diff --git a/VERSION b/VERSION
index d510910..746bd19 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.3.0-dev
+0.3.1-dev
diff --git a/composer.json b/composer.json
index 9d6eaa3..1ae7361 100644
--- a/composer.json
+++ b/composer.json
@@ -15,7 +15,7 @@
     "require": {
         "php": ">=5.4.0",
         "predis/predis": "^1.0",
-        "react/event-loop": "~0.4",
+        "react/event-loop": "~1.0",
         "clue/redis-protocol": "~0.3"
     },
     "require-dev": {
diff --git a/src/Connection/AbstractConnection.php b/src/Connection/AbstractConnection.php
index ec9d025..892ea35 100644
--- a/src/Connection/AbstractConnection.php
+++ b/src/Connection/AbstractConnection.php
@@ -169,15 +169,11 @@ protected function createResource(callable $callback)
      */
     protected function armTimeoutMonitor($timeout, callable $callback)
     {
-        $timer = $this->loop->addTimer($timeout, function ($timer) {
-            list($connection, $callback) = $timer->getData();
-
-            $connection->disconnect();
-            call_user_func($callback, $connection, new ConnectionException($connection, 'Connection timed out'));
+        $timer = $this->loop->addTimer($timeout, function ($timer) use ($callback) {
+            $this->disconnect();
+            call_user_func($callback, $this, new ConnectionException($this, 'Connection timed out'));
         });
 
-        $timer->setData([$this, $callback]);
-
         return $timer;
     }