diff --git a/Cargo.lock b/Cargo.lock
index 9363eb707d3c..018dcdfcffae 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5898,9 +5898,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.117"
+version = "1.0.118"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b88fa983de7720629c9387e9f517353ed404164b1e482c970a90c1a4aaf7dc1a"
+checksum = "06c64263859d87aa2eb554587e2d23183398d617427327cf2b3d0ed8c69e4800"
 dependencies = [
  "serde_derive",
 ]
@@ -5975,9 +5975,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.117"
+version = "1.0.118"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cbd1ae72adb44aab48f325a02444a5fc079349a8d804c1fc922aed3f7454c74e"
+checksum = "c84d3526699cd55261af4b941e4e725444df67aa4f9e6a3564f18030d12672df"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.7",
diff --git a/client/faucet/Cargo.toml b/client/faucet/Cargo.toml
index a2633ae83b6c..43666b0cb134 100644
--- a/client/faucet/Cargo.toml
+++ b/client/faucet/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 anyhow = "1.0.34"
 hex = "0.4.2"
 reqwest = { version = "0.10.9", features = ["blocking"], default-features = false }
-serde = "1.0.117"
+serde = "1.0.118"
 serde_derive = "1.0.117"
 structopt = "0.3.21"
 tokio = { version = "0.2.22", features = ["full"] }
diff --git a/client/json-rpc/Cargo.toml b/client/json-rpc/Cargo.toml
index 5f5fabe9ef71..4c5f82192235 100644
--- a/client/json-rpc/Cargo.toml
+++ b/client/json-rpc/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 anyhow = "1.0.34"
 hex = "0.4.2"
 reqwest = { version = "0.10.9", features = ["blocking", "json"], default_features = false }
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_json = "1.0.60"
 tokio = { version = "0.2.22", features = ["full"] }
 
diff --git a/client/swiss-knife/Cargo.toml b/client/swiss-knife/Cargo.toml
index 38ae624febf0..95365e1580d7 100644
--- a/client/swiss-knife/Cargo.toml
+++ b/client/swiss-knife/Cargo.toml
@@ -14,7 +14,7 @@ structopt = "0.3.21"
 rand = "0.7.3"
 hex = "0.4.2"
 serde_json = "1.0.60"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
 diem-types = { path = "../../types", version = "0.1.0" }
diff --git a/client/transaction-builder/Cargo.toml b/client/transaction-builder/Cargo.toml
index b3e792980707..3f7013cdf499 100644
--- a/client/transaction-builder/Cargo.toml
+++ b/client/transaction-builder/Cargo.toml
@@ -10,7 +10,7 @@ edition = "2018"
 
 [dependencies]
 once_cell = "1.4.1"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 
 compiled-stdlib = { path = "../../language/stdlib/compiled",  version = "0.1.0" }
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
diff --git a/common/bitvec/Cargo.toml b/common/bitvec/Cargo.toml
index 7b70ff375f42..926dc278a538 100644
--- a/common/bitvec/Cargo.toml
+++ b/common/bitvec/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 diem-workspace-hack = { path = "../workspace-hack", version = "0.1.0" }
 proptest = { version = "0.10.1", default-features = true, optional = true }
 proptest-derive = { version = "0.2.0", optional = true }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 serde_bytes = "0.11.5"
 
 [dev-dependencies]
diff --git a/common/crash-handler/Cargo.toml b/common/crash-handler/Cargo.toml
index 27adee71bcc3..5c6c20f260fa 100644
--- a/common/crash-handler/Cargo.toml
+++ b/common/crash-handler/Cargo.toml
@@ -15,4 +15,4 @@ toml = "0.5.7"
 
 diem-logger = { path = "../logger", version = "0.1.0" }
 diem-workspace-hack = { path = "../workspace-hack", version = "0.1.0" }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
diff --git a/common/diemdoc/Cargo.toml b/common/diemdoc/Cargo.toml
index 35cc65cacdce..adda4bc22388 100644
--- a/common/diemdoc/Cargo.toml
+++ b/common/diemdoc/Cargo.toml
@@ -20,7 +20,7 @@ once_cell = "1.4.1"
 diem-workspace-hack = { path = "../../common/workspace-hack", version = "0.1.0" }
 
