diff --git a/package.json b/package.json
index 487d9f4..26875e5 100644
--- a/package.json
+++ b/package.json
@@ -22,7 +22,7 @@
     "update-proxy": "hardhat run scripts/update-proxy.js --network $NETWORK"
   },
   "devDependencies": {
-    "@api3/contracts": "^16.2.0",
+    "@api3/contracts": "^16.3.0",
     "@api3/dapi-management": "^2.11.0",
     "@api3/eslint-plugin-commons": "^3.0.0",
     "@nomicfoundation/hardhat-chai-matchers": "^1.0.6",
diff --git a/yarn.lock b/yarn.lock
index 6b74ba3..eb763b5 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -195,10 +195,10 @@
     winston-console-format "^1.0.8"
     zod "^3.22.4"
 
-"@api3/contracts@^16.2.0":
-  version "16.2.0"
-  resolved "https://registry.yarnpkg.com/@api3/contracts/-/contracts-16.2.0.tgz#4d8b6ac2de0c05a2d1b7fa95dea1e51142b0cf22"
-  integrity sha512-B+qrsOXyRLJtgFGjqO4qvQmAGS3E1jAE+/OcpFlQJrLZuv34qE2bq3N5snpK+KqZwbSBQ5YEHBtuDJH8b1WPxg==
+"@api3/contracts@^16.3.0":
+  version "16.3.0"
+  resolved "https://registry.yarnpkg.com/@api3/contracts/-/contracts-16.3.0.tgz#1edf8ed3d9e3fd60e126a184164c3f238121ecc3"
+  integrity sha512-U0g3eYA2o8J+2GYEyBuaIWwMEe2EdUijE92sUujwaIh3Wu5byjarTN5h1Hm833tvNKgs69qNQmFRbEfKNiGEQQ==
   dependencies:
     "@api3/chains" "^11.5.0"
     ethers "^6.13.2"