diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index d725bb8b..fb1ca56a 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -1,6 +1,6 @@
 repos:
 -   repo: https://github.com/pre-commit/pre-commit-hooks
-    rev: v4.2.0
+    rev: v4.5.0
     hooks:
     -   id: check-yaml
 
@@ -10,24 +10,24 @@ repos:
       - id: isort
 
 -   repo: https://github.com/psf/black
-    rev: 23.3.0
+    rev: 23.10.1
     hooks:
       - id: black
         name: black
 
 -   repo: https://github.com/pycqa/flake8
-    rev: 6.0.0
+    rev: 6.1.0
     hooks:
     -   id: flake8
 
 -   repo: https://github.com/pre-commit/mirrors-mypy
-    rev: v0.991
+    rev: v1.6.1
     hooks:
     -   id: mypy
         additional_dependencies: [types-setuptools, pydantic==1.10.4]
 
 -   repo: https://github.com/executablebooks/mdformat
-    rev: 0.7.14
+    rev: 0.7.17
     hooks:
     -   id: mdformat
         additional_dependencies: [mdformat-gfm, mdformat-frontmatter]
diff --git a/README.md b/README.md
index bd0c6820..a577e65b 100644
--- a/README.md
+++ b/README.md
@@ -38,6 +38,16 @@ ape compile
 
 The `.vy` files in your project will compile into `ContractTypes` that you can deploy and interact with in Ape.
 
+### Compiler Version
+
+By default, the `ape-vyper` plugin uses version pragma for version specification.
+However, you can also configure the version directly in your `ape-config.yaml` file:
+
+```yaml
+vyper:
+  version: 0.3.7
+```
+
 ### Interfaces
 
 You can not compile interface source files directly.
diff --git a/ape_vyper/compiler.py b/ape_vyper/compiler.py
index 411fe195..4348d579 100644
--- a/ape_vyper/compiler.py
+++ b/ape_vyper/compiler.py
@@ -9,6 +9,7 @@
 from typing import Any, Dict, Iterator, List, Optional, Set, Tuple, Union, cast
 
 import vvm  # type: ignore
+from ape._pydantic_compat import validator
 from ape.api import PluginConfig
 from ape.api.compiler import CompilerAPI
 from ape.exceptions import ContractLogicError
@@ -23,6 +24,7 @@
 from evm_trace.enums import CALL_OPCODES
 from packaging.specifiers import InvalidSpecifier, SpecifierSet
 from packaging.version import Version
+from vvm import compile_standard as vvm_compile_standard
 from vvm.exceptions import VyperError  # type: ignore
 
 from ape_vyper.exceptions import (
@@ -42,7 +44,16 @@
 
 
 class VyperConfig(PluginConfig):
+    version: Optional[SpecifierSet] = None
+    """
+    Configure a version to use for all files,
+    regardless of pragma.
+    """
+
     evm_version: Optional[str] = None
+    """
+    The evm-version or hard-fork name.
+    """
 
     import_remapping: List[str] = []
     """
@@ -58,6 +69,10 @@ class VyperConfig(PluginConfig):
 
     """
 
+    @validator("version", pre=True)
+    def validate_version(cls, value):
+        return SpecifierSet(_version_to_specifier(value)) if isinstance(value, str) else value
+
 
 def _install_vyper(version: Version):
     try:
@@ -113,6 +128,7 @@ def get_optimization_pragma(source: Union[str, Path]) -> Optional[str]:
     pragma_match = next(re.finditer(r"(?:\n|^)\s*#pragma\s+optimize\s+([^\n]*)", source_str), None)
     if pragma_match is None:
         return None
+
     return pragma_match.groups()[0]
 
 
@@ -252,6 +268,13 @@ def vyper_json(self):
         except ImportError:
             return None
 
+    @property
+    def config_version_pragma(self) -> Optional[SpecifierSet]:
+        if version := self.config.version:
+            return version
+
+        return None
+
     @property
     def import_remapping(self) -> Dict[str, Dict]:
         """
@@ -330,7 +353,7 @@ def compile(
 
                 vyper_binary = compiler_data[vyper_version]["vyper_binary"]
                 try:
-                    result = vvm.compile_standard(
+                    result = vvm_compile_standard(
                         input_json,
                         base_path=base_path,
                         vyper_version=vyper_version,
@@ -412,18 +435,20 @@ def get_version_map(
         self, contract_filepaths: List[Path], base_path: Optional[Path] = None
     ) -> Dict[Version, Set[Path]]:
         version_map: Dict[Version, Set[Path]] = {}
-        source_path_by_pragma_spec: Dict[SpecifierSet, Set[Path]] = {}
+        source_path_by_version_spec: Dict[SpecifierSet, Set[Path]] = {}
         source_paths_without_pragma = set()
 
         # Sort contract_filepaths to promote consistent, reproduce-able behavior
         for path in sorted(contract_filepaths):
-            if pragma := get_version_pragma_spec(path):
-                _safe_append(source_path_by_pragma_spec, pragma, path)
+            if config_spec := self.config_version_pragma:
+                _safe_append(source_path_by_version_spec, config_spec, path)
+            elif pragma := get_version_pragma_spec(path):
+                _safe_append(source_path_by_version_spec, pragma, path)
             else:
                 source_paths_without_pragma.add(path)
 
