diff --git a/.changeset/lovely-goats-argue.md b/.changeset/lovely-goats-argue.md
new file mode 100644
index 000000000..efad563fb
--- /dev/null
+++ b/.changeset/lovely-goats-argue.md
@@ -0,0 +1,5 @@
+---
+'slate-react': minor
+---
+
+The Slate Provider's "value" prop is now only used as initial state for editor.children as was intended before. If your code relies on replacing editor.children you should do so by replacing it directly instead of relying on the "value" prop to do this for you.
diff --git a/packages/slate-react/src/components/slate.tsx b/packages/slate-react/src/components/slate.tsx
index a01b7c6e9..85fb580f4 100644
--- a/packages/slate-react/src/components/slate.tsx
+++ b/packages/slate-react/src/components/slate.tsx
@@ -19,8 +19,8 @@ export const Slate = (props: {
   onChange: (value: Descendant[]) => void
 }) => {
   const { editor, children, onChange, value, ...rest } = props
-  const [key, setKey] = useState(0)
-  const context: [ReactEditor] = useMemo(() => {
+
+  const [context, setContext] = React.useState<[ReactEditor]>(() => {
     if (!Node.isNodeList(value)) {
       throw new Error(
         `[Slate] value is invalid! Expected a list of elements` +
@@ -35,12 +35,12 @@ export const Slate = (props: {
     editor.children = value
     Object.assign(editor, rest)
     return [editor]
-  }, [key, value, ...Object.values(rest)])
+  })
 
   const onContextChange = useCallback(() => {
     onChange(editor.children)
-    setKey(key + 1)
-  }, [key, onChange])
+    setContext([editor])
+  }, [onChange])
 
   EDITOR_TO_ON_CHANGE.set(editor, onContextChange)