diff --git a/ape-config.yaml b/ape-config.yaml
index c2f8bd0a..f22e3783 100644
--- a/ape-config.yaml
+++ b/ape-config.yaml
@@ -9,7 +9,7 @@ default_ecosystem: ethereum
 dependencies:
   - name: openzeppelin
     github: OpenZeppelin/openzeppelin-contracts
-    ref: 4.7.3
+    ref: 4.9.5
   - name: tokenized-strategy
     github: yearn/tokenized-strategy
     ref: v3.0.2 
@@ -17,7 +17,7 @@ dependencies:
 
 solidity:
   import_remapping:
-    - "@openzeppelin/contracts=openzeppelin/v4.7.3"
+    - "@openzeppelin/contracts=openzeppelin/v4.9.5"
     - "@tokenized-strategy=tokenized-strategy/v3.0.2"
 
 ethereum:
diff --git a/package.json b/package.json
index 8ce40a8a..25ee730b 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
     "name": "yearn-vaults-v3",
     "devDependencies": {
-        "@openzeppelin/contracts": "^4.7.3",
+        "@openzeppelin/contracts": "^4.9.0",
         "hardhat": "^2.12.2",
         "prettier": "^2.6.0",
         "prettier-plugin-solidity": "^1.0.0-beta.19",