diff --git a/headroom/__init__.py b/headroom/__init__.py
index cfd774d6c..fedca9f29 100644
--- a/headroom/__init__.py
+++ b/headroom/__init__.py
@@ -153,7 +153,7 @@ from .transforms import (
     TransformPipeline,
 )
 
-__version__ = "0.5.11"
+__version__ = "0.5.12"
 
 __all__ = [
     # Main client
diff --git a/headroom/telemetry/beacon.py b/headroom/telemetry/beacon.py
index b093e3c71..e47ce902e 100644
--- a/headroom/telemetry/beacon.py
+++ b/headroom/telemetry/beacon.py
@@ -32,7 +32,7 @@ _SUPABASE_KEY = ".".join(
         "h_C6dLQKa8BVc3upgEvulR4E0K4eiEViyddRMIylKjU",
     ]
 )
-_TABLE = "proxy_telemetry"
+_TABLE = "proxy_telemetry_v2"
 _ENDPOINT = f"{_SUPABASE_URL}/rest/v1/{_TABLE}"
 
 # Report every 5 minutes
diff --git a/pyproject.toml b/pyproject.toml
index b514c70cf..f5bd3caf2 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "headroom-ai"
-version = "0.5.11"
+version = "0.5.12"
 description = "The Context Optimization Layer for LLM Applications - Cut costs by 50-90%"
 readme = "README.md"
 license = "Apache-2.0"
diff --git a/sql/create_proxy_telemetry_v2.sql b/sql/create_proxy_telemetry_v2.sql
new file mode 100644
index 000000000..18efdcbbb
--- /dev/null
+++ b/sql/create_proxy_telemetry_v2.sql
@@ -0,0 +1,70 @@
+-- Supabase SQL: Create proxy_telemetry_v2 table
+-- Run this in the Supabase SQL Editor (https://supabase.com/dashboard → SQL Editor)
+-- This table matches every field the beacon code writes in headroom/telemetry/beacon.py
+
+CREATE TABLE IF NOT EXISTS proxy_telemetry_v2 (
+    id uuid DEFAULT gen_random_uuid() PRIMARY KEY,
+    created_at timestamptz DEFAULT now() NOT NULL,
+
+    -- Core identity (always present)
+    session_id text NOT NULL,
+    instance_id text,
+    headroom_version text,
+    python_version text,
+    os text,
+    sdk text,
+    backend text,
+    session_minutes integer,
+
+    -- Effectiveness metrics
+    tokens_saved bigint,
+    requests integer,
+    compression_percent real,
+    cache_hit_rate real,
+    cost_saved_usd real,
+    cache_saved_usd real,
+    models_used jsonb,
+
+    -- Performance overhead
+    overhead_avg_ms real,
+    overhead_max_ms real,
+
+    -- TTFB
+    ttfb_avg_ms real,
+
+    -- Pipeline timing (JSONB: {transform_name: avg_ms})
+    pipeline_timing jsonb,
+
+    -- Request patterns
+    avg_tokens_before integer,
+    avg_tokens_after integer,
+
+    -- Compression cache
+    compression_cache jsonb,
+
+    -- CCR usage
+    ccr jsonb,
+
+    -- Waste signals
+    waste_signals jsonb
+);
+
+-- Index for querying by session and time
+CREATE INDEX IF NOT EXISTS idx_ptv2_session_id ON proxy_telemetry_v2(session_id);
+CREATE INDEX IF NOT EXISTS idx_ptv2_created_at ON proxy_telemetry_v2(created_at DESC);
+CREATE INDEX IF NOT EXISTS idx_ptv2_version ON proxy_telemetry_v2(headroom_version);
+
+-- Enable Row Level Security
+ALTER TABLE proxy_telemetry_v2 ENABLE ROW LEVEL SECURITY;
+
+-- RLS policies: anon can INSERT (telemetry beacon) and SELECT (for debugging)
+CREATE POLICY "anon_insert" ON proxy_telemetry_v2
+    FOR INSERT TO anon
+    WITH CHECK (true);
+
+CREATE POLICY "anon_select" ON proxy_telemetry_v2
+    FOR SELECT TO anon
+    USING (true);
+
+-- Grant permissions to anon role
+GRANT INSERT, SELECT ON proxy_telemetry_v2 TO anon;