diff --git a/.proxy-version b/.proxy-version
index 41978ce2e..b99ac67c3 100644
--- a/.proxy-version
+++ b/.proxy-version
@@ -1 +1 @@
-v2.188.0
+v2.189.0
diff --git a/bin/fetch-proxy b/bin/fetch-proxy
index b08b99cba..a63c0b2c3 100755
--- a/bin/fetch-proxy
+++ b/bin/fetch-proxy
@@ -40,7 +40,7 @@ if [ "$computed" != "$expected" ]; then
 fi
 
 mv "$pkgname/LICENSE" .
-mv "$pkgname/bin/linkerd2-proxy" .
+mv "$pkgname/linkerd2-proxy" .
 rm -r "$pkgfile" "$pkgname"
 mv linkerd2-proxy "$pkgname"
 echo "$builddir/$pkgname"
diff --git a/bin/git-commit-proxy-version b/bin/git-commit-proxy-version
index 35be894c8..70d16a995 100755
--- a/bin/git-commit-proxy-version
+++ b/bin/git-commit-proxy-version
@@ -33,7 +33,7 @@ new_proxy_rev="release/$new_proxy_version"
 # Checkout the linkerd2-proxy repo to resolve the new proxy version to a SHA
 # and obtain the commit log since the prior version.
 tmp=$(mktemp -d -t l2-proxy.XXX)
-git clone --depth=100 https://github.com/linkerd/linkerd2-proxy "$tmp"
+git clone --depth=500 https://github.com/linkerd/linkerd2-proxy "$tmp"
 cd "$tmp"
 
 if ! git rev-parse --verify --quiet "${old_proxy_rev}" ; then