diff --git a/package.json b/package.json
index 5fc0a0f96..321b19de9 100644
--- a/package.json
+++ b/package.json
@@ -80,7 +80,7 @@
     "eslint-plugin-node": "^11.1.0",
     "eslint-plugin-prettier": "3.4.1",
     "eslint-plugin-promise": "^5.2.0",
-    "hardhat": "^2.9.3",
+    "hardhat": "^2.16.1",
     "hardhat-deploy": "^0.11.26",
     "hardhat-deploy-ethers": "^0.3.0-beta.13",
     "hardhat-gas-reporter": "^1.0.8",
diff --git a/yarn.lock b/yarn.lock
index c528911f3..707ff5ab5 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3052,7 +3052,7 @@ __metadata:
     eslint-plugin-prettier: 3.4.1
     eslint-plugin-promise: ^5.2.0
     ethers: ^5.7.0
-    hardhat: ^2.9.3
+    hardhat: ^2.16.1
     hardhat-deploy: ^0.11.26
     hardhat-deploy-ethers: ^0.3.0-beta.13
     hardhat-gas-reporter: ^1.0.8
@@ -7620,7 +7620,74 @@ __metadata:
   languageName: node
   linkType: hard
 
-"hardhat@npm:^2.9.3, hardhat@npm:^2.9.9":
+"hardhat@npm:^2.16.1":
+  version: 2.16.1
+  resolution: "hardhat@npm:2.16.1"
+  dependencies:
+    "@ethersproject/abi": ^5.1.2
+    "@metamask/eth-sig-util": ^4.0.0
+    "@nomicfoundation/ethereumjs-block": 5.0.1
+    "@nomicfoundation/ethereumjs-blockchain": 7.0.1
+    "@nomicfoundation/ethereumjs-common": 4.0.1
+    "@nomicfoundation/ethereumjs-evm": 2.0.1
+    "@nomicfoundation/ethereumjs-rlp": 5.0.1
+    "@nomicfoundation/ethereumjs-statemanager": 2.0.1
+    "@nomicfoundation/ethereumjs-trie": 6.0.1
+    "@nomicfoundation/ethereumjs-tx": 5.0.1
+    "@nomicfoundation/ethereumjs-util": 9.0.1
+    "@nomicfoundation/ethereumjs-vm": 7.0.1
+    "@nomicfoundation/solidity-analyzer": ^0.1.0
+    "@sentry/node": ^5.18.1
+    "@types/bn.js": ^5.1.0
+    "@types/lru-cache": ^5.1.0
+    abort-controller: ^3.0.0
+    adm-zip: ^0.4.16
+    aggregate-error: ^3.0.0
+    ansi-escapes: ^4.3.0
+    chalk: ^2.4.2
+    chokidar: ^3.4.0
+    ci-info: ^2.0.0
+    debug: ^4.1.1
+    enquirer: ^2.3.0
+    env-paths: ^2.2.0
+    ethereum-cryptography: ^1.0.3
+    ethereumjs-abi: ^0.6.8
+    find-up: ^2.1.0
+    fp-ts: 1.19.3
+    fs-extra: ^7.0.1
+    glob: 7.2.0
+    immutable: ^4.0.0-rc.12
+    io-ts: 1.10.4
+    keccak: ^3.0.2
+    lodash: ^4.17.11
+    mnemonist: ^0.38.0
+    mocha: ^10.0.0
+    p-map: ^4.0.0
+    raw-body: ^2.4.1
+    resolve: 1.17.0
+    semver: ^6.3.0
+    solc: 0.7.3
+    source-map-support: ^0.5.13
+    stacktrace-parser: ^0.1.10
+    tsort: 0.0.1
+    undici: ^5.14.0
+    uuid: ^8.3.2
+    ws: ^7.4.6
+  peerDependencies:
+    ts-node: "*"
+    typescript: "*"
+  peerDependenciesMeta:
+    ts-node:
+      optional: true
+    typescript:
+      optional: true
+  bin:
+    hardhat: internal/cli/bootstrap.js
+  checksum: 32508ab6463efd796e8805150c182a9b974fcec8e4ab362a95f8bab2b4baf24c4feb48bbee1f3a7165a934f5257e1d3fcfea5764f261404aec23a88066341e48
+  languageName: node
+  linkType: hard
+
+"hardhat@npm:^2.9.9":
   version: 2.14.0
   resolution: "hardhat@npm:2.14.0"
   dependencies: