diff --git a/pyproject.toml b/pyproject.toml
index 7585594..1d62cdf 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "owloop"
-version = "0.4.0"
+version = "0.5.0"
 description = "Your code evolves while you sleep. 🦉 Spec-driven autonomous coding loop."
 readme = "README.md"
 license = "MIT"
diff --git a/site/index.html b/site/index.html
index 7f08aeb..169d3c3 100644
--- a/site/index.html
+++ b/site/index.html
@@ -186,7 +186,7 @@ <h2 class="section-title">From goal to commits, unattended.</h2>
               </div>
             </div>
             <div class="terminal-statusbar">
-              <span>owloop v0.4.0</span>
+              <span>owloop v0.5.0</span>
               <span>model: claude-sonnet-5</span>
               <span>budget: 200k tokens</span>
               <button class="replay-btn" id="terminal-replay" type="button" title="Replay demo">↻ Replay</button>
diff --git a/src/owloop/__init__.py b/src/owloop/__init__.py
index 91e46ea..cb37922 100644
--- a/src/owloop/__init__.py
+++ b/src/owloop/__init__.py
@@ -1,3 +1,9 @@
 """owloop — Your code evolves while you sleep. 🦉"""
 
-__version__ = "0.2.0"
+from importlib.metadata import PackageNotFoundError
+from importlib.metadata import version as _pkg_version
+
+try:
+    __version__ = _pkg_version("owloop")
+except PackageNotFoundError:  # pragma: no cover - editable/source runs without install metadata
+    __version__ = "0.0.0-dev"
diff --git a/uv.lock b/uv.lock
index d27af61..43e8873 100644
--- a/uv.lock
+++ b/uv.lock
@@ -370,7 +370,7 @@ wheels = [
 
 [[package]]
 name = "owloop"
-version = "0.4.0"
+version = "0.5.0"
 source = { editable = "." }
 dependencies = [
     { name = "click" },