diff --git a/README.md b/README.md
index 88a3e18b..d0a197dd 100644
--- a/README.md
+++ b/README.md
@@ -5,6 +5,14 @@
[ReactPHP](https://reactphp.org/)'s core reactor event loop that libraries can use for evented I/O.
+> **Development version:** This branch contains the code for the upcoming v3
+> release. For the code of the current stable v1 release, check out the
+> [`1.x` branch](https://github.com/reactphp/event-loop/tree/1.x).
+>
+> The upcoming v3 release will be the way forward for this package. However,
+> we will still actively support v1 for those not yet on the latest version.
+> See also [installation instructions](#install) for more details.
+
In order for async based libraries to be interoperable, they need to use the
same event loop. This component provides a common `LoopInterface` that any
library can target. This allows them to be used in the same loop, with one
@@ -885,11 +893,11 @@ to remove a stream that was never added or is invalid has no effect.
The recommended way to install this library is [through Composer](https://getcomposer.org/).
[New to Composer?](https://getcomposer.org/doc/00-intro.md)
-This project follows [SemVer](https://semver.org/).
-This will install the latest supported version:
+Once released, this project will follow [SemVer](https://semver.org/).
+At the moment, this will install the latest development version:
```bash
-composer require react/event-loop:^1.5
+composer require react/event-loop:^3@dev
```
See also the [CHANGELOG](CHANGELOG.md) for details about version upgrades.
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