diff --git a/charts/argo-rollouts/Chart.yaml b/charts/argo-rollouts/Chart.yaml
index f2b3c16f..647243ca 100644
--- a/charts/argo-rollouts/Chart.yaml
+++ b/charts/argo-rollouts/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 appVersion: "v1.0.2"
 description: A Helm chart for Argo Rollouts
 name: argo-rollouts
-version: 1.1.0
+version: 2.0.0
 icon: https://argoproj.github.io/argo-rollouts/assets/logo.png
 home: https://github.com/argoproj/argo-helm
 maintainers:
diff --git a/charts/argo-rollouts/README.md b/charts/argo-rollouts/README.md
index 832611c9..b35168f7 100644
--- a/charts/argo-rollouts/README.md
+++ b/charts/argo-rollouts/README.md
@@ -60,6 +60,12 @@ If dashboard is installed by `--set dashboard.enabled=true`, checkout the argo-r
 
 ## Upgrading
 
+### To 2.0.0
+
+* The argo-rollouts dashboard is added to the template and can be enabled by setting `dashboard.enabled=true`.
+* There is a breaking change where the selector label `app.kubernetes.io/component: {{ .Values.controller.component }}` is added to rollout's deployment and service in order to distinguish between the controller and the dashboard component.
+  To upgrade an existing installation, please **add the `--force` parameter** to the `helm upgrade` command or **delete the Deployment and Service resource** before you upgrade. This is necessary because Deployment's label selector is immutable.
+
 ### To 1.0.0
 
 * This is a breaking change which only supports Helm v3.0.0+ now. If you still use Helm v2, please consider upgrading because v2 is EOL since November 2020.