diff --git a/.github/package.xcworkspace/xcshareddata/swiftpm/Package.resolved b/.github/package.xcworkspace/xcshareddata/swiftpm/Package.resolved
index bc4d7f7382d2..98bcdc5b5f49 100644
--- a/.github/package.xcworkspace/xcshareddata/swiftpm/Package.resolved
+++ b/.github/package.xcworkspace/xcshareddata/swiftpm/Package.resolved
@@ -5,8 +5,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/combine-schedulers",
       "state" : {
-        "revision" : "9fa31f4403da54855f1e2aeaeff478f4f0e40b13",
-        "version" : "1.0.2"
+        "revision" : "5928286acce13def418ec36d05a001a9641086f2",
+        "version" : "1.0.3"
       }
     },
     {
@@ -23,8 +23,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-clocks",
       "state" : {
-        "revision" : "b9b24b69e2adda099a1fa381cda1eeec272d5b53",
-        "version" : "1.0.5"
+        "revision" : "cc46202b53476d64e824e0b6612da09d84ffde8e",
+        "version" : "1.0.6"
       }
     },
     {
@@ -41,8 +41,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-concurrency-extras",
       "state" : {
-        "revision" : "163409ef7dae9d960b87f34b51587b6609a76c1f",
-        "version" : "1.3.0"
+        "revision" : "82a4ae7170d98d8538ec77238b7eb8e7199ef2e8",
+        "version" : "1.3.1"
       }
     },
     {
@@ -59,8 +59,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-dependencies",
       "state" : {
-        "revision" : "5526c8a27675dc7b18d6fa643abfb64bcb200b77",
-        "version" : "1.6.2"
+        "revision" : "85f89f5d0ce5a18945f65371d40ca997da85a41a",
+        "version" : "1.6.3"
       }
     },
     {
@@ -104,8 +104,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-navigation",
       "state" : {
-        "revision" : "16a27ab7ae0abfefbbcba73581b3e2380b47a579",
-        "version" : "2.2.2"
+        "revision" : "e28911721538fa0c2439e92320bad13e3200866f",
+        "version" : "2.2.3"
       }
     },
     {
@@ -122,8 +122,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-sharing",
       "state" : {
-        "revision" : "524e1a6868f0c9eebe8002e3f604912865521beb",
-        "version" : "1.0.4"
+        "revision" : "c5ea46f0712cd3b639e2c7d6bf3f193116e0ff8d",
+        "version" : "2.0.2"
       }
     },
     {
diff --git a/ComposableArchitecture.xcworkspace/xcshareddata/swiftpm/Package.resolved b/ComposableArchitecture.xcworkspace/xcshareddata/swiftpm/Package.resolved
index 968137e746cf..94998dfcc7d3 100644
--- a/ComposableArchitecture.xcworkspace/xcshareddata/swiftpm/Package.resolved
+++ b/ComposableArchitecture.xcworkspace/xcshareddata/swiftpm/Package.resolved
@@ -1,5 +1,5 @@
 {
-  "originHash" : "be743d77a36d5e157b8f2f96e0924c48c1b3fc8eaaf625f6a20688077102dd90",
+  "originHash" : "7bde44da63d64357331b7d73c1c3f9d1aa732b1793a1d1fc5879f2c192bef69c",
   "pins" : [
     {
       "identity" : "combine-schedulers",
@@ -123,8 +123,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-sharing",
       "state" : {
-        "revision" : "dbcd9d49089c4b0d171bc28244f21f4cf9813b11",
-        "version" : "1.1.2"
+        "revision" : "c5ea46f0712cd3b639e2c7d6bf3f193116e0ff8d",
+        "version" : "2.0.2"
       }
     },
     {
diff --git a/Examples/CaseStudies/SwiftUICaseStudiesTests/01-GettingStarted-AnimationsTests.swift b/Examples/CaseStudies/SwiftUICaseStudiesTests/01-GettingStarted-AnimationsTests.swift
index b5a05e09ab16..83f7e962c0c6 100644
--- a/Examples/CaseStudies/SwiftUICaseStudiesTests/01-GettingStarted-AnimationsTests.swift
+++ b/Examples/CaseStudies/SwiftUICaseStudiesTests/01-GettingStarted-AnimationsTests.swift
@@ -56,7 +56,7 @@ struct AnimationTests {
       $0.circleColor = .black
     }
 
