ReferenceError: Property '_updatePropsPaper' doesn't exist, js engine: hermes

I'm facing this error while using Reanimated 2.

• I'm using "react-native": "0.70.1"
• "react-native-reanimated": "^3.0.0-rc.3"

I added this code in

babel.config.js

module.exports = {
  presets: ['module:metro-react-native-babel-preset'],
  plugins: ['react-native-reanimated/plugin'],
};

I already tried yarn start --reset-cache. But it didn't work out!