 [dev-dependencies]
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 tempfile = "3.1.0"
 
 [features]
diff --git a/common/logger/Cargo.toml b/common/logger/Cargo.toml
index ee84ac272e63..5a08b85e071f 100644
--- a/common/logger/Cargo.toml
+++ b/common/logger/Cargo.toml
@@ -19,6 +19,6 @@ diem-log-derive = { path = "derive", version = "0.1.0" }
 diem-infallible = { path = "../infallible", version = "0.1.0" }
 diem-workspace-hack = { path = "../workspace-hack", version = "0.1.0" }
 once_cell = "1.4.1"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 serde_json = "1.0.60"
 prometheus = { version = "0.11.0", default-features = false }
diff --git a/common/nibble/Cargo.toml b/common/nibble/Cargo.toml
index 79db2a93df81..6c8d190c69b2 100644
--- a/common/nibble/Cargo.toml
+++ b/common/nibble/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 diem-workspace-hack = { path = "../workspace-hack", version = "0.1.0" }
 proptest = { version = "0.10.1", optional = true }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 
 [features]
 default = []
diff --git a/common/short-hex-str/Cargo.toml b/common/short-hex-str/Cargo.toml
index 067ae561e609..6f56a66b9463 100644
--- a/common/short-hex-str/Cargo.toml
+++ b/common/short-hex-str/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 mirai-annotations = "1.10.1"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 thiserror = "1.0.22"
 
 diem-workspace-hack = { path = "../workspace-hack", version = "0.1.0" }
diff --git a/common/trace/Cargo.toml b/common/trace/Cargo.toml
index 5470df6a2589..55dbb91f90ee 100644
--- a/common/trace/Cargo.toml
+++ b/common/trace/Cargo.toml
@@ -14,7 +14,7 @@ chrono = "0.4.19"
 structopt = "0.3.21"
 tokio = { version = "0.2.22", features = ["full"] }
 serde_json = "1.0.60"
-serde = "1.0.117"
+serde = "1.0.118"
 anyhow = "1.0.34"
 reqwest = { version = "0.10.9", features = ["blocking", "json"], default_features = false }
 once_cell = "1.4.1"
diff --git a/common/workspace-hack/Cargo.toml b/common/workspace-hack/Cargo.toml
index 2bafbc004db5..6eb98d91528e 100644
--- a/common/workspace-hack/Cargo.toml
+++ b/common/workspace-hack/Cargo.toml
@@ -16,7 +16,7 @@ log = { version = "0.4.11", features = ["serde", "std"] }
 memchr = { version = "2.3.4", features = ["std", "use_std"] }
 num-traits = { version = "0.2.14", features = ["std"] }
 petgraph = { version = "0.5.1", features = ["graphmap", "matrix_graph", "stable_graph"] }
-serde = { version = "1.0.117", features = ["derive", "rc"] }
+serde = { version = "1.0.118", features = ["derive", "rc"] }
 sha-1 = { version = "0.9.2", features = ["std"] }
 subtle = { version = "2.3.0", features = ["i128", "std"] }
 syn = { version = "1.0.53", features = ["clone-impls", "derive", "extra-traits", "fold", "full", "parsing", "printing", "proc-macro", "quote", "visit", "visit-mut"] }
diff --git a/config/Cargo.toml b/config/Cargo.toml
index a30cd7164337..4f5c7c88735f 100644
--- a/config/Cargo.toml
+++ b/config/Cargo.toml
@@ -14,7 +14,7 @@ get_if_addrs = { version = "0.5.3", default-features = false }
 log = { version = "0.4.11", features = ["serde"] }
 mirai-annotations = "1.10.1"
 rand = "0.7.3"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 serde_yaml = "0.8.14"
 thiserror = "1.0.22"
 