-    await clock.run()
+    await clock.run(timeout: .seconds(7))
   }
 
   @Test
diff --git a/Examples/SyncUps/SyncUps/AppFeature.swift b/Examples/SyncUps/SyncUps/AppFeature.swift
index b2e0558aa361..3ee5cdd034cd 100644
--- a/Examples/SyncUps/SyncUps/AppFeature.swift
+++ b/Examples/SyncUps/SyncUps/AppFeature.swift
@@ -54,9 +54,7 @@ struct AppView: View {
 
   var body: some View {
     NavigationStack(path: $store.scope(state: \.path, action: \.path)) {
-      SyncUpsListView(
-        store: store.scope(state: \.syncUpsList, action: \.syncUpsList)
-      )
+      SyncUpsListView(store: store.scope(state: \.syncUpsList, action: \.syncUpsList))
     } destination: { store in
       switch store.case {
       case let .detail(store):
diff --git a/Examples/SyncUps/SyncUps/RecordMeeting.swift b/Examples/SyncUps/SyncUps/RecordMeeting.swift
index 63a6adbf5e91..2f0a5e95e395 100644
--- a/Examples/SyncUps/SyncUps/RecordMeeting.swift
+++ b/Examples/SyncUps/SyncUps/RecordMeeting.swift
@@ -72,7 +72,7 @@ struct RecordMeeting {
             ? speechClient.requestAuthorization()
             : speechClient.authorizationStatus()
 
