diff --git a/Cargo.lock b/Cargo.lock
index e08c757da7..83804a1561 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -503,9 +503,9 @@ checksum = "c1db59621ec70f09c5e9b597b220c7a2b43611f4710dc03ceb8748637775692c"
 
 [[package]]
 name = "cap-fs-ext"
-version = "0.25.2"
+version = "0.26.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "04e142bbbe9d5d6a2dd0387f887a000b41f4c82fb1226316dfb4cc8dbc3b1a29"
+checksum = "0b0e103ce36d217d568903ad27b14ec2238ecb5d65bad2e756a8f3c0d651506e"
 dependencies = [
  "cap-primitives",
  "cap-std",
@@ -515,12 +515,11 @@ dependencies = [
 
 [[package]]
 name = "cap-primitives"
-version = "0.25.2"
+version = "0.26.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7f22f4975282dd4f2330ee004f001c4e22f420da9fb474ea600e9af330f1e548"
+checksum = "af3f336aa91cce16033ed3c94ac91d98956c49b420e6d6cd0dd7d0e386a57085"
 dependencies = [
  "ambient-authority",
- "errno",
  "fs-set-times",
  "io-extras",
  "io-lifetimes",
@@ -534,9 +533,9 @@ dependencies = [
 
 [[package]]
 name = "cap-rand"
-version = "0.25.2"
+version = "0.26.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ef643f8defef7061c395bb3721b6a80d39c1baaa8ee2e42edf2917fa05584e7f"
+checksum = "d14b9606aa9550d34651bc481443203bc014237bdb992d201d2afa62d2ec6dea"
 dependencies = [
  "ambient-authority",
  "rand 0.8.5",
@@ -544,9 +543,9 @@ dependencies = [
 
 [[package]]
 name = "cap-std"
-version = "0.25.2"
+version = "0.26.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "95624bb0abba6b6ff6fad2e02a7d3945d093d064ac5a3477a308c29fbe3bfd49"
+checksum = "c9d6e70b626eceac9d6fc790fe2d72cc3f2f7bc3c35f467690c54a526b0f56db"
 dependencies = [
  "cap-primitives",
  "io-extras",
@@ -557,9 +556,9 @@ dependencies = [
 
 [[package]]
 name = "cap-time-ext"
-version = "0.25.2"
+version = "0.26.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "46a2d284862edf6e431e9ad4e109c02855157904cebaceae6f042b124a1a21e2"
+checksum = "c3a0524f7c4cff2ea547ae2b652bf7a348fd3e48f76556dc928d8b45ab2f1d50"
 dependencies = [
  "cap-primitives",
  "once_cell",
@@ -818,7 +817,7 @@ version = "0.87.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9f91425bea5a5ac6d76b788477064944a7e21f0e240fd93f6f368a774a3efdd1"
 dependencies = [
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
 ]
 
 [[package]]
@@ -830,7 +829,7 @@ dependencies = [
  "cranelift-bforest",
  "cranelift-codegen-meta",
  "cranelift-codegen-shared",
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
  "cranelift-isle",
  "gimli",
  "log",
@@ -863,6 +862,15 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "cranelift-entity"
+version = "0.89.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ddae4fec5d6859233ffa175b61d269443c473b3971a2c3e69008c8d3e83d5825"
+dependencies = [
+ "serde",
+]
+
 [[package]]
 name = "cranelift-frontend"
 version = "0.87.1"
@@ -899,13 +907,13 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "2f9e48bb632a2e189b38a9fa89fa5a6eea687a5a4c613bbef7c2b7522c3ad0e0"
 dependencies = [
  "cranelift-codegen",
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
  "cranelift-frontend",
  "itertools",
  "log",
  "smallvec",
- "wasmparser",
- "wasmtime-types",
+ "wasmparser 0.88.0",
+ "wasmtime-types 0.40.1",
 ]
 
 [[package]]
@@ -1964,7 +1972,7 @@ dependencies = [
  "nix 0.25.0",
  "thiserror",
  "tracing",
- "wasmtime",
+ "wasmtime 0.40.1",
  "wasmtime-wasi",
 ]
 
