diff --git a/CHANGELOG.md b/CHANGELOG.md
index d321b6d8e..1d467f29e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,9 +2,29 @@
 
 Friendly reminder: We have a [bug bounty program](https://hackerone.com/cosmos).
 
+## v0.35.7
+
+June 16, 2022
+
+### BUG FIXES
+
+- [p2p] [\#8692](https://github.com/tendermint/tendermint/pull/8692) scale the number of stored peers by the configured maximum connections (#8684)
+- [rpc] [\#8715](https://github.com/tendermint/tendermint/pull/8715) always close http bodies (backport #8712)
+- [p2p] [\#8760](https://github.com/tendermint/tendermint/pull/8760) accept should not abort on first error (backport #8759)
+
+### BREAKING CHANGES
+
+- P2P Protocol
+
+  - [p2p] [\#8737](https://github.com/tendermint/tendermint/pull/8737) Introduce "inactive" peer label to avoid re-dialing incompatible peers. (@tychoish)
+  - [p2p] [\#8737](https://github.com/tendermint/tendermint/pull/8737) Increase frequency of dialing attempts to reduce latency for peer acquisition. (@tychoish)
+  - [p2p] [\#8737](https://github.com/tendermint/tendermint/pull/8737) Improvements to peer scoring and sorting to gossip a greater variety of peers during PEX. (@tychoish)
+  - [p2p] [\#8737](https://github.com/tendermint/tendermint/pull/8737) Track incoming and outgoing peers separately to ensure more peer slots open for incoming connections. (@tychoish)
+
 ## v0.35.6
 
 June 3, 2022
+
 ### FEATURES
 
 - [migrate] [\#8672](https://github.com/tendermint/tendermint/pull/8672) provide function for database production (backport #8614) (@tychoish)
diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index 2e820b727..cbc727d49 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -2,7 +2,7 @@
 
 Friendly reminder: We have a [bug bounty program](https://hackerone.com/cosmos).
 
-## v0.35.7
+## v0.35.8
 
 Month DD, YYYY