diff --git a/config/management/Cargo.toml b/config/management/Cargo.toml
index 7b50951840ab..1f54aa554bb4 100644
--- a/config/management/Cargo.toml
+++ b/config/management/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.34"
 hex = "0.4.2"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 serde_yaml = "0.8.14"
 structopt = "0.3.21"
 thiserror = "1.0.22"
diff --git a/config/management/genesis/Cargo.toml b/config/management/genesis/Cargo.toml
index f3511557ab31..cf8ae6712c8a 100644
--- a/config/management/genesis/Cargo.toml
+++ b/config/management/genesis/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.34"
 rand = "0.7.3"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 structopt = "0.3.21"
 thiserror = "1.0.22"
 toml = { version = "0.5.7", default-features = false }
diff --git a/config/management/network-address-encryption/Cargo.toml b/config/management/network-address-encryption/Cargo.toml
index 54e10d8b38c3..06d98321fb04 100644
--- a/config/management/network-address-encryption/Cargo.toml
+++ b/config/management/network-address-encryption/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 base64 = "0.13.0"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 thiserror = "1.0.22"
 
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
diff --git a/config/management/operational/Cargo.toml b/config/management/operational/Cargo.toml
index 584d20eb1019..c343cc29225b 100644
--- a/config/management/operational/Cargo.toml
+++ b/config/management/operational/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.34"
 hex = "0.4.2"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 serde_json = "1.0.60"
 structopt = "0.3.21"
 thiserror = "1.0.22"
diff --git a/consensus/Cargo.toml b/consensus/Cargo.toml
index 5e97608dce67..a65150444e41 100644
--- a/consensus/Cargo.toml
+++ b/consensus/Cargo.toml
@@ -23,7 +23,7 @@ num-traits = { version = "0.2.14", default-features = false }
 once_cell = "1.4.1"
 proptest = { version = "0.10.1", optional = true }
 rand = { version = "0.7.3", default-features = false }
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_json = "1.0.60"
 termion = { version = "1.5.5", default-features = false }
 thiserror = "1.0.22"
diff --git a/consensus/consensus-types/Cargo.toml b/consensus/consensus-types/Cargo.toml
index 3da3703fb8e9..091ac41e2b5d 100644
--- a/consensus/consensus-types/Cargo.toml
+++ b/consensus/consensus-types/Cargo.toml
@@ -10,7 +10,7 @@ edition = "2018"
 anyhow = "1.0.34"
 mirai-annotations = { version = "1.10.1", default-features = false }
 proptest = { version = "0.10.1", optional = true }
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 
 executor-types = { path = "../../execution/executor-types", version = "0.1.0" }
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
diff --git a/consensus/safety-rules/Cargo.toml b/consensus/safety-rules/Cargo.toml
index d442fb60fcb3..a817e7ceb5ab 100644
--- a/consensus/safety-rules/Cargo.toml
+++ b/consensus/safety-rules/Cargo.toml
@@ -28,7 +28,7 @@ diem-temppath = { path = "../../common/temppath", version = "0.1.0" }
 diem-types = { path = "../../types", version = "0.1.0" }
 diem-vault-client = { path = "../../secure/storage/vault", version = "0.1.0" }
 diem-workspace-hack = { path = "../../common/workspace-hack", version = "0.1.0" }
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 thiserror = "1.0.22"
 
 [dev-dependencies]
diff --git a/crypto/crypto/Cargo.toml b/crypto/crypto/Cargo.toml
index 034c17ec166e..62a07ae41f1c 100644
--- a/crypto/crypto/Cargo.toml
+++ b/crypto/crypto/Cargo.toml
@@ -25,7 +25,7 @@ proptest = { version = "0.10.1", optional = true }
 proptest-derive = { version = "0.2.0", optional = true }
 rand = "0.7.3"
 rand_core = { version = "0.5.1", default-features = false }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 serde_bytes = "0.11.5"
 serde-name = "0.1.1"
 sha2 = "0.9.2"
diff --git a/devtools/x-core/Cargo.toml b/devtools/x-core/Cargo.toml
index 20511acced4e..b75fae3b4935 100644
--- a/devtools/x-core/Cargo.toml
+++ b/devtools/x-core/Cargo.toml
@@ -17,4 +17,4 @@ log = "0.4.11"
 toml = "0.5.7"
 once_cell = "1.4.1"
 rental = "0.5.5"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
diff --git a/devtools/x-lint/Cargo.toml b/devtools/x-lint/Cargo.toml
index 5ba87ec3cf60..0abc303544bf 100644
--- a/devtools/x-lint/Cargo.toml
+++ b/devtools/x-lint/Cargo.toml
@@ -12,5 +12,5 @@ guppy = "0.6.1"
 diem-workspace-hack = { path = "../../common/workspace-hack", version = "0.1.0" }
 once_cell = "1.4.1"
 toml = "0.5.7"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 x-core = { version = "0.1.0", path = "../x-core" }
diff --git a/devtools/x/Cargo.toml b/devtools/x/Cargo.toml
index 6c5264e7ff1b..c0a68c4b7cb8 100644
--- a/devtools/x/Cargo.toml
+++ b/devtools/x/Cargo.toml
@@ -9,7 +9,7 @@ license = "Apache-2.0"
 
