diff --git a/package.json b/package.json
index 5deb7c0..c27333e 100644
--- a/package.json
+++ b/package.json
@@ -19,7 +19,7 @@
     "@nomiclabs/hardhat-ethers": "2.1.1",
     "@nomiclabs/hardhat-waffle": "2.0.3",
     "@openzeppelin/contracts": "4.7.3",
-    "@openzeppelin/contracts-upgradeable": "4.7.3",
+    "@openzeppelin/contracts-upgradeable": "4.8.0",
     "@openzeppelin/hardhat-upgrades": "1.17.0",
     "@primitivefi/hardhat-dodoc": "0.2.3",
     "@typechain/ethers-v5": "9.0.0",
diff --git a/yarn.lock b/yarn.lock
index e2136b5..6606e08 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -798,10 +798,10 @@
     "@types/sinon-chai" "^3.2.3"
     "@types/web3" "1.0.19"
 
-"@openzeppelin/contracts-upgradeable@4.7.3", "@openzeppelin/contracts-upgradeable@^4.2.0", "@openzeppelin/contracts-upgradeable@^4.3.2":
-  version "4.7.3"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz#f1d606e2827d409053f3e908ba4eb8adb1dd6995"
-  integrity sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A==
+"@openzeppelin/contracts-upgradeable@4.8.0", "@openzeppelin/contracts-upgradeable@^4.2.0", "@openzeppelin/contracts-upgradeable@^4.3.2":
+  version "4.8.0"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.8.0.tgz#26688982f46969018e3ed3199e72a07c8d114275"
+  integrity sha512-5GeFgqMiDlqGT8EdORadp1ntGF0qzWZLmEY7Wbp/yVhN7/B3NNzCxujuI77ktlyG81N3CUZP8cZe3ZAQ/cW10w==
 
 "@openzeppelin/contracts@4.7.3", "@openzeppelin/contracts@^4.2.0", "@openzeppelin/contracts@^4.3.2":
   version "4.7.3"