diff --git a/.all-contributorsrc b/.all-contributorsrc
index 03c818670..a5dd02a27 100644
--- a/.all-contributorsrc
+++ b/.all-contributorsrc
@@ -123,10 +123,10 @@
       ]
     },
     {
-      "login": "probablyup",
+      "login": "quantizor",
       "name": "Evan Jacobs",
       "avatar_url": "https://avatars.githubusercontent.com/u/570070?v=4",
-      "profile": "https://probablyup.com",
+      "profile": "https://quantizor.dev",
       "contributions": [
         "question",
         "code",
diff --git a/.changeset/empty-vans-bathe.md b/.changeset/empty-vans-bathe.md
new file mode 100644
index 000000000..adfff99c5
--- /dev/null
+++ b/.changeset/empty-vans-bathe.md
@@ -0,0 +1,5 @@
+---
+'formik': patch
+---
+
+Changing the state inside formik was changing reference of initialValues provided via props, deep cloning the initialvalues will fix it.
diff --git a/.github/CODEOWNERS b/.github/CODEOWNERS
index b948465e4..605db9d96 100644
--- a/.github/CODEOWNERS
+++ b/.github/CODEOWNERS
@@ -1,6 +1,6 @@
 # Learn how to add code owners here:
 # https://help.github.com/en/articles/about-code-owners
 
-*          @jaredpalmer @probablyup
-/docs/     @jaredpalmer @probablyup
-/examples/ @jaredpalmer @probablyup
\ No newline at end of file
+*          @jaredpalmer @quantizor
+/docs/     @jaredpalmer @quantizor
+/examples/ @jaredpalmer @quantizor
\ No newline at end of file
diff --git a/.github/CONTRIBUTING.md b/.github/CONTRIBUTING.md
index b58951398..1193bd4d0 100644
--- a/.github/CONTRIBUTING.md
+++ b/.github/CONTRIBUTING.md
@@ -69,8 +69,8 @@ git remote add upstream https://github.com/formik/formik.git
 3. Synchronize your local `next` branch with the upstream one:
 
 ```sh
-git checkout master
-git pull upstream master
+git checkout main
+git pull upstream main
 ```
 
 4. Install the dependencies with [yarn](https://yarnpkg.com) (npm isn't supported):
@@ -122,7 +122,7 @@ the results. If any of them fail, refer to [Checks and how to fix them](#checks-
 
 Make sure the following is true:
 
-- The branch is targeted at `master` for ongoing development. We do our best to keep `master` in good shape, with all tests passing. Code that lands in `master` must be compatible with the latest stable release. It may contain additional features, but no breaking changes. We should be able to release a new minor version from the tip of `master` at any time.
+- The branch is targeted at `main` for ongoing development. We do our best to keep `main` in good shape, with all tests passing. Code that lands in `main` must be compatible with the latest stable release. It may contain additional features, but no breaking changes. We should be able to release a new minor version from the tip of `main` at any time.
 - If a feature is being added:
   - If the result was already achievable with the library, explain why this feature needs to be added.
   - If this is a common use case, consider adding an example to the documentation.
diff --git a/.vscode/settings.json b/.vscode/settings.json
index e56b4cfc8..11a40855a 100644
--- a/.vscode/settings.json
+++ b/.vscode/settings.json
@@ -2,6 +2,6 @@
   "typescript.tsdk": "node_modules/typescript/lib",
   "editor.formatOnSave": false,
   "editor.codeActionsOnSave": {
-    "source.fixAll.eslint": true
+    "source.fixAll.eslint": "explicit"
   },
 }
diff --git a/docs/api/fastfield.md b/docs/api/fastfield.md
index cd9d7b1bf..32fa48ee3 100644
--- a/docs/api/fastfield.md
+++ b/docs/api/fastfield.md
@@ -57,7 +57,8 @@ const Basic = () => (
           alert(JSON.stringify(values, null, 2));
         }, 500);
       }}
-      render={formikProps => (
+    >
+      {formikProps => (
         <Form>
           {/** This <FastField> only updates for changes made to
            values.firstName, touched.firstName, errors.firstName */}
@@ -66,8 +67,8 @@ const Basic = () => (
 
           {/** Updates for all changes because it's from the
            top-level formikProps which get all updates */}
-          {form.touched.firstName && form.errors.firstName && (
-            <div>{form.errors.firstName}</div>
+          {formikProps.touched.firstName && formikProps.errors.firstName && (
+            <div>{formikProps.errors.firstName}</div>
           )}
 
           <label htmlFor="middleInitial">Middle Initial</label>
@@ -105,7 +106,7 @@ const Basic = () => (
            and all changes by all <Field>s and <FastField>s */}
           <label htmlFor="lastName">LastName</label>
           <Field name="lastName" placeholder="Baby">
-            {() => (
+            {({ field, form, meta }) => (
               <div>
                 <input {...field} />
                 {/**  Works because this is inside
@@ -125,7 +126,7 @@ const Basic = () => (
           <button type="submit">Submit</button>
         </Form>
       )}
-    />
+    </Formik>
   </div>
 );
 ```
diff --git a/docs/api/field.md b/docs/api/field.md
index 422493ec6..a2c1002c6 100644
--- a/docs/api/field.md
+++ b/docs/api/field.md
@@ -102,7 +102,7 @@ Either a React component or the name of an HTML element to render. That is, one
 - A valid HTML element name
 - A custom React component
 
-Custom React components will be passed `onChange`, `onBlur`, `name`, and `value` plus any other props passed to directly to `<Field>`.
