diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2ee0f3ce..f58b04c5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,16 @@
 
+## [0.99.12](https://github.com/propeller-heads/fynd/compare/0.99.11...0.99.12) (2026-08-21)
+
+### Features
+
+* add configurable calldata watermark ([7232c0c](https://github.com/propeller-heads/fynd/commit/7232c0ca6ce92d63b4ef66f4a8cf5b1b3499e29b))
+* count exclusive candidates dropped for invalid route shape ([dd16584](https://github.com/propeller-heads/fynd/commit/dd16584c41710f338245a4cf483e3c85df2b43be))
+
+### Bug Fixes
+
+* **api:** bound experimental list query limits ([521dd3c](https://github.com/propeller-heads/fynd/commit/521dd3c179af1f82401cd8ce50fc054ed927babb))
+
+
 ## [0.99.11](https://github.com/propeller-heads/fynd/compare/0.99.10...0.99.11) (2026-08-20)
 
 ### Features
diff --git a/Cargo.lock b/Cargo.lock
index 2d25010b..e6730a48 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3137,7 +3137,7 @@ dependencies = [
 
 [[package]]
 name = "erc20-overrides"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "alloy",
  "anyhow",
@@ -3438,7 +3438,7 @@ checksum = "42012b0f064e01aa58b545fe3727f90f7dd4020f4a3ea735b50344965f5a57e9"
 
 [[package]]
 name = "fynd"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "actix-web",
  "alloy",
@@ -3475,7 +3475,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-benchmark"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "alloy",
  "anyhow",
@@ -3499,7 +3499,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-client"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "alloy",
  "bytes",
@@ -3517,7 +3517,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-core"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "alloy",
  "async-channel",
@@ -3557,7 +3557,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-gas-audit"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "alloy",
  "anyhow",
@@ -3582,7 +3582,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-rpc"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "actix-web",
  "anyhow",
@@ -3614,7 +3614,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-rpc-types"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "bytes",
  "fynd-core",
@@ -3630,7 +3630,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-swap-cli"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "alloy",
  "anyhow",
@@ -3647,7 +3647,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-test-fixtures"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "anyhow",
  "fynd-core",
@@ -3665,7 +3665,7 @@ dependencies = [
 
 [[package]]
 name = "fynd-tools-common"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "alloy",
  "anyhow",
@@ -3915,7 +3915,7 @@ dependencies = [
 
 [[package]]
 name = "hindsight"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "actix-web",
  "alloy",
@@ -5889,7 +5889,7 @@ dependencies = [
 
 [[package]]
 name = "record-market"
-version = "0.99.11"
+version = "0.99.12"
 dependencies = [
  "anyhow",
  "clap",
diff --git a/Cargo.toml b/Cargo.toml
index 3598166c..be744364 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,5 +1,5 @@
 [workspace.package]
-version = "0.99.11"
+version = "0.99.12"
 
 [package]
 name = "fynd"
@@ -182,10 +182,10 @@ hex = "0.4"
 sha2 = "0.10"
 
 # Internal crates
-fynd-core = { path = "fynd-core", version = "0.99.11" }
-fynd-rpc = { path = "fynd-rpc", version = "0.99.11" }
-fynd-rpc-types = { path = "fynd-rpc-types", version = "0.99.11" }
-fynd-client = { path = "clients/rust", version = "0.99.11" }
+fynd-core = { path = "fynd-core", version = "0.99.12" }
+fynd-rpc = { path = "fynd-rpc", version = "0.99.12" }
+fynd-rpc-types = { path = "fynd-rpc-types", version = "0.99.12" }
+fynd-client = { path = "clients/rust", version = "0.99.12" }
 # Path-only: unpublished internal crates (release = false in release-plz.toml), so they must not
 # carry a version requirement -- release-plz bumps the workspace version and rewrites the
 # requirements for the crates it releases, but leaves these untouched. A stale requirement stops