@@ -3099,9 +3107,9 @@ checksum = "884e2677b40cc8c339eaefcb701c32ef1fd2493d71118dc0ca4b6a736c93bd67"
 
 [[package]]
 name = "libc"
-version = "0.2.132"
+version = "0.2.135"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8371e4e5341c3a96db127eb2465ac681ced4c433e01dd0e938adbef26ba93ba5"
+checksum = "68783febc7782c6c5cb401fbda4de5a9898be1762314da0bb2c10ced61f18b0c"
 
 [[package]]
 name = "libz-sys"
@@ -4062,9 +4070,9 @@ dependencies = [
 
 [[package]]
 name = "rustix"
-version = "0.35.9"
+version = "0.35.11"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "72c825b8aa8010eb9ee99b75f05e10180b9278d161583034d7574c9d617aeada"
+checksum = "fbb2fda4666def1433b1b05431ab402e42a1084285477222b72d6c564c417cef"
 dependencies = [
  "bitflags",
  "errno",
@@ -4472,9 +4480,9 @@ dependencies = [
 
 [[package]]
 name = "system-interface"
-version = "0.21.0"
+version = "0.23.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2e3e98c4cf2f43a7e3b3a943b63fd192559b8a98ddcbef260580f29f0f4b9d1b"
+checksum = "92adbaf536f5aff6986e1e62ba36cee72b1718c5153eee08b9e728ddde3f6029"
 dependencies = [
  "atty",
  "bitflags",
@@ -4997,9 +5005,9 @@ checksum = "9c8d87e72b64a3b4db28d11ce29237c246188f4f51057d65a7eab63b7987e423"
 
 [[package]]
 name = "wasi-cap-std-sync"
-version = "0.40.1"
+version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4562fc9f4949e660f09f417db7dcb6c231811c081c154c41c55f486975725346"
+checksum = "6fa9ddcfc9d85e89a10c27801376ea57d2e9421ad91336326160c56044049b49"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5021,9 +5029,9 @@ dependencies = [
 
 [[package]]
 name = "wasi-common"
-version = "0.40.1"
+version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d75a8f0b536139c35905d61c60d0b007195db012d0148df708a432e75492797e"
+checksum = "fd86a0cd870709441a25d63737bd416db6cf8eb6229c0da08d29d7ab79108bbb"
 dependencies = [
  "anyhow",
  "bitflags",
@@ -5145,6 +5153,15 @@ dependencies = [
  "indexmap",
 ]
 
+[[package]]
+name = "wasmparser"
+version = "0.92.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7da34cec2a8c23db906cdf8b26e988d7a7f0d549eb5d51299129647af61a1b37"
+dependencies = [
+ "indexmap",
+]
+
 [[package]]
 name = "wasmtime"
 version = "0.40.1"
@@ -5165,17 +5182,42 @@ dependencies = [
  "rayon",
  "serde",
  "target-lexicon",
- "wasmparser",
+ "wasmparser 0.88.0",
  "wasmtime-cache",
  "wasmtime-cranelift",
- "wasmtime-environ",
+ "wasmtime-environ 0.40.1",
  "wasmtime-fiber",
- "wasmtime-jit",
- "wasmtime-runtime",
+ "wasmtime-jit 0.40.1",
+ "wasmtime-runtime 0.40.1",
  "wat",
  "windows-sys",
 ]
 
+[[package]]
+name = "wasmtime"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f5fc5bb3329415030796cfa5530b2481ccef5c4f1e5150733ba94318ab004fe1"
+dependencies = [
+ "anyhow",
+ "bincode",
+ "cfg-if",
+ "indexmap",
+ "libc",
+ "log",
+ "object",
+ "once_cell",
+ "paste",
+ "psm",
+ "serde",
+ "target-lexicon",
+ "wasmparser 0.92.0",
+ "wasmtime-environ 2.0.0",
+ "wasmtime-jit 2.0.0",
+ "wasmtime-runtime 2.0.0",
+ "windows-sys",
+]
+
 [[package]]
 name = "wasmtime-asm-macros"
 version = "0.40.1"
@@ -5185,6 +5227,15 @@ dependencies = [
  "cfg-if",
 ]
 