         # Install all requires versions *before* building map
-        for pragma_spec, path_set in source_path_by_pragma_spec.items():
+        for pragma_spec, path_set in source_path_by_version_spec.items():
             if list(pragma_spec.filter(self.installed_versions)):
                 # Already met.
                 continue
@@ -449,7 +474,7 @@ def get_version_map(
 
         # By this point, all the of necessary versions will be installed.
         # Thus, we will select only the best versions to use per source set.
-        for pragma_spec, path_set in source_path_by_pragma_spec.items():
+        for pragma_spec, path_set in source_path_by_version_spec.items():
             versions = sorted(list(pragma_spec.filter(self.installed_versions)), reverse=True)
             if versions:
                 _safe_append(version_map, versions[0], path_set)
@@ -1201,3 +1226,11 @@ def _is_fallback_check(opcodes: List[str], op: str) -> bool:
         and opcodes[6] == "SHR"
         and opcodes[5] == "0xE0"
     )
+
+
+def _version_to_specifier(version: str) -> str:
+    pragma_str = " ".join(version.split()).replace("^", "~=")
+    if pragma_str and pragma_str[0].isnumeric():
+        return f"=={pragma_str}"
+
+    return pragma_str
diff --git a/setup.py b/setup.py
index 30a487ce..27eac582 100644
--- a/setup.py
+++ b/setup.py
@@ -11,13 +11,13 @@
         "hypothesis>=6.2.0,<7.0",  # Strategy-based fuzzer
     ],
     "lint": [
-        "black>=23.3.0,<24",  # Auto-formatter and linter
-        "mypy>=0.991,<1",  # Static type analyzer
+        "black>=23.10.1,<24",  # Auto-formatter and linter
+        "mypy>=1.6.1",  # Static type analyzer
         "types-setuptools",  # Needed due to mypy typeshed
         "pydantic<2.0",  # Needed for successful type check. TODO: Remove after full v2 support.
-        "flake8>=6.0.0,<7",  # Style linter
+        "flake8>=6.1.0,<7",  # Style linter
         "isort>=5.10.1",  # Import sorting linter
-        "mdformat>=0.7.16",  # Auto-formatter for markdown
+        "mdformat>=0.7.17",  # Auto-formatter for markdown
         "mdformat-gfm>=0.3.5",  # Needed for formatting GitHub-flavored markdown
         "mdformat-frontmatter>=0.4.1",  # Needed for frontmatters-style headers in issue templates
     ],
diff --git a/tests/conftest.py b/tests/conftest.py
index dd803fba..e2898b84 100644
--- a/tests/conftest.py
+++ b/tests/conftest.py
@@ -10,8 +10,6 @@
 import pytest
 import vvm  # type: ignore
 
-from ape_vyper.compiler import VyperCompiler
-
 # NOTE: Ensure that we don't use local paths for these
 DATA_FOLDER = Path(mkdtemp()).resolve()
 PROJECT_FOLDER = Path(mkdtemp()).resolve()
@@ -140,7 +138,7 @@ def project_folder():
 
 @pytest.fixture
 def compiler():
-    return VyperCompiler()
+    return ape.compilers.vyper
 
 
 @pytest.fixture
diff --git a/tests/projects/version_in_config/ape-config.yaml b/tests/projects/version_in_config/ape-config.yaml
new file mode 100644
index 00000000..5eb0b078
--- /dev/null
+++ b/tests/projects/version_in_config/ape-config.yaml
@@ -0,0 +1,2 @@
+vyper:
+  version: 0.3.7
diff --git a/tests/projects/version_in_config/contracts/v_contract.vy b/tests/projects/version_in_config/contracts/v_contract.vy
new file mode 100644
index 00000000..38602d92
--- /dev/null
+++ b/tests/projects/version_in_config/contracts/v_contract.vy
@@ -0,0 +1,5 @@
+# @version 0.3.10
+
+@external
+def foo(a: uint256) -> bool:
+    return True
diff --git a/tests/test_compiler.py b/tests/test_compiler.py
index b4258b5f..fb2f52ac 100644
--- a/tests/test_compiler.py
+++ b/tests/test_compiler.py
@@ -445,3 +445,17 @@ def test_trace_source_default_method(geth_provider, account, project):
     actual = str(src_tb[-1][-1]).lstrip()  # Last line in traceback (without indent).
     expected = "8     log NotPayment(msg.sender)"
     assert actual == expected
+
+
+def test_compile_with_version_set(config, projects_path, compiler, mocker):
+    path = projects_path / "version_in_config"
+    version_from_config = "0.3.7"
+    spy = mocker.patch("ape_vyper.compiler.vvm_compile_standard")
+    with config.using_project(path) as project:
+        contract = project.contracts_folder / "v_contract.vy"
+        settings = compiler.get_compiler_settings((contract,))
+        assert str(list(settings.keys())[0]) == version_from_config
+
+        # Show it uses this version in the compiler.
+        project.load_contracts(use_cache=False)
+        assert str(spy.call_args[1]["vyper_version"]) == version_from_config