+Custom React components will be passed `onChange`, `onBlur`, `name`, and `value` plus any other props passed directly to `<Field>`.
 
 Default is `'input'` (so an `<input>` is rendered by default)
 
diff --git a/packages/formik/CHANGELOG.md b/packages/formik/CHANGELOG.md
index a8cb976cd..cead81a0e 100644
--- a/packages/formik/CHANGELOG.md
+++ b/packages/formik/CHANGELOG.md
@@ -28,7 +28,7 @@
 
 ### Patch Changes
 
-- [`96280d3`](https://github.com/jaredpalmer/formik/commit/96280d388eaa0f2e9fb84e7fd2aa45450de3a949) [#3817](https://github.com/jaredpalmer/formik/pull/3817) Thanks [@probablyup](https://github.com/probablyup)! - Updated internal types to support React 18.
+- [`96280d3`](https://github.com/jaredpalmer/formik/commit/96280d388eaa0f2e9fb84e7fd2aa45450de3a949) [#3817](https://github.com/jaredpalmer/formik/pull/3817) Thanks [@quantizor](https://github.com/quantizor)! - Updated internal types to support React 18.
 
 ## 2.4.1
 
@@ -36,21 +36,21 @@
 
 - [`2b194c2`](https://github.com/jaredpalmer/formik/commit/2b194c287dc281ec2a8ff691d75c6b798ab5f70c) [#3808](https://github.com/jaredpalmer/formik/pull/3808) Thanks [@NagaiKoki](https://github.com/NagaiKoki)! - fix type of setFieldValue function
 
-* [`708bcb2`](https://github.com/jaredpalmer/formik/commit/708bcb24785f1f8fbb5dfd649de3df4fddf7a113) [#3813](https://github.com/jaredpalmer/formik/pull/3813) Thanks [@probablyup](https://github.com/probablyup)! - Revert `FieldArray` "shouldComponentUpdate" performance optimization. As it turns out, it's a common use case to have JSX controlled via non-Formik state/props inside of `FieldArray`, so it's not safe to cancel re-renders here.
+* [`708bcb2`](https://github.com/jaredpalmer/formik/commit/708bcb24785f1f8fbb5dfd649de3df4fddf7a113) [#3813](https://github.com/jaredpalmer/formik/pull/3813) Thanks [@quantizor](https://github.com/quantizor)! - Revert `FieldArray` "shouldComponentUpdate" performance optimization. As it turns out, it's a common use case to have JSX controlled via non-Formik state/props inside of `FieldArray`, so it's not safe to cancel re-renders here.
 
-- [`187e47d`](https://github.com/jaredpalmer/formik/commit/187e47de0c4289cb279e25d69f8172cfa14369d2) [#3815](https://github.com/jaredpalmer/formik/pull/3815) Thanks [@probablyup](https://github.com/probablyup)! - Revert Yup transform support for the time being, this may be re-introduced in a future release under an opt-in prop.
+- [`187e47d`](https://github.com/jaredpalmer/formik/commit/187e47de0c4289cb279e25d69f8172cfa14369d2) [#3815](https://github.com/jaredpalmer/formik/pull/3815) Thanks [@quantizor](https://github.com/quantizor)! - Revert Yup transform support for the time being, this may be re-introduced in a future release under an opt-in prop.
