diff --git a/.nengobones.yml b/.nengobones.yml
index 49b86489b..d8a02350e 100644
--- a/.nengobones.yml
+++ b/.nengobones.yml
@@ -333,4 +333,4 @@ version_py:
   major: 3
   minor: 4
   patch: 1
-  release: false
+  release: true
diff --git a/.templates/pkg/version.py.template b/.templates/pkg/version.py.template
index 6f40725cd..8b019fa5a 100644
--- a/.templates/pkg/version.py.template
+++ b/.templates/pkg/version.py.template
@@ -14,7 +14,7 @@ else:
     # for release versions of nengo-dl, this should be the latest released
     # nengo version. for dev versions of nengo-dl, this should be the current
     # nengo dev version.
-    latest_nengo_version = (3, 2, 0)
+    latest_nengo_version = (3, 1, 0)
 
     if nengo.version.version_info < minimum_nengo_version:  # pragma: no cover
         raise ValueError(
diff --git a/CHANGES.rst b/CHANGES.rst
index e0c8d21b3..eed1f22b1 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -18,10 +18,10 @@ Release history
    - Deprecated
    - Removed
 
-3.4.1 (unreleased)
-------------------
+3.4.1 (May 28, 2021)
+--------------------
 
-*Compatible with Nengo 3.0.0 - 3.2.0*
+*Compatible with Nengo 3.0.0 - 3.1.0*
 
 *Compatible with TensorFlow 2.2.0 - 2.5.0*
 
diff --git a/nengo_dl/version.py b/nengo_dl/version.py
index b21ed6902..48e986371 100644
--- a/nengo_dl/version.py
+++ b/nengo_dl/version.py
@@ -11,7 +11,7 @@
 version_info = (3, 4, 1)
 
 name = "nengo-dl"
-dev = 0
+dev = None
 
 # use old string formatting, so that this can still run in Python <= 3.5
 # (since this file is parsed in setup.py, before python_requires is applied)
@@ -36,7 +36,7 @@
     # for release versions of nengo-dl, this should be the latest released
     # nengo version. for dev versions of nengo-dl, this should be the current
     # nengo dev version.
-    latest_nengo_version = (3, 2, 0)
+    latest_nengo_version = (3, 1, 0)
 
     if nengo.version.version_info < minimum_nengo_version:  # pragma: no cover
         raise ValueError(