+[[package]]
+name = "wasmtime-asm-macros"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "db36545ff0940ad9bf4e9ab0ec2a4e1eaa5ebe2aa9227bcbc4af905375d9e482"
+dependencies = [
+ "cfg-if",
+]
+
 [[package]]
 name = "wasmtime-cache"
 version = "0.40.1"
@@ -5213,7 +5264,7 @@ checksum = "1fc59c28fe895112db09e262fb9c483f9e7b82c78a82a6ded69567ccc0e9795b"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
  "cranelift-frontend",
  "cranelift-native",
  "cranelift-wasm",
@@ -5222,8 +5273,8 @@ dependencies = [
  "object",
  "target-lexicon",
  "thiserror",
- "wasmparser",
- "wasmtime-environ",
+ "wasmparser 0.88.0",
+ "wasmtime-environ 0.40.1",
 ]
 
 [[package]]
@@ -5233,7 +5284,26 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "11086e573d2635a45ac0d44697a8e4586e058cf1b190f76bea466ca2ec36c30a"
 dependencies = [
  "anyhow",
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
+ "gimli",
+ "indexmap",
+ "log",
+ "object",
+ "serde",
+ "target-lexicon",
+ "thiserror",
+ "wasmparser 0.88.0",
+ "wasmtime-types 0.40.1",
+]
+
+[[package]]
+name = "wasmtime-environ"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "55240389c604f68d2e1d2573d7d3740246ab9ea2fa4fe79e10ccd51faf9b9500"
+dependencies = [
+ "anyhow",
+ "cranelift-entity 0.89.0",
  "gimli",
  "indexmap",
  "log",
@@ -5241,8 +5311,8 @@ dependencies = [
  "serde",
  "target-lexicon",
  "thiserror",
- "wasmparser",
- "wasmtime-types",
+ "wasmparser 0.92.0",
+ "wasmtime-types 2.0.0",
 ]
 
 [[package]]
@@ -5254,7 +5324,7 @@ dependencies = [
  "cc",
  "cfg-if",
  "rustix",
- "wasmtime-asm-macros",
+ "wasmtime-asm-macros 0.40.1",
  "windows-sys",
 ]
 
@@ -5278,9 +5348,33 @@ dependencies = [
  "serde",
  "target-lexicon",
  "thiserror",
- "wasmtime-environ",
- "wasmtime-jit-debug",
- "wasmtime-runtime",
+ "wasmtime-environ 0.40.1",
+ "wasmtime-jit-debug 0.40.1",
+ "wasmtime-runtime 0.40.1",
+ "windows-sys",
+]
+
+[[package]]
+name = "wasmtime-jit"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bc15e285b7073ee566e62ea4b6dd38b80465ade0ea8cd4cee13c7ac2e295cfca"
+dependencies = [
+ "addr2line",
+ "anyhow",
+ "bincode",
+ "cfg-if",
+ "cpp_demangle",
+ "gimli",
+ "log",
+ "object",
+ "rustc-demangle",
+ "rustix",
+ "serde",
+ "target-lexicon",
+ "thiserror",
+ "wasmtime-environ 2.0.0",
+ "wasmtime-runtime 2.0.0",
  "windows-sys",
 ]
 
@@ -5295,6 +5389,15 @@ dependencies = [
  "rustix",
 ]
 
