diff --git a/contracts/package-lock.json b/contracts/package-lock.json
index 1b9082b44..3595f15e4 100644
--- a/contracts/package-lock.json
+++ b/contracts/package-lock.json
@@ -10,7 +10,7 @@
         "@nomiclabs/hardhat-etherscan": "^3.1.0",
         "@nomiclabs/hardhat-waffle": "^2.0.3",
         "@openzeppelin/contracts": "^4.6.0",
-        "@openzeppelin/contracts-upgradeable": "^4.6.0",
+        "@openzeppelin/contracts-upgradeable": "^4.7.3",
         "chai": "^4.3.6",
         "dotenv": "^16.0.1",
         "ethereum-waffle": "^3.4.4",
@@ -1266,9 +1266,9 @@
       "dev": true
     },
     "node_modules/@openzeppelin/contracts-upgradeable": {
-      "version": "4.6.0",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.6.0.tgz",
-      "integrity": "sha512-5OnVuO4HlkjSCJO165a4i2Pu1zQGzMs//o54LPrwUgxvEO2P3ax1QuaSI0cEHHTveA77guS0PnNugpR2JMsPfA==",
+      "version": "4.7.3",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz",
+      "integrity": "sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A==",
       "dev": true
     },
     "node_modules/@resolver-engine/core": {
@@ -16354,9 +16354,9 @@
       "dev": true
     },
     "@openzeppelin/contracts-upgradeable": {
-      "version": "4.6.0",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.6.0.tgz",
-      "integrity": "sha512-5OnVuO4HlkjSCJO165a4i2Pu1zQGzMs//o54LPrwUgxvEO2P3ax1QuaSI0cEHHTveA77guS0PnNugpR2JMsPfA==",
+      "version": "4.7.3",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz",
+      "integrity": "sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A==",
       "dev": true
     },
     "@resolver-engine/core": {
diff --git a/contracts/package.json b/contracts/package.json
index dc6d422f8..db5766356 100644
--- a/contracts/package.json
+++ b/contracts/package.json
@@ -11,7 +11,7 @@
     "@nomiclabs/hardhat-etherscan": "^3.1.0",
     "@nomiclabs/hardhat-waffle": "^2.0.3",
     "@openzeppelin/contracts": "^4.6.0",
-    "@openzeppelin/contracts-upgradeable": "^4.6.0",
+    "@openzeppelin/contracts-upgradeable": "^4.7.3",
     "chai": "^4.3.6",
     "dotenv": "^16.0.1",
     "ethereum-waffle": "^3.4.4",