 [dependencies]
 determinator = "0.1.1"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 serde_json = "1.0.60"
 structopt = "0.3.21"
 anyhow = "1.0.34"
diff --git a/execution/execution-correctness/Cargo.toml b/execution/execution-correctness/Cargo.toml
index 556f9309cd46..81feab17cf0b 100644
--- a/execution/execution-correctness/Cargo.toml
+++ b/execution/execution-correctness/Cargo.toml
@@ -25,7 +25,7 @@ diem-temppath = { path = "../../common/temppath", version = "0.1.0" }
 diem-types = { path = "../../types", version = "0.1.0" }
 diem-vm = { path = "../../language/diem-vm", version = "0.1.0" }
 diem-workspace-hack = { path = "../../common/workspace-hack", version = "0.1.0" }
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 storage-client = { path = "../../storage/storage-client", version = "0.1.0" }
 thiserror = "1.0.22"
 # this is actually a dev-dependency (see "Conditional compilation of tests" in coding_guidelines.md)
diff --git a/execution/executor-types/Cargo.toml b/execution/executor-types/Cargo.toml
index a2c561e4765b..3b2cacba7361 100644
--- a/execution/executor-types/Cargo.toml
+++ b/execution/executor-types/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 anyhow = "1.0.34"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 thiserror = "1.0.22"
 
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
diff --git a/execution/executor/Cargo.toml b/execution/executor/Cargo.toml
index a8ae43eae019..92fa4e81c7b7 100644
--- a/execution/executor/Cargo.toml
+++ b/execution/executor/Cargo.toml
@@ -15,7 +15,7 @@ fail = "0.4.0"
 itertools = { version = "0.9.0", default-features = false }
 once_cell = "1.4.1"
 serde_json = "1.0.60"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 
 consensus-types = { path = "../../consensus/consensus-types", version = "0.1.0"}
 executor-types = { path = "../executor-types", version = "0.1.0" }
diff --git a/json-rpc/Cargo.toml b/json-rpc/Cargo.toml
index baab39476a10..12d5e8ba4ab3 100644
--- a/json-rpc/Cargo.toml
+++ b/json-rpc/Cargo.toml
@@ -18,7 +18,7 @@ hyper = "0.13.9"
 once_cell = "1.4.1"
 rand = "0.7.3"
 serde_json = "1.0.60"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 tokio = { version = "0.2.22", features = ["full"] }
 warp = "0.2.5"
 reqwest = { version = "0.10.9", features = ["blocking", "json"], default_features = false, optional = true }
diff --git a/json-rpc/types/Cargo.toml b/json-rpc/types/Cargo.toml
index 6e73ce7fbca1..0a0f6d223a05 100644
--- a/json-rpc/types/Cargo.toml
+++ b/json-rpc/types/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.34"
 hex = "0.4.2"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_json = "1.0.60"
 prost = "0.6.1"
 
