diff --git a/Cargo.lock b/Cargo.lock
index 779ea0be..5d145763 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2829,9 +2829,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.124"
+version = "1.0.128"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bd761ff957cb2a45fbb9ab3da6512de9de55872866160b23c25f1a841e99d29f"
+checksum = "1056a0db1978e9dbf0f6e4fca677f6f9143dc1c19de346f22cac23e422196834"
 dependencies = [
  "serde_derive",
 ]
@@ -2847,9 +2847,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.124"
+version = "1.0.128"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1800f7693e94e186f5e25a28291ae1570da908aff7d97a095dec1e56ff99069b"
+checksum = "13af2fbb8b60a8950d6c72a56d2095c28870367cc8e10c55e9745bac4995a2c4"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.8",
diff --git a/stake-pool/program/Cargo.toml b/stake-pool/program/Cargo.toml
index 48c909a7..a4064074 100644
--- a/stake-pool/program/Cargo.toml
+++ b/stake-pool/program/Cargo.toml
@@ -17,7 +17,7 @@ borsh = "0.8"
 num-derive = "0.3"
 num-traits = "0.2"
 num_enum = "0.5.1"
-serde = "1.0.121"
+serde = "1.0.128"
 serde_derive = "1.0.103"
 solana-program = "1.6.2"
 spl-math = { path = "../../libraries/math", features = [ "no-entrypoint" ] }