 
 ## 2.4.0
 
 ### Minor Changes
 
-- [`2f53b70`](https://github.com/jaredpalmer/formik/commit/2f53b70ef9c086a268330fa263390a2edd0164dd) [#3796](https://github.com/jaredpalmer/formik/pull/3796) Thanks [@probablyup](https://github.com/probablyup)! - Add support for Yup ["transforms"](https://github.com/jquense/yup#parsing-transforms).
+- [`2f53b70`](https://github.com/jaredpalmer/formik/commit/2f53b70ef9c086a268330fa263390a2edd0164dd) [#3796](https://github.com/jaredpalmer/formik/pull/3796) Thanks [@quantizor](https://github.com/quantizor)! - Add support for Yup ["transforms"](https://github.com/jquense/yup#parsing-transforms).
 
 ## 2.3.3
 
 ### Patch Changes
 
-- [`f075a0c`](https://github.com/jaredpalmer/formik/commit/f075a0cf8228c135ff71c58e139246ad24aae529) [#3798](https://github.com/jaredpalmer/formik/pull/3798) Thanks [@probablyup](https://github.com/probablyup)! - Fixed the use of generics for the `ArrayHelpers` type such that `any[]` is the default array type and for each individual method the array item type can be overridden if necessary.
+- [`f075a0c`](https://github.com/jaredpalmer/formik/commit/f075a0cf8228c135ff71c58e139246ad24aae529) [#3798](https://github.com/jaredpalmer/formik/pull/3798) Thanks [@quantizor](https://github.com/quantizor)! - Fixed the use of generics for the `ArrayHelpers` type such that `any[]` is the default array type and for each individual method the array item type can be overridden if necessary.
 
 ## 2.3.2
 
@@ -58,21 +58,21 @@
 
 - [`f086b5a`](https://github.com/jaredpalmer/formik/commit/f086b5a3bb6a155b4dc4ac3735c88805f9f5c4e4) [#3237](https://github.com/jaredpalmer/formik/pull/3237) Thanks [@pieplu](https://github.com/pieplu)! - Changed `getIn` to return undefined when it can't find a value AND a parent of that value is "falsy" ( "" / 0 / null / false )
 
-* [`6d8f018`](https://github.com/jaredpalmer/formik/commit/6d8f018d7f52b863405b2e310be4b4195c2ba39c) [#3792](https://github.com/jaredpalmer/formik/pull/3792) Thanks [@probablyup](https://github.com/probablyup)! - Update the type for `setFieldValue` to reflect the returned `Promise` and potential returned error(s).
+* [`6d8f018`](https://github.com/jaredpalmer/formik/commit/6d8f018d7f52b863405b2e310be4b4195c2ba39c) [#3792](https://github.com/jaredpalmer/formik/pull/3792) Thanks [@quantizor](https://github.com/quantizor)! - Update the type for `setFieldValue` to reflect the returned `Promise` and potential returned error(s).
 
 ## 2.3.1
 
 ### Patch Changes
 
-- [`290d92b`](https://github.com/jaredpalmer/formik/commit/290d92b34056593f551ad55baf00dc6f8c700bbe) [#3793](https://github.com/jaredpalmer/formik/pull/3793) Thanks [@probablyup](https://github.com/probablyup)! - Fix potential infinite loop scenario when `initialValues` changes but `enableReinitialize` is not truthy.
+- [`290d92b`](https://github.com/jaredpalmer/formik/commit/290d92b34056593f551ad55baf00dc6f8c700bbe) [#3793](https://github.com/jaredpalmer/formik/pull/3793) Thanks [@quantizor](https://github.com/quantizor)! - Fix potential infinite loop scenario when `initialValues` changes but `enableReinitialize` is not truthy.
 
 ## 2.3.0
 
 ### Minor Changes
 
-- [`73de78d`](https://github.com/jaredpalmer/formik/commit/73de78d169f0bc25bd84dff0beaed3cc7a2cbb11) [#3788](https://github.com/jaredpalmer/formik/pull/3788) Thanks [@probablyup](https://github.com/probablyup)! - Added typescript generics to `ArrayHelpers` interface and its methods so that users who use TypeScript can set the type for their arrays and have type safety on array utils. I have also gone ahead and made supplying a type for the generic optional for the sake of backwards compatibility so any existing TS code that does not give a type for the FieldArray will continue to work as they always have.
