From the GitHub releases:

Hello, everyone! We've been hard at work enhancing SVT-AV1 with our additions to the encoder improving visual fidelity. Little by little, we are working on trying to bring many of them to mainline! For the time being, I want to note that major SVT-AV1-PSY releases & mainline releases are not the same, and the codebases differ due to our changes; the version numbers may be identical, but the versions themselves are not, which is disclosed within the encoder's version information. With that, we're excited to announce SVT-AV1-PSY v2.0.0! 🎉

PSY Updates

Variance boost

• Moved varboost delta-q adjusting code to happen before TPL, giving TPL the opportunity to work with more accurate superblock delta-q priors, and produce better final rdmult lambda values
  • Fixed rare cases of pulsing at high CRFs (>=40) and strengths (3-4)
  • 2% avg. bitrate reduction for comparable image quality
• Added an alternative boosting curve (--enable-alt-curve), with different variance/strength tradeoffs
• Refactored boost code so it internally works with native q-step ratios
• Removed legacy variance boosting method based on 64x64 values
  • Parameter --new-variance-octile -> --variance-octile

Excitingly, a var-boost mainline merge has been marked with the highest priority issue label by the mainline development team, so we may see this in mainline SVT-AV1 soon! Congrats @juliobbv! 🎉

Other

• Presets got faster, so in addition to Preset -2, we have an even slower Preset -3
• --sharpness now accepts negative values
• The SVT-AV1-PSY encoder now supports Dolby Vision encoding via Dolby Vision RPUs. To build with Dolby Vision support, install libdovi & pass --enable-libdovi to ./build.sh on macOS/Linux (or enable-libdovi to ./build.bat on Windows).

Mainline Updates

Major API updates

• Changed the API signaling the End Of Stream (EOS) with the last frame vs with an empty frame
• OPT_LD_LATENCY2 making the change above is kept in the code to help devs with integration
• The support of this API change has been merged to ffmpeg with a 2.0 version check
• Removed the 3-pass VBR mode which changed the calling mechanism of multi-pass VBR
• Moved to a new versioning scheme where the project major version will be updated every time API/ABI is changed

Encoder

• Improve the tradeoffs for the random access mode across presets:
• Speedup presets MR by ~100% and improved quality along with tradeoff improvements across the higher quality presets (!2179,#2158)
• Improved the compression efficiency of presets M9-M13 by 1-4% (!2179)
• Simplified VBR multi-pass to use 2 passes to allow integration with ffmpeg
• Continued adding ARM optimizations for functions with c_only equivalent
• Replaced the 3-pass VBR with a 2-pass VBR to ease the multi-pass integration with ffmpeg
• Memory savings of 20-35% for LP 8 mode in preset M6 and below and 1-5% in other modes / presets
• Film grain table support via --fgs-table (already in SVT-AV1-PSY) (link)
• Disable film grain denoise by default (already in SVT-AV1-PSY) (link)

Cleanup, bug fixes & documentation

• Various cleanups and functional bug fixes
• Update the documentation to reflect the rate control

Thanks for using SVT-AV1-PSY! ♥️

Full Changelog: https://github.com/gianni-rosato/svt-av1-psy/commits/v2.0.0