-          await withTaskGroup(of: Void.self) { group in
+          await withDiscardingTaskGroup { group in
             if authorization == .authorized {
               group.addTask {
                 await startSpeechRecognition(send: send)
diff --git a/Package.resolved b/Package.resolved
index 38987b9792ad..9b3471c17b71 100644
--- a/Package.resolved
+++ b/Package.resolved
@@ -1,13 +1,13 @@
 {
-  "originHash" : "daf106e4a50354e80d4874c54dee4b63ae0e8650346403e3489835d2a6005ea8",
+  "originHash" : "6727aa1791df9992e75965cc70f604fddc462c64604478ad596f7f96230963a6",
   "pins" : [
     {
       "identity" : "combine-schedulers",
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/combine-schedulers",
       "state" : {
-        "revision" : "9fa31f4403da54855f1e2aeaeff478f4f0e40b13",
-        "version" : "1.0.2"
+        "revision" : "5928286acce13def418ec36d05a001a9641086f2",
+        "version" : "1.0.3"
       }
     },
     {
@@ -24,8 +24,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-clocks",
       "state" : {
-        "revision" : "b9b24b69e2adda099a1fa381cda1eeec272d5b53",
-        "version" : "1.0.5"
+        "revision" : "cc46202b53476d64e824e0b6612da09d84ffde8e",
+        "version" : "1.0.6"
       }
     },
     {
@@ -42,8 +42,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-concurrency-extras",
       "state" : {
-        "revision" : "163409ef7dae9d960b87f34b51587b6609a76c1f",
-        "version" : "1.3.0"
+        "revision" : "82a4ae7170d98d8538ec77238b7eb8e7199ef2e8",
+        "version" : "1.3.1"
       }
     },
     {
@@ -60,8 +60,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-dependencies",
       "state" : {
-        "revision" : "5526c8a27675dc7b18d6fa643abfb64bcb200b77",
-        "version" : "1.6.2"
+        "revision" : "85f89f5d0ce5a18945f65371d40ca997da85a41a",
+        "version" : "1.6.3"
       }
     },
     {
@@ -105,8 +105,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-navigation",
       "state" : {
-        "revision" : "16a27ab7ae0abfefbbcba73581b3e2380b47a579",
-        "version" : "2.2.2"
+        "revision" : "e28911721538fa0c2439e92320bad13e3200866f",
+        "version" : "2.2.3"
       }
     },
     {
@@ -123,8 +123,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/pointfreeco/swift-sharing",
       "state" : {
-        "revision" : "524e1a6868f0c9eebe8002e3f604912865521beb",
-        "version" : "1.0.4"
+        "revision" : "c5ea46f0712cd3b639e2c7d6bf3f193116e0ff8d",
+        "version" : "2.0.2"
       }
     },
     {
diff --git a/Package.swift b/Package.swift
index 6f531d62f48f..387d16f78460 100644
--- a/Package.swift
+++ b/Package.swift
@@ -28,7 +28,7 @@ let package = Package(
     .package(url: "https://github.com/pointfreeco/swift-macro-testing", from: "0.2.0"),
     .package(url: "https://github.com/pointfreeco/swift-navigation", from: "2.2.2"),
     .package(url: "https://github.com/pointfreeco/swift-perception", from: "1.3.4"),
-    .package(url: "https://github.com/pointfreeco/swift-sharing", "0.1.2"..<"2.0.0"),
+    .package(url: "https://github.com/pointfreeco/swift-sharing", "0.1.2"..<"3.0.0"),
     .package(url: "https://github.com/pointfreeco/xctest-dynamic-overlay", from: "1.3.0"),
     .package(url: "https://github.com/swiftlang/swift-docc-plugin", from: "1.0.0"),
     .package(url: "https://github.com/swiftlang/swift-syntax", "509.0.0"..<"601.0.0"),
diff --git a/Package@swift-6.0.swift b/Package@swift-6.0.swift
index bbccd895f980..15705d2b5210 100644
--- a/Package@swift-6.0.swift
+++ b/Package@swift-6.0.swift
@@ -28,7 +28,7 @@ let package = Package(
     .package(url: "https://github.com/pointfreeco/swift-macro-testing", from: "0.2.0"),
     .package(url: "https://github.com/pointfreeco/swift-navigation", from: "2.2.2"),
     .package(url: "https://github.com/pointfreeco/swift-perception", from: "1.3.4"),
-    .package(url: "https://github.com/pointfreeco/swift-sharing", "0.1.2"..<"2.0.0"),
+    .package(url: "https://github.com/pointfreeco/swift-sharing", "0.1.2"..<"3.0.0"),
     .package(url: "https://github.com/pointfreeco/xctest-dynamic-overlay", from: "1.3.0"),
     .package(url: "https://github.com/swiftlang/swift-docc-plugin", from: "1.0.0"),
     .package(url: "https://github.com/swiftlang/swift-syntax", "509.0.0"..<"601.0.0"),
diff --git a/Sources/ComposableArchitecture/Documentation.docc/Articles/MigrationGuides.md b/Sources/ComposableArchitecture/Documentation.docc/Articles/MigrationGuides.md
index 0b32ad55472d..2bb4f6e3d05e 100644
--- a/Sources/ComposableArchitecture/Documentation.docc/Articles/MigrationGuides.md
+++ b/Sources/ComposableArchitecture/Documentation.docc/Articles/MigrationGuides.md
@@ -14,6 +14,7 @@ APIs, and these guides contain tips to do so.
 
 ## Topics
 
+- <doc:MigratingTo1.17.1>
 - <doc:MigratingTo1.17>
 - <doc:MigratingTo1.16>
 - <doc:MigratingTo1.15>
diff --git a/Sources/ComposableArchitecture/Documentation.docc/Articles/MigrationGuides/MigratingTo1.17.1.md b/Sources/ComposableArchitecture/Documentation.docc/Articles/MigrationGuides/MigratingTo1.17.1.md
new file mode 100644
index 000000000000..6b0dcb653bcf
--- /dev/null
+++ b/Sources/ComposableArchitecture/Documentation.docc/Articles/MigrationGuides/MigratingTo1.17.1.md
@@ -0,0 +1,30 @@
+# Migrating to 1.17.1
+
+The Sharing library has graduated, with backwards-incompatible changes, to 2.0, and the Composable
+Architecture has been updated to extend support to this new version.
+
+## Overview
+
+The [Sharing][sharing-gh] package is a general purpose, state-sharing and persistence toolkit that
+works on all platforms supported by Swift, including iOS/macOS, Linux, Windows, Wasm, and more.
+
+A [2.0][2.0-release] has introduced new features and functionality, and the Composable Architecture
+1.17.1 includes support for this release.
+
+While many of Sharing 2.0's APIs are backwards-compatible with 1.0, if you have defined any of your
+own custom persistence strategies via the `SharedKey` or `SharedReaderKey` protocols, you will need
+to migrate them in order to support the brand new error handling and async functionality.
+
+If you are not ready to migrate, then you can add an explicit dependency on the library to pin to
+any version less than 2.0:
+
+```swift
+.package(url: "https://github.com/pointfreeco/swift-sharing", from: "0.1.0"),
+```
+
+If you are ready to upgrade to 2.0, then you can follow the [2.0 migration guide][2.0-migration]
+from that package.
+
+[sharing-gh]: https://github.com/pointfreeco/swift-sharing
+[1.0-migration]: https://swiftpackageindex.com/pointfreeco/swift-sharing/main/documentation/sharing/migratingto2.0
+[2.0-release]: https://github.com/pointfreeco/swift-sharing/releases/2.0.0
diff --git a/Sources/ComposableArchitecture/Sharing/AppStorageKeyPathKey.swift b/Sources/ComposableArchitecture/Sharing/AppStorageKeyPathKey.swift
index d771ca70aebf..001435cacf2b 100644
--- a/Sources/ComposableArchitecture/Sharing/AppStorageKeyPathKey.swift
+++ b/Sources/ComposableArchitecture/Sharing/AppStorageKeyPathKey.swift
@@ -39,30 +39,57 @@ public struct AppStorageKeyPathKey<Value: Sendable>: Sendable {
 