+- [`73de78d`](https://github.com/jaredpalmer/formik/commit/73de78d169f0bc25bd84dff0beaed3cc7a2cbb11) [#3788](https://github.com/jaredpalmer/formik/pull/3788) Thanks [@quantizor](https://github.com/quantizor)! - Added typescript generics to `ArrayHelpers` interface and its methods so that users who use TypeScript can set the type for their arrays and have type safety on array utils. I have also gone ahead and made supplying a type for the generic optional for the sake of backwards compatibility so any existing TS code that does not give a type for the FieldArray will continue to work as they always have.
 
-* [`39a7bf7`](https://github.com/jaredpalmer/formik/commit/39a7bf7ca31f2ef5b149a8ff02bab64667e19654) [#3786](https://github.com/jaredpalmer/formik/pull/3786) Thanks [@probablyup](https://github.com/probablyup)! - Yup by default only allows for cross-field validation within the
+* [`39a7bf7`](https://github.com/jaredpalmer/formik/commit/39a7bf7ca31f2ef5b149a8ff02bab64667e19654) [#3786](https://github.com/jaredpalmer/formik/pull/3786) Thanks [@quantizor](https://github.com/quantizor)! - Yup by default only allows for cross-field validation within the
   same field object. This is not that useful in most scenarios because
   a sufficiently-complex form will have several `yup.object()` in the
   schema.
@@ -115,17 +115,17 @@
 
 ### Patch Changes
 
-- [`22e236e`](https://github.com/jaredpalmer/formik/commit/22e236ed8035c7c5824232202c8ce52193338d5a) [#3784](https://github.com/jaredpalmer/formik/pull/3784) Thanks [@probablyup](https://github.com/probablyup)! - Improve performance of the `FieldArray` component by adding a `shouldComponentUpdate` check; this should help avoid unnecessary re-renders which may affect the performance of a form.
+- [`22e236e`](https://github.com/jaredpalmer/formik/commit/22e236ed8035c7c5824232202c8ce52193338d5a) [#3784](https://github.com/jaredpalmer/formik/pull/3784) Thanks [@quantizor](https://github.com/quantizor)! - Improve performance of the `FieldArray` component by adding a `shouldComponentUpdate` check; this should help avoid unnecessary re-renders which may affect the performance of a form.
 
-* [`bc9cb28`](https://github.com/jaredpalmer/formik/commit/bc9cb28df7ad07277a499e8301cfd1bb7b230b86) [#3785](https://github.com/jaredpalmer/formik/pull/3785) Thanks [@probablyup](https://github.com/probablyup)! - Fixed field error state for array fields that have an error and become empty through an API like `arrayHelpers.remove`.
+* [`bc9cb28`](https://github.com/jaredpalmer/formik/commit/bc9cb28df7ad07277a499e8301cfd1bb7b230b86) [#3785](https://github.com/jaredpalmer/formik/pull/3785) Thanks [@quantizor](https://github.com/quantizor)! - Fixed field error state for array fields that have an error and become empty through an API like `arrayHelpers.remove`.
 
   The prior behavior resolved the field error to `[undefined]`, now it is simply `undefined`.
 
-- [`9cbf150`](https://github.com/jaredpalmer/formik/commit/9cbf150e65d7c5498900f19b4fa1897ca8a2c87f) [#3787](https://github.com/jaredpalmer/formik/pull/3787) Thanks [@probablyup](https://github.com/probablyup)! - Fix infinite loop issue in `Field` when field helpers (`setTouched`, etc) are used as an argument in `React.useEffect`.
+- [`9cbf150`](https://github.com/jaredpalmer/formik/commit/9cbf150e65d7c5498900f19b4fa1897ca8a2c87f) [#3787](https://github.com/jaredpalmer/formik/pull/3787) Thanks [@quantizor](https://github.com/quantizor)! - Fix infinite loop issue in `Field` when field helpers (`setTouched`, etc) are used as an argument in `React.useEffect`.
 
-* [`9c75a9f`](https://github.com/jaredpalmer/formik/commit/9c75a9f639eb38ad55c351e5e1def8a7e5ebd1f3) [#3780](https://github.com/jaredpalmer/formik/pull/3780) Thanks [@probablyup](https://github.com/probablyup)! - Fixed an issue with array field errors being incorrectly split into an array of individual characters instead of an array of error strings.
+* [`9c75a9f`](https://github.com/jaredpalmer/formik/commit/9c75a9f639eb38ad55c351e5e1def8a7e5ebd1f3) [#3780](https://github.com/jaredpalmer/formik/pull/3780) Thanks [@quantizor](https://github.com/quantizor)! - Fixed an issue with array field errors being incorrectly split into an array of individual characters instead of an array of error strings.
