diff --git a/CHANGELOG.md b/CHANGELOG.md
index 89a2aa4c669..672e2a26897 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [Unreleased]
+## [0.50.0] - 2025-01-02
 
 ### Deprecated
 - `EspFirmwareInfoLoader` use `EspFirmwareInfoLoad` instead
@@ -19,6 +19,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Expose src_addr and dst_addr in espnow recv cb (#525)
 
 ### Added
+- Compatibility with ESP-IDF v5.3.X
 - feat(eth): Implement alternative polling mode (#452)
 - SD Card driver; SD Card host drivers (SPI and SDMMC) (#454)
 - Make EspAsyncMqttClient::wrap public. (#462)
diff --git a/Cargo.toml b/Cargo.toml
index e7930acf182..65a4afa91b5 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "esp-idf-svc"
-version = "0.49.1"
+version = "0.50.0"
 authors = ["Ivan Markov <ivan.markov@gmail.com>"]
 edition = "2021"
 resolver = "2"
@@ -18,11 +18,6 @@ rust-version = "1.77"
 [lib]
 harness = false
 
-[patch.crates-io]
-embuild = { git = "https://github.com/esp-rs/embuild" }
-esp-idf-hal = { git = "https://github.com/esp-rs/esp-idf-hal" }
-esp-idf-sys = { git = "https://github.com/esp-rs/esp-idf-sys" }
-
 [features]
 default = ["std", "binstart"]
 
@@ -52,18 +47,18 @@ log = { version = "0.4", default-features = false }
 uncased = { version = "0.9.7", default-features = false }
 embedded-hal-async = { version = "1", default-features = false }
 embedded-svc = { version = "0.28", default-features = false }
-esp-idf-hal = { version = "0.44", default-features = false }
+esp-idf-hal = { version = "0.45", default-features = false }
 embassy-time-driver = { version = "0.1", optional = true, features = ["tick-hz-1_000_000"] }
 embassy-futures = "0.1"
 embedded-storage = { version = "0.3", optional = true }
 futures-io = { version = "0.3", optional = true }
 
 [build-dependencies]
-embuild = "0.32"
+embuild = "0.33"
 
 [dev-dependencies]
 anyhow = "1"
-esp-idf-sys = { version = "0.35", features = ["binstart"] }
+esp-idf-sys = { version = "0.36", features = ["binstart"] }
 futures = "0.3"
 serde = { version = "1", default-features = false, features = ["derive"] }
 serde_json = { version = "1", default-features = false, features = ["alloc"] }