diff --git a/CHANGELOG.md b/CHANGELOG.md
index 812541d..259cda8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,2 +1,11 @@
+# facebook-ads v0.8.0
+
+This release supports any version (minor and patch) of v1, which means far less need for compatibility releases in the future.
+
+## Under the hood
+- Change `require-dbt-version` to `[">=1.0.0", "<2.0.0"]`
+- Bump dbt-utils dependency
+- Replace `source-paths` and `data-paths` with `model-paths` and `seed-paths` respectively
+
 # facebook-ads v0.7.1
 🚨 This is a compatibility release in preparation for `dbt-core` v1.0.0 (🎉). Projects using this version with `dbt-core` v1.0.x can expect to see a deprecation warning. This will be resolved in the next minor release.
\ No newline at end of file
diff --git a/dbt_project.yml b/dbt_project.yml
index 1eda010..c2deaed 100644
--- a/dbt_project.yml
+++ b/dbt_project.yml
@@ -1,15 +1,15 @@
 name: 'facebook_ads'
-version: '0.7.1'
+version: '0.8.0'
 config-version: 2
 
-require-dbt-version: [">=0.20.0", "<1.1.0"]
+require-dbt-version: [">=1.0.0", "<2.0.0"]
 
-source-paths: ["models"]   # paths with source code to compile
-analysis-paths: ["analysis"] # path with analysis files which are compiled, but not run
+model-paths: ["models"]   # paths with source code to compile
+analysis-paths: ["analyses"] # path with analysis files which are compiled, but not run
 target-path: "target"      # path for compiled code
 clean-targets: ["target"]  # directories removed by the clean task
 test-paths: ["test"]       # where to store test results
-data-paths: ["data"]       # load CSVs from this directory with `dbt seed`
+seed-paths: ["seeds"]       # load CSVs from this directory with `dbt seed`
 
 vars:
 
diff --git a/packages.yml b/packages.yml
index 5302a1f..538aeec 100644
--- a/packages.yml
+++ b/packages.yml
@@ -1,3 +1,3 @@
 packages:
   - package: dbt-labs/dbt_utils
-    version: [">=0.7.0", "<0.8.0"]
+    version: [">=0.8.0", "<0.9.0"]