 
-- [`35fa4cc`](https://github.com/jaredpalmer/formik/commit/35fa4cc38260d709a5570dd3c9ef82831758a5f5) [#3783](https://github.com/jaredpalmer/formik/pull/3783) Thanks [@probablyup](https://github.com/probablyup)! - Fix validation of deep.dot.path field references when using the `validateField` API.
+- [`35fa4cc`](https://github.com/jaredpalmer/formik/commit/35fa4cc38260d709a5570dd3c9ef82831758a5f5) [#3783](https://github.com/jaredpalmer/formik/pull/3783) Thanks [@quantizor](https://github.com/quantizor)! - Fix validation of deep.dot.path field references when using the `validateField` API.
 
 ## 2.2.9
 
diff --git a/packages/formik/package.json b/packages/formik/package.json
index 2db8b4ac9..c8e830ab0 100644
--- a/packages/formik/package.json
+++ b/packages/formik/package.json
@@ -5,7 +5,7 @@
   "license": "Apache-2.0",
   "author": "Jared Palmer <jared@palmer.net> (https://jaredpalmer.com)",
   "contributors": [
-    "Evan Jacobs <probablyup@gmail.com> (https://probablyup.com)"
+    "Evan Jacobs <probablyup@gmail.com> (https://quantizor.dev)"
   ],
   "repository": "jaredpalmer/formik",
   "homepage": "https://formik.org",
diff --git a/packages/formik/src/Formik.tsx b/packages/formik/src/Formik.tsx
index e2440c521..79dc43afe 100755
--- a/packages/formik/src/Formik.tsx
+++ b/packages/formik/src/Formik.tsx
@@ -1,5 +1,6 @@
 import deepmerge from 'deepmerge';
 import isPlainObject from 'lodash/isPlainObject';
+import cloneDeep from 'lodash/cloneDeep';
 import * as React from 'react';
 import isEqual from 'react-fast-compare';
 import invariant from 'tiny-warning';
@@ -173,10 +174,10 @@ export function useFormik<Values extends FormikValues = FormikValues>({
 
   const [, setIteration] = React.useState(0);
   const stateRef = React.useRef<FormikState<Values>>({
-    values: props.initialValues,
-    errors: props.initialErrors || emptyErrors,
-    touched: props.initialTouched || emptyTouched,
-    status: props.initialStatus,
+    values: cloneDeep(props.initialValues),
+    errors: cloneDeep(props.initialErrors) || emptyErrors,
+    touched: cloneDeep(props.initialTouched) || emptyTouched,
+    status: cloneDeep(props.initialStatus),
     isSubmitting: false,
     isValidating: false,
     submitCount: 0,
diff --git a/packages/formik/test/Formik.test.tsx b/packages/formik/test/Formik.test.tsx
index 2acf332dd..98b6ef3c9 100644
--- a/packages/formik/test/Formik.test.tsx
+++ b/packages/formik/test/Formik.test.tsx
@@ -61,6 +61,20 @@ const InitialValues = {
   age: 30,
 };
 
+const InitialValuesWithNestedObject = {
+  content: {
+    items: [
+      {
+        cards: [
+          {
+            desc: 'Initial Desc',
+          },
+        ],
+      },
+    ],
+  },
+};
+
 function renderFormik<V extends FormikValues = Values>(
   props?: Partial<FormikConfig<V>>
 ) {
@@ -1454,4 +1468,34 @@ describe('<Formik>', () => {
 
     expect(innerRef.current).toEqual(getProps());
   });
+
+  it('should not modify original initialValues object', () => {
+    render(
+      <Formik initialValues={InitialValuesWithNestedObject} onSubmit={noop}>
+        {formikProps => (
+          <input
+            data-testid="desc-input"
+            value={formikProps.values.content.items[0].cards[0].desc}
+            onChange={e => {
+              const copy = { ...formikProps.values.content };
+              copy.items[0].cards[0].desc = e.target.value;
+              formikProps.setValues({
+                ...formikProps.values,
+                content: copy,
+              });
+            }}
+          />
+        )}
+      </Formik>
+    );
+    const input = screen.getByTestId('desc-input');
+
+    fireEvent.change(input, {
+      target: {
+        value: 'New Value',
+      },
+    });
+
+    expect(InitialValuesWithNestedObject.content.items[0].cards[0].desc).toEqual('Initial Desc');
+  });
 });