diff --git a/package.json b/package.json
index e8705dc..45864f1 100644
--- a/package.json
+++ b/package.json
@@ -27,7 +27,7 @@
     "@types/node": ">=12.0.0",
     "@typescript-eslint/eslint-plugin": "^5.59.9",
     "@typescript-eslint/parser": "^5.59.9",
-    "@zetachain/toolkit": "^6.0.0",
+    "@zetachain/toolkit": "7.0.1",
     "axios": "^1.3.6",
     "chai": "^4.2.0",
     "dotenv": "^16.0.3",
diff --git a/yarn.lock b/yarn.lock
index 2012cfd..220793c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1368,7 +1368,7 @@
     table "^6.8.0"
     undici "^5.14.0"
 
-"@openzeppelin/contracts@^4.9.2":
+"@openzeppelin/contracts@^4.9.6":
   version "4.9.6"
   resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.9.6.tgz#2a880a24eb19b4f8b25adc2a5095f2aa27f39677"
   integrity sha512-xSmezSupL+y9VkHZJGDoCBpmnB2ogM13ccaYDWqJTfS3dbuHkgjuwDFUmaFauBCboQMGB/S5UqUl2y54X99BmA==
@@ -1789,10 +1789,10 @@
     typescript "5.0.4"
     zod "3.19.1"
 
-"@zetachain/networks@6.0.0":
-  version "6.0.0"
-  resolved "https://registry.yarnpkg.com/@zetachain/networks/-/networks-6.0.0.tgz#ae5d3cd1678b32510edfaa71f8f4a6f4cbc1d9ab"
-  integrity sha512-yKFVP/yJDp76Q5lBGfZSpY/KO3TZ9ldo0lhE4MpBW43EsBxOZWixg6sqb56mcU/gg1lbWG8sHHWtYFK51SByjQ==
+"@zetachain/networks@7.0.0":
+  version "7.0.0"
+  resolved "https://registry.yarnpkg.com/@zetachain/networks/-/networks-7.0.0.tgz#a5f8a188d633e2064ee7c77499351381ba891441"
+  integrity sha512-/amSq+KNJe+EGj0ioZS+DZJtsnbPSDotp9LsrAbaEVMAxKvBK/XkvggH73sJyRWWeMpfhHrNPlrKTLrN+mRkIg==
   dependencies:
     dotenv "^16.1.4"
 
@@ -1801,18 +1801,18 @@
   resolved "https://registry.yarnpkg.com/@zetachain/protocol-contracts/-/protocol-contracts-7.0.0-rc1.tgz#588483d1ec70e572b7e40e84ef5b34282b0ab375"
   integrity sha512-vgS+Pjh4MysOyw8WbqTQVBsHJYqKvMcdV7cNVqxaTJd/dl2ak7NNvsIeaeUnxQrp8XfQol2B8GXJpVLM6MK/dg==
 
-"@zetachain/toolkit@^6.0.0":
-  version "6.0.0"
-  resolved "https://registry.yarnpkg.com/@zetachain/toolkit/-/toolkit-6.0.0.tgz#385cfd11f1ac39cbb6ca6410109523e2ab6f8841"
-  integrity sha512-JAtl7CX8cMJ+iw/byjcbLqgCfPS87vkdYCZOPBBOudqUySPTz4owqVgGZB/xYRyXBsF0KW0F6R65sc+fleQ86A==
+"@zetachain/toolkit@7.0.1":
+  version "7.0.1"
+  resolved "https://registry.yarnpkg.com/@zetachain/toolkit/-/toolkit-7.0.1.tgz#a09c402956ce0cea29390e863289439b103e88f4"
+  integrity sha512-U2qDOovbacgiIZtFVo5RDV+vKYqGK9cu6EUXt1j+Wbu8IFDjhi/+hpQpfMlNGlTq5LcCGs/9W84hTFx1XCQtPw==
   dependencies:
     "@inquirer/prompts" "^2.1.1"
     "@inquirer/select" "1.1.3"
     "@nomiclabs/hardhat-ethers" "^2.2.3"
-    "@openzeppelin/contracts" "^4.9.2"
+    "@openzeppelin/contracts" "^4.9.6"
     "@uniswap/v2-periphery" "^1.1.0-beta.0"
     "@zetachain/faucet-cli" "^4.0.1"
-    "@zetachain/networks" "6.0.0"
+    "@zetachain/networks" "7.0.0"
     "@zetachain/protocol-contracts" "7.0.0-rc1"
     axios "^1.4.0"
     bech32 "^2.0.0"