diff --git a/packages/contracts/package.json b/packages/contracts/package.json
index 0abf0b50ef70c..dc23c5a2918dd 100644
--- a/packages/contracts/package.json
+++ b/packages/contracts/package.json
@@ -71,7 +71,7 @@
     "@nomiclabs/hardhat-ethers": "^2.0.2",
     "@nomiclabs/hardhat-etherscan": "^2.1.6",
     "@nomiclabs/hardhat-waffle": "^2.0.1",
-    "@openzeppelin/contracts": "4.3.2",
+    "@openzeppelin/contracts": "4.7.3",
     "@openzeppelin/contracts-upgradeable": "4.3.2",
     "@primitivefi/hardhat-dodoc": "^0.1.3",
     "@typechain/ethers-v5": "^8.0.2",
diff --git a/yarn.lock b/yarn.lock
index 1aba2fc92d902..0aad569c1ca92 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2546,26 +2546,16 @@
   resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-3.4.1-solc-0.7-2.tgz#371c67ebffe50f551c3146a9eec5fe6ffe862e92"
   integrity sha512-tAG9LWg8+M2CMu7hIsqHPaTyG4uDzjr6mhvH96LvOpLZZj6tgzTluBt+LsCf1/QaYrlis6pITvpIaIhE+iZB+Q==
 
-"@openzeppelin/contracts@4.3.2":
-  version "4.3.2"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.3.2.tgz#ff80affd6d352dbe1bbc5b4e1833c41afd6283b6"
-  integrity sha512-AybF1cesONZStg5kWf6ao9OlqTZuPqddvprc0ky7lrUVOjXeKpmQ2Y9FK+6ygxasb+4aic4O5pneFBfwVsRRRg==
+"@openzeppelin/contracts@4.7.3", "@openzeppelin/contracts@^4.3.2", "@openzeppelin/contracts@^4.4.0":
+  version "4.7.3"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.7.3.tgz#939534757a81f8d69cc854c7692805684ff3111e"
+  integrity sha512-dGRS0agJzu8ybo44pCIf3xBaPQN/65AIXNgK8+4gzKd5kbvlqyxryUYVLJv7fK98Seyd2hDZzVEHSWAh0Bt1Yw==
 
 "@openzeppelin/contracts@^3.3.0":
   version "3.4.2"
   resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-3.4.2.tgz#d81f786fda2871d1eb8a8c5a73e455753ba53527"
   integrity sha512-z0zMCjyhhp4y7XKAcDAi3Vgms4T2PstwBdahiO0+9NaGICQKjynK3wduSRplTgk4LXmoO1yfDGO5RbjKYxtuxA==
 
-"@openzeppelin/contracts@^4.3.2":
-  version "4.3.3"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.3.3.tgz#ff6ee919fc2a1abaf72b22814bfb72ed129ec137"
-  integrity sha512-tDBopO1c98Yk7Cv/PZlHqrvtVjlgK5R4J6jxLwoO7qxK4xqOiZG+zSkIvGFpPZ0ikc3QOED3plgdqjgNTnBc7g==
-
-"@openzeppelin/contracts@^4.4.0":
-  version "4.4.0"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.4.0.tgz#4a1df71f736c31230bbbd634dfb006a756b51e6b"
-  integrity sha512-dlKiZmDvJnGRLHojrDoFZJmsQVeltVeoiRN7RK+cf2FmkhASDEblE0RiaYdxPNsUZa6mRG8393b9bfyp+V5IAw==
-
 "@primitivefi/hardhat-dodoc@^0.1.3":
   version "0.1.3"
   resolved "https://registry.yarnpkg.com/@primitivefi/hardhat-dodoc/-/hardhat-dodoc-0.1.3.tgz#338ecff24b93d3b43fa35a98909f6840af86c27c"