diff --git a/language/compiler/bytecode-source-map/Cargo.toml b/language/compiler/bytecode-source-map/Cargo.toml
index d4c42390e95e..7edb79f2cbf8 100644
--- a/language/compiler/bytecode-source-map/Cargo.toml
+++ b/language/compiler/bytecode-source-map/Cargo.toml
@@ -16,7 +16,7 @@ vm = { path = "../../vm", version = "0.1.0" }
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
 codespan = "0.8.0"
 codespan-reporting = "0.8.0"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 
 [features]
 default = []
diff --git a/language/diem-tools/writeset-transaction-generator/Cargo.toml b/language/diem-tools/writeset-transaction-generator/Cargo.toml
index 9778963d4341..33f8d7345670 100644
--- a/language/diem-tools/writeset-transaction-generator/Cargo.toml
+++ b/language/diem-tools/writeset-transaction-generator/Cargo.toml
@@ -16,7 +16,7 @@ anyhow = "1.0.34"
 structopt = "0.3.21"
 tempfile = "3.1.0"
 handlebars = "3.5.1"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_json = "1.0.60"
 
 diem-workspace-hack = { path = "../../../common/workspace-hack", version = "0.1.0" }
diff --git a/language/diem-vm/Cargo.toml b/language/diem-vm/Cargo.toml
index 2c715a1e6672..5d8d17838b0c 100644
--- a/language/diem-vm/Cargo.toml
+++ b/language/diem-vm/Cargo.toml
@@ -29,7 +29,7 @@ move-vm-runtime = { path = "../move-vm/runtime", version = "0.1.0" }
 move-vm-types = { path = "../move-vm/types", version = "0.1.0" }
 vm = { path = "../vm", version = "0.1.0" }
 serde_json = "1.0.60"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 
 [dev-dependencies]
 proptest = "0.10.1"
diff --git a/language/move-core/types/Cargo.toml b/language/move-core/types/Cargo.toml
index 2c45c73b5849..adaaf0eddd3b 100644
--- a/language/move-core/types/Cargo.toml
+++ b/language/move-core/types/Cargo.toml
@@ -17,7 +17,7 @@ proptest = { version = "0.10.1", default-features = false, optional = true }
 mirai-annotations = "1.10.1"
 proptest-derive = { version = "0.2.0", default-features = false, optional = true }
 ref-cast = "1.0.3"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_bytes = "0.11.5"
 static_assertions = "1.1.0"
 thiserror = "1.0.22"
diff --git a/language/move-ir/types/Cargo.toml b/language/move-ir/types/Cargo.toml
index 494d72413ec3..d0e69962d372 100644
--- a/language/move-ir/types/Cargo.toml
+++ b/language/move-ir/types/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.34"
 codespan = { version = "0.8.0", features = ["serialization"] }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 hex = "0.4.2"
 once_cell = "1.4.1"
 
diff --git a/language/move-prover/Cargo.toml b/language/move-prover/Cargo.toml
index 9f5521625c19..47e553a2c75c 100644
--- a/language/move-prover/Cargo.toml
+++ b/language/move-prover/Cargo.toml
@@ -36,7 +36,7 @@ num = "0.3.0"
 pretty = "0.10.0"
 rand = "0.7.3"
 regex = "1.4.2"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 serde_json = "1.0.60"
 simplelog = "0.8.0"
 once_cell = "1.4.1"
diff --git a/language/move-prover/abigen/Cargo.toml b/language/move-prover/abigen/Cargo.toml
index 2c5ffc4ca177..982a0f276a7d 100644
--- a/language/move-prover/abigen/Cargo.toml
+++ b/language/move-prover/abigen/Cargo.toml
@@ -18,7 +18,7 @@ lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
 log = "0.4.11"
 anyhow = "1.0.34"
 heck = "0.3.1"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 
 [dev-dependencies]
 codespan-reporting = "0.8.0"
diff --git a/language/move-prover/docgen/Cargo.toml b/language/move-prover/docgen/Cargo.toml
index e163467e9df3..47b633b2f60f 100644
--- a/language/move-prover/docgen/Cargo.toml
+++ b/language/move-prover/docgen/Cargo.toml
@@ -20,7 +20,7 @@ log = "0.4.11"
 num = "0.3.0"
 regex = "1.4.2"
 anyhow = "1.0.34"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 once_cell = "1.4.1"
 