 @available(*, deprecated, message: "Use an 'AppStorageKey', instead")
 extension AppStorageKeyPathKey: SharedKey, Hashable {
-  public func load(initialValue _: Value?) -> Value? {
-    self.store.wrappedValue[keyPath: self.keyPath]
-  }
+  #if canImport(Sharing2)
+    public func load(context: LoadContext<Value>, continuation: LoadContinuation<Value>) {
+      continuation.resume(returning: self.store.wrappedValue[keyPath: self.keyPath])
+    }
 
-  public func save(_ newValue: Value, immediately: Bool) {
-    SharedAppStorageLocals.$isSetting.withValue(true) {
-      self.store.wrappedValue[keyPath: self.keyPath] = newValue
+    public func subscribe(context: LoadContext<Value>, subscriber: SharedSubscriber<Value>)
+      -> SharedSubscription
+    {
+      let observer = self.store.wrappedValue.observe(self.keyPath, options: .new) { _, change in
+        guard
+          !SharedAppStorageLocals.isSetting
+        else { return }
+        subscriber.yield(with: Result { change.newValue })
+      }
+      return SharedSubscription {
+        observer.invalidate()
+      }
     }
-  }
 
-  public func subscribe(
-    initialValue: Value?,
-    didSet receiveValue: @escaping @Sendable (_ newValue: Value?) -> Void
-  ) -> SharedSubscription {
-    let observer = self.store.wrappedValue.observe(self.keyPath, options: .new) { _, change in
-      guard
-        !SharedAppStorageLocals.isSetting
-      else { return }
-      receiveValue(change.newValue ?? initialValue)
+    public func save(_ value: Value, context: SaveContext, continuation: SaveContinuation) {
+      SharedAppStorageLocals.$isSetting.withValue(true) {
+        self.store.wrappedValue[keyPath: self.keyPath] = value
+      }
+      continuation.resume()
     }
-    return SharedSubscription {
-      observer.invalidate()
+  #else
+    public func load(initialValue _: Value?) -> Value? {
+      self.store.wrappedValue[keyPath: self.keyPath]
     }
-  }
+
+    public func subscribe(
+      initialValue: Value?,
+      didSet receiveValue: @escaping @Sendable (_ newValue: Value?) -> Void
+    ) -> SharedSubscription {
+      let observer = self.store.wrappedValue.observe(self.keyPath, options: .new) { _, change in
+        guard
+          !SharedAppStorageLocals.isSetting
+        else { return }
+        receiveValue(change.newValue ?? initialValue)
+      }
+      return SharedSubscription {
+        observer.invalidate()
+      }
+    }
+
+    public func save(_ newValue: Value, immediately: Bool) {
+      SharedAppStorageLocals.$isSetting.withValue(true) {
+        self.store.wrappedValue[keyPath: self.keyPath] = newValue
+      }
+    }
+  #endif
 }
 
 // NB: This is mainly used for tests, where observer notifications can bleed across cases.