diff --git a/CHANGELOG.md b/CHANGELOG.md
index b8c39e5..4b4f3eb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Polly.Caching.Distributed change log
 
+## 3.0.0
+- Allow caching of `default(TResult)`
+- Compatible with Polly >= v7
+
 ## 2.0.1
 - No functional changes
 - Indicate compatibility with Polly < v7
diff --git a/GitVersionConfig.yaml b/GitVersionConfig.yaml
index 376e301..a3ad734 100644
--- a/GitVersionConfig.yaml
+++ b/GitVersionConfig.yaml
@@ -1 +1 @@
-next-version: 2.0.1
+next-version: 3.0.0
diff --git a/README.md b/README.md
index 6baa93d..dc433d3 100644
--- a/README.md
+++ b/README.md
@@ -28,14 +28,19 @@ Polly.Caching.Distributed supports .NET Standard 1.1 and .NET Standard 2.0.
 
 ## Versions and Dependencies
 
+Polly.Caching.Distributed >=v3.0 requires:
+
++ [Polly](https://nuget.org/packages/polly) >= v7.0.0.
++ [Microsoft.Extensions.Caching.Abstractions](https://www.nuget.org/packages/Microsoft.Extensions.Caching.Abstractions/) v2.0.2 or above.
+
 Polly.Caching.Distributed >=v2.0 and <v3 requires:
 
-+ [Polly](nuget.org/packages/polly) >= v6.0.1 and <v7.
++ [Polly](https://nuget.org/packages/polly) >= v6.0.1 and <v7.
 + [Microsoft.Extensions.Caching.Abstractions](https://www.nuget.org/packages/Microsoft.Extensions.Caching.Abstractions/) v2.0.2 or above.
 
 Polly.Caching.IDistributedCache <v2.0 requires:
 
-+ [Polly](nuget.org/packages/polly) v5.4.0 or above.
++ [Polly](https://nuget.org/packages/polly) v5.4.0 or above.
 + [Microsoft.Extensions.Caching.Abstractions](https://www.nuget.org/packages/Microsoft.Extensions.Caching.Abstractions/) v1.1.2 or above.
 
 
@@ -129,6 +134,7 @@ For details of changes by release see the [change log](CHANGELOG.md).
 * [@seanfarrow](https://github.com/seanfarrow) and [@reisenberger](https://github.com/reisenberger) - Initial caching architecture in the main Polly repo
 * [@reisenberger](https://github.com/reisenberger) - `IDistributedCache` implementation
 * [@seanfarrow](https://github.com/seanfarrow) - v2.0 update to Signed packages only to correspond with Polly v6.0.1
+* [@reisenberger](https://github.com/reisenberger) - Update to Polly v7.0.0
 
 # Instructions for Contributing
 
diff --git a/src/Polly.Caching.Distributed.NetStandard11/Properties/AssemblyInfo.cs b/src/Polly.Caching.Distributed.NetStandard11/Properties/AssemblyInfo.cs
index 32bce5d..ec763bd 100644
--- a/src/Polly.Caching.Distributed.NetStandard11/Properties/AssemblyInfo.cs
+++ b/src/Polly.Caching.Distributed.NetStandard11/Properties/AssemblyInfo.cs
@@ -3,9 +3,9 @@
 using System.Runtime.CompilerServices;
 
 [assembly: AssemblyTitle("Polly.Caching.Distributed")]
-[assembly: AssemblyVersion("2.0.0.0")]
-[assembly: AssemblyFileVersion("2.0.1.0")]
-[assembly: AssemblyInformationalVersion("2.0.1.0")]
+[assembly: AssemblyVersion("3.0.0.0")]
+[assembly: AssemblyFileVersion("3.0.0.0")]
+[assembly: AssemblyInformationalVersion("3.0.0.0")]
 [assembly: CLSCompliant(false)] // Because Microsoft.Extensions.Caching.Memory.IDistributedCache, on which Polly.Caching.IDistributedCache.NetStandard11 depends, is not CLSCompliant.
 
 [assembly: InternalsVisibleTo("Polly.Caching.Distributed.NetStandard11.Specs")]
\ No newline at end of file
diff --git a/src/Polly.Caching.Distributed.NetStandard20/Properties/AssemblyInfo.cs b/src/Polly.Caching.Distributed.NetStandard20/Properties/AssemblyInfo.cs
index d96bc35..4e5c197 100644
--- a/src/Polly.Caching.Distributed.NetStandard20/Properties/AssemblyInfo.cs
+++ b/src/Polly.Caching.Distributed.NetStandard20/Properties/AssemblyInfo.cs
@@ -3,9 +3,9 @@
 using System.Runtime.CompilerServices;
 
 [assembly: AssemblyTitle("Polly.Caching.Distributed")]
-[assembly: AssemblyVersion("2.0.0.0")]
-[assembly: AssemblyFileVersion("2.0.1.0")]
-[assembly: AssemblyInformationalVersion("2.0.1.0")]
+[assembly: AssemblyVersion("3.0.0.0")]
+[assembly: AssemblyFileVersion("3.0.0.0")]
+[assembly: AssemblyInformationalVersion("3.0.0.0")]
 [assembly: CLSCompliant(false)] // Because Microsoft.Extensions.Caching.Memory.IDistributedCache, on which Polly.Caching.IDistributedCache.NetStandard11 depends, is not CLSCompliant.
 
 [assembly: InternalsVisibleTo("Polly.Caching.Distributed.NetStandard20.Specs")]
\ No newline at end of file
diff --git a/src/Polly.Caching.Distributed.nuspec b/src/Polly.Caching.Distributed.nuspec
index fa3d8a1..c3a8da4 100644
--- a/src/Polly.Caching.Distributed.nuspec
+++ b/src/Polly.Caching.Distributed.nuspec
@@ -13,6 +13,11 @@
     <tags>Polly Cache Caching Cache-aside</tags>
     <copyright>Copyright © 2019, App vNext</copyright>
     <releaseNotes>
+     3.0.0
+     ---------------------
+     - Allow caching of default(TResult)
+     - Compatible with Polly &gt;= v7
+
      2.0.1
      ---------------------
      - No functional changes
@@ -35,11 +40,11 @@
     <dependencies>
       <group targetFramework="netstandard1.1">
         <dependency id="NETStandard.Library" version="1.6.1" />
-        <dependency id="Polly" version="[6.0.1,7)" />
+        <dependency id="Polly" version="7.0.0" />
         <dependency id="Microsoft.Extensions.Caching.Abstractions" version="1.1.2" />
       </group>
       <group targetFramework="netstandard2.0">
-        <dependency id="Polly" version="[6.0.1,7)" />
+        <dependency id="Polly" version="7.0.0" />
         <dependency id="Microsoft.Extensions.Caching.Abstractions" version="2.0.2" />
       </group>
     </dependencies>