diff --git a/package.json b/package.json
index 89291f02..818d4fca 100644
--- a/package.json
+++ b/package.json
@@ -49,7 +49,7 @@
     "@nomiclabs/hardhat-etherscan": "^2.1.4",
     "@nomiclabs/hardhat-waffle": "^2.0.1",
     "@nomiclabs/hardhat-web3": "^2.0.0",
-    "@openzeppelin/contracts": "^4.4.2",
+    "@openzeppelin/contracts": "^4.7.1",
     "@typechain/ethers-v5": "^7.0.1",
     "@typechain/hardhat": "^2.1.2",
     "@types/chai": "^4.2.21",
diff --git a/yarn.lock b/yarn.lock
index 4f487dda..48a2627f 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1013,10 +1013,10 @@
   dependencies:
     "@types/bignumber.js" "^5.0.0"
 
-"@openzeppelin/contracts@^4.4.2":
-  version "4.4.2"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.4.2.tgz#4e889c9c66e736f7de189a53f8ba5b8d789425c2"
-  integrity sha512-NyJV7sJgoGYqbtNUWgzzOGW4T6rR19FmX1IJgXGdapGPWsuMelGJn9h03nos0iqfforCbCB0iYIR0MtIuIFLLw==
+"@openzeppelin/contracts@^4.7.1":
+  version "4.7.1"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.7.1.tgz#33d0a857b76b18d313e6bb6ed28cdaf367e90cfe"
+  integrity sha512-UXmAjKARsXORHlHZu5GCD7ZbRKm6nU8UHnbuT/QJJa2JEOEcbvV/X8w/sUk62Sl9VZuuljM1akrZLyAtzUgsxw==
 
 "@resolver-engine/core@^0.3.3":
   version "0.3.3"