+[[package]]
+name = "wasmtime-jit-debug"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bee06d206bcf7a875eacd1e1e957c2a63f64a92934d2535dd8e15cde6d3a9ffe"
+dependencies = [
+ "once_cell",
+]
+
 [[package]]
 name = "wasmtime-runtime"
 version = "0.40.1"
@@ -5314,10 +5417,34 @@ dependencies = [
  "rand 0.8.5",
  "rustix",
  "thiserror",
- "wasmtime-asm-macros",
- "wasmtime-environ",
+ "wasmtime-asm-macros 0.40.1",
+ "wasmtime-environ 0.40.1",
  "wasmtime-fiber",
- "wasmtime-jit-debug",
+ "wasmtime-jit-debug 0.40.1",
+ "windows-sys",
+]
+
+[[package]]
+name = "wasmtime-runtime"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9969ff36cbf57f18c2d24679db57d0857ea7cc7d839534afc26ecc8003e9914b"
+dependencies = [
+ "anyhow",
+ "cc",
+ "cfg-if",
+ "indexmap",
+ "libc",
+ "log",
+ "mach",
+ "memoffset",
+ "paste",
+ "rand 0.8.5",
+ "rustix",
+ "thiserror",
+ "wasmtime-asm-macros 2.0.0",
+ "wasmtime-environ 2.0.0",
+ "wasmtime-jit-debug 2.0.0",
  "windows-sys",
 ]
 
@@ -5327,22 +5454,34 @@ version = "0.40.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "01e104bd9e625181d53ead85910bbc0863aa5f0c6ef96836fe9a5cc65da11b69"
 dependencies = [
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
+ "serde",
+ "thiserror",
+ "wasmparser 0.88.0",
+]
+
+[[package]]
+name = "wasmtime-types"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "df64c737fc9b3cdf7617bcc65e8b97cb713ceb9c9c58530b20788a8a3482b5d1"
+dependencies = [
+ "cranelift-entity 0.89.0",
  "serde",
  "thiserror",
- "wasmparser",
+ "wasmparser 0.92.0",
 ]
 
 [[package]]
 name = "wasmtime-wasi"
-version = "0.40.1"
+version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d56b38f5dfcd32a5088d17a4fb2d13ede1ffb0cb383b26cc4784bc5c34eba8df"
+checksum = "fb41d16dfd153d2078ea2347d311cee6c74f2a4ecc109cd9acaf860709137fdb"
 dependencies = [
  "anyhow",
  "wasi-cap-std-sync",
  "wasi-common",
- "wasmtime",
+ "wasmtime 2.0.0",
  "wiggle",
 ]
 
@@ -5408,24 +5547,24 @@ dependencies = [
 
 [[package]]
 name = "wiggle"
-version = "0.40.1"
+version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e266fab4ce7f98cadf060650a081ac8f475c1392b841d05a6bb0c89e0e3e2d71"
+checksum = "2943156975c608cab1b44d28becba4196b07f18be92ea28f1e7f3372a12d81dd"
 dependencies = [
  "anyhow",
  "async-trait",
  "bitflags",
  "thiserror",
  "tracing",
- "wasmtime",
+ "wasmtime 2.0.0",
  "wiggle-macro",
 ]
 
 [[package]]
 name = "wiggle-generate"
-version = "0.40.1"
+version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3019da9c8d6e3ce0ce5ffec87b1872ec1af66383f7abb4c679655046322c4a06"
+checksum = "0321263a6b1ba1e0a97174524891a14907cee68cfa183fd5389088dffbeab668"
 dependencies = [
  "anyhow",
  "heck",
@@ -5438,9 +5577,9 @@ dependencies = [
 
 [[package]]
 name = "wiggle-macro"
-version = "0.40.1"
+version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a4d32593742668375ab5badb889e92b6316036ca66a2b0ee09a0860e9c796d0c"
+checksum = "aa3d3794e5d68ef69f30e65f267c6bf18c920750d3ccd2a3ac04e77d95f66b96"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/crates/fluvio-smartengine/Cargo.toml b/crates/fluvio-smartengine/Cargo.toml
index 5afaeb71e7..aa03eb91db 100644
--- a/crates/fluvio-smartengine/Cargo.toml
+++ b/crates/fluvio-smartengine/Cargo.toml
@@ -21,7 +21,7 @@ tracing = "0.1.27"
 thiserror = "1"
 anyhow = { version = "1.0.38" }
 wasmtime = { version = "0.40.0"}
-wasmtime-wasi = { version = "0.40.0", optional = true}
+wasmtime-wasi = { version = "2.0.0", optional = true}
 nix = { version = "0.25"}
 cfg-if = "1.0.0"
 derive_builder = "0.11.0"