diff --git a/requirements/requirements-ci.txt b/requirements/requirements-ci.txt
index 68c2f074c1..51b69fac0e 100644
--- a/requirements/requirements-ci.txt
+++ b/requirements/requirements-ci.txt
@@ -622,7 +622,7 @@ pyyaml==5.4
     #   matrix-synapse
 raiden-api-client==1.1.1
     # via -r requirements-dev.txt
-raiden-contracts==0.40.1
+raiden-contracts==0.40.2
     # via -r requirements-dev.txt
 raiden-webui==1.2.1
     # via -r requirements-dev.txt
@@ -818,7 +818,7 @@ wcwidth==0.1.9
     # via
     #   -r requirements-dev.txt
     #   prompt-toolkit
-web3==5.24
+web3==5.25.0
     # via
     #   -r requirements-dev.txt
     #   raiden-contracts
diff --git a/requirements/requirements-dev.txt b/requirements/requirements-dev.txt
index db8daf1b75..640d390b59 100644
--- a/requirements/requirements-dev.txt
+++ b/requirements/requirements-dev.txt
@@ -532,7 +532,7 @@ pyyaml==5.4
     # via matrix-synapse
 raiden-api-client==1.1.1
     # via -r requirements-dev.in
-raiden-contracts==0.40.1
+raiden-contracts==0.40.2
     # via -r requirements.txt
 raiden-webui==1.2.1
     # via -r requirements.txt
@@ -702,7 +702,7 @@ varint==1.0.2
     #   multiaddr
 wcwidth==0.1.9
     # via prompt-toolkit
-web3==5.24
+web3==5.25.0
     # via
     #   -r requirements.txt
     #   raiden-contracts
diff --git a/requirements/requirements.in b/requirements/requirements.in
index c0515cc156..af029b4bd3 100644
--- a/requirements/requirements.in
+++ b/requirements/requirements.in
@@ -29,7 +29,7 @@ psutil
 pylibsrtp>=0.6.8
 pysha3
 toml
-raiden-contracts==0.40.1
+raiden-contracts>=0.40.0,<0.41.0
 raiden-webui
 requests
 structlog
diff --git a/requirements/requirements.txt b/requirements/requirements.txt
index 704e2ebccf..5f40436a9a 100644
--- a/requirements/requirements.txt
+++ b/requirements/requirements.txt
@@ -239,7 +239,7 @@ pysha3==1.0.2
     # via -r requirements.in
 pytz==2019.1
     # via flask-restful
-raiden-contracts==0.40.1
+raiden-contracts==0.40.2
     # via -r requirements.in
 raiden-webui==1.2.1
     # via -r requirements.in
@@ -302,7 +302,7 @@ urllib3==1.26.5
     # via requests
 varint==1.0.2
     # via multiaddr
-web3==5.24
+web3==5.25.0
     # via
     #   -r requirements.in
     #   raiden-contracts