singlepass"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "dynasm 2.0.0",
  "dynasmrt 2.0.0",
@@ -4049,12 +4049,11 @@ dependencies = [
 
 [[package]]
 name = "near-vm-engine"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "backtrace",
  "cfg-if 1.0.0",
- "crossbeam-queue",
  "enumset",
  "finite-wasm",
  "lazy_static",
@@ -4074,8 +4073,8 @@ dependencies = [
 
 [[package]]
 name = "near-vm-runner"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "anyhow",
  "base64 0.21.0",
@@ -4125,8 +4124,8 @@ dependencies = [
 
 [[package]]
 name = "near-vm-types"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "indexmap 1.9.2",
  "num-traits",
@@ -4136,8 +4135,8 @@ dependencies = [
 
 [[package]]
 name = "near-vm-vm"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "backtrace",
  "cc",
@@ -4158,8 +4157,8 @@ dependencies = [
 
 [[package]]
 name = "near-wallet-contract"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "anyhow",
  "near-vm-runner",
@@ -4167,8 +4166,8 @@ dependencies = [
 
 [[package]]
 name = "nearcore"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "actix",
  "actix-rt",
@@ -4256,8 +4255,8 @@ dependencies = [
 
 [[package]]
 name = "node-runtime"
-version = "1.37.0"
-source = "git+https://github.com/near/nearcore?rev=0f8e073b0be5c2df4d9382bd359edb4d1f88b632#0f8e073b0be5c2df4d9382bd359edb4d1f88b632"
+version = "1.38.0-rc.2"
+source = "git+https://github.com/near/nearcore?rev=78122a669b8711343f9869e222c82ef969c54e03#78122a669b8711343f9869e222c82ef969c54e03"
 dependencies = [
  "borsh 1.0.0",
  "hex",
diff --git a/Cargo.toml b/Cargo.toml
index 8a9119e..9535a9b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "near-lake"
-version = "0.1.29"
+version = "1.0.0-rc.1"
 authors = ["Near Inc <hello@nearprotocol.com>"]
 edition = "2021"
 
@@ -31,7 +31,7 @@ tracing = "0.1.34"
 tracing-subscriber = "0.2.4"
 
 # Please, update the supported nearcore version in .cargo/config.toml file
-near-indexer = { git = "https://github.com/near/nearcore", rev = "0f8e073b0be5c2df4d9382bd359edb4d1f88b632" }
-near-indexer-primitives = { git = "https://github.com/near/nearcore", rev = "0f8e073b0be5c2df4d9382bd359edb4d1f88b632" }
-near-client = { git = "https://github.com/near/nearcore", rev = "0f8e073b0be5c2df4d9382bd359edb4d1f88b632" }
-near-o11y = { git = "https://github.com/near/nearcore", rev = "0f8e073b0be5c2df4d9382bd359edb4d1f88b632" }
+near-indexer = { git = "https://github.com/near/nearcore", rev = "78122a669b8711343f9869e222c82ef969c54e03" }
+near-indexer-primitives = { git = "https://github.com/near/nearcore", rev = "78122a669b8711343f9869e222c82ef969c54e03" }
+near-client = { git = "https://github.com/near/nearcore", rev = "78122a669b8711343f9869e222c82ef969c54e03" }
+near-o11y = { git = "https://github.com/near/nearcore", rev = "78122a669b8711343f9869e222c82ef969c54e03" }