diff --git a/gradle.properties b/gradle.properties
index 131c3761..8135973a 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 org.gradle.caching=true
 puppycrawlCheckstyleVersion=8.18
 group=org.ballerinalang
-version=1.0.8-SNAPSHOT
+version=1.0.8
 ballerinaLangVersion=2.0.0-alpha5
 stdlibIoVersion=0.6.0-alpha4
 stdlibOsVersion=0.8.0-alpha4
diff --git a/transaction-ballerina/Dependencies.toml b/transaction-ballerina/Dependencies.toml
index a6e90d81..abe34597 100644
--- a/transaction-ballerina/Dependencies.toml
+++ b/transaction-ballerina/Dependencies.toml
@@ -1,34 +1,34 @@
 [[dependency]]
 org = "ballerina"
 name = "io"
-version = "@stdlib.io.version@"
+version = "0.6.0-alpha4"
 
 [[dependency]]
 org = "ballerina"
 name = "log"
-version = "@stdlib.log.version@"
+version = "1.1.0-alpha4"
 
 [[dependency]]
 org = "ballerina"
 name = "http"
-version = "@stdlib.http.version@"
+version = "1.1.0-alpha4"
 
 [[dependency]]
 org = "ballerina"
 name = "cache"
-version = "@stdlib.cache.version@"
+version = "2.1.0-alpha4"
 
 [[dependency]]
 org = "ballerina"
 name = "time"
-version = "@stdlib.time.version@"
+version = "1.1.0-alpha4"
 
 [[dependency]]
 org = "ballerina"
 name = "uuid"
-version = "@stdlib.uuid.version@"
+version = "0.10.0-alpha4"
 
 [[dependency]]
 org = "ballerina"
 name = "task"
-version = "@stdlib.task.version@"
+version = "1.2.0-alpha4"