diff --git a/.pnp.cjs b/.pnp.cjs
index 33c64f31a2..f70d872161 100755
--- a/.pnp.cjs
+++ b/.pnp.cjs
@@ -4105,7 +4105,7 @@ function $$SETUP_STATE(hydrateRuntimeState, basePath) {
             ["@chainlink/ea-test-helpers", "workspace:packages/core/test-helpers"],
             ["@chainlink/token-allocation-adapter", "workspace:packages/composites/token-allocation"],
             ["@chainlink/types", "workspace:packages/core/types/@chainlink"],
-            ["@openzeppelin/contracts", "npm:3.4.1"],
+            ["@openzeppelin/contracts", "npm:4.4.1"],
             ["@types/jest", "npm:27.0.3"],
             ["@types/node", "npm:14.17.34"],
             ["ethers", "npm:5.4.7"],
@@ -9899,10 +9899,10 @@ function $$SETUP_STATE(hydrateRuntimeState, basePath) {
         }]
       ]],
       ["@openzeppelin/contracts", [
-        ["npm:3.4.1", {
-          "packageLocation": "./.yarn/cache/@openzeppelin-contracts-npm-3.4.1-994ce92f8a-e42ad73017.zip/node_modules/@openzeppelin/contracts/",
+        ["npm:4.4.1", {
+          "packageLocation": "./.yarn/cache/@openzeppelin-contracts-npm-4.4.1-62a7c9f1a8-87ee7ebe8e.zip/node_modules/@openzeppelin/contracts/",
           "packageDependencies": [
-            ["@openzeppelin/contracts", "npm:3.4.1"]
+            ["@openzeppelin/contracts", "npm:4.4.1"]
           ],
           "linkType": "HARD",
         }]
diff --git a/.yarn/cache/@openzeppelin-contracts-npm-3.4.1-994ce92f8a-e42ad73017.zip b/.yarn/cache/@openzeppelin-contracts-npm-3.4.1-994ce92f8a-e42ad73017.zip
deleted file mode 100644
index f2554521a5..0000000000
Binary files a/.yarn/cache/@openzeppelin-contracts-npm-3.4.1-994ce92f8a-e42ad73017.zip and /dev/null differ
diff --git a/.yarn/cache/@openzeppelin-contracts-npm-4.4.1-62a7c9f1a8-87ee7ebe8e.zip b/.yarn/cache/@openzeppelin-contracts-npm-4.4.1-62a7c9f1a8-87ee7ebe8e.zip
new file mode 100644
index 0000000000..cbaf2ade2d
Binary files /dev/null and b/.yarn/cache/@openzeppelin-contracts-npm-4.4.1-62a7c9f1a8-87ee7ebe8e.zip differ
diff --git a/packages/composites/apy-finance/package.json b/packages/composites/apy-finance/package.json
index 18cede86fc..546a80e01f 100644
--- a/packages/composites/apy-finance/package.json
+++ b/packages/composites/apy-finance/package.json
@@ -30,7 +30,7 @@
     "@chainlink/ea-bootstrap": "workspace:*",
     "@chainlink/ea-test-helpers": "workspace:*",
     "@chainlink/token-allocation-adapter": "workspace:*",
-    "@openzeppelin/contracts": "^3.3.0",
+    "@openzeppelin/contracts": "^4.0.0",
     "ethers": "5.4.7",
     "tslib": "^2.3.1"
   },
diff --git a/yarn.lock b/yarn.lock
index bf64492d3f..e19ba21d7f 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1912,7 +1912,7 @@ __metadata:
     "@chainlink/ea-test-helpers": "workspace:*"
     "@chainlink/token-allocation-adapter": "workspace:*"
     "@chainlink/types": "workspace:*"
-    "@openzeppelin/contracts": ^3.3.0
+    "@openzeppelin/contracts": ^4.0.0
     "@types/jest": 27.0.3
     "@types/node": 14.17.34
     ethers: 5.4.7
@@ -7288,10 +7288,10 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@openzeppelin/contracts@npm:^3.3.0":
-  version: 3.4.1
-  resolution: "@openzeppelin/contracts@npm:3.4.1"
-  checksum: e42ad730179764de75ddfbca740def7f536181271e11d5276bfd750d89188a3788ee39152b6edaa0bbd66611a450e681c6a139a59e97e23b51a89bd2584a79ae
+"@openzeppelin/contracts@npm:^4.0.0":
+  version: 4.4.1
+  resolution: "@openzeppelin/contracts@npm:4.4.1"
+  checksum: 87ee7ebe8e6493fc4d657b05c5ddb5f254b73bf55d80c25a790f8e74087b6d90c0a6ec504fe45949c27501f73bca7d64129aad29488707a2c9b5afdb035966df
   languageName: node
   linkType: hard