 [dev-dependencies]
diff --git a/language/move-prover/errmapgen/Cargo.toml b/language/move-prover/errmapgen/Cargo.toml
index 86cf816c8496..30a7b76fa5be 100644
--- a/language/move-prover/errmapgen/Cargo.toml
+++ b/language/move-prover/errmapgen/Cargo.toml
@@ -17,7 +17,7 @@ lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
 # external dependencies
 log = "0.4.11"
 anyhow = "1.0.34"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 
 [dev-dependencies]
 codespan-reporting = "0.8.0"
diff --git a/language/move-prover/spec-lang/Cargo.toml b/language/move-prover/spec-lang/Cargo.toml
index 83d9860f732f..b48fe18de23e 100644
--- a/language/move-prover/spec-lang/Cargo.toml
+++ b/language/move-prover/spec-lang/Cargo.toml
@@ -26,7 +26,7 @@ num = "0.3.0"
 once_cell = "1.4.1"
 regex = "1.4.2"
 anyhow = "1.0.34"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 
 [dev-dependencies]
 datatest-stable = { path = "../../../common/datatest-stable", version = "0.1.0" }
diff --git a/language/move-vm/types/Cargo.toml b/language/move-vm/types/Cargo.toml
index dadd56b346ee..e8706a526286 100644
--- a/language/move-vm/types/Cargo.toml
+++ b/language/move-vm/types/Cargo.toml
@@ -14,7 +14,7 @@ mirai-annotations = "1.10.1"
 once_cell = "1.4.1"
 proptest = { version = "0.10.1", optional = true }
 sha2 = "0.9.2"
-serde = { version = "1.0.117", features = ["derive", "rc"] }
+serde = { version = "1.0.118", features = ["derive", "rc"] }
 
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
 diem-crypto = { path = "../../../crypto/crypto", version = "0.1.0"}
diff --git a/language/tools/move-coverage/Cargo.toml b/language/tools/move-coverage/Cargo.toml
index 3fd681d59297..039bceefd215 100644
--- a/language/tools/move-coverage/Cargo.toml
+++ b/language/tools/move-coverage/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 once_cell = "1.4.1"
 petgraph = "0.5.1"
 structopt = "0.3.21"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 anyhow = "1.0.34"
 codespan = { version = "0.8.0", features = ["serialization"] }
 colored = "2.0.0"
diff --git a/language/tools/resource-viewer/Cargo.toml b/language/tools/resource-viewer/Cargo.toml
index 85dd3f8291be..ec99fc916c1e 100644
--- a/language/tools/resource-viewer/Cargo.toml
+++ b/language/tools/resource-viewer/Cargo.toml
@@ -20,7 +20,7 @@ move-vm-types = { path = "../../move-vm/types", version = "0.1.0" }
 compiled-stdlib = { path = "../../stdlib/compiled",  version = "0.1.0" }
 vm = { path = "../../vm", version = "0.1.0" }
 serde_json = "1.0.60"
-serde = { version = "1.0.117", features = ["derive", "rc"] }
+serde = { version = "1.0.118", features = ["derive", "rc"] }
 
 anyhow = "1.0.34"
 once_cell = "1.4.1"
diff --git a/mempool/Cargo.toml b/mempool/Cargo.toml
index ca76f1a90594..1d98160d6da1 100644
--- a/mempool/Cargo.toml
+++ b/mempool/Cargo.toml
@@ -17,7 +17,7 @@ itertools = "0.9.0"
 once_cell = "1.4.1"
 proptest = { version = "0.10.1", optional = true }
 rayon = "1.4.1"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 tokio = { version = "0.2.22", features = ["full"] }
 
 bounded-executor = { path = "../common/bounded-executor", version = "0.1.0" }
diff --git a/network/Cargo.toml b/network/Cargo.toml
index 859ae19a6073..bc5c70aed624 100644
--- a/network/Cargo.toml
+++ b/network/Cargo.toml
@@ -21,7 +21,7 @@ proptest = { version = "0.10.1", default-features = true, optional = true }
 proptest-derive = { version = "0.2.0", optional = true }
 rand = { version = "0.7.3", features = ["small_rng"] }
 rand_core = { version = "0.5.1", optional = true }
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_bytes = "0.11.5"
 thiserror = "1.0.22"
 tokio = { version = "0.2.22", features = ["full"] }
diff --git a/network/builder/Cargo.toml b/network/builder/Cargo.toml
index 0875d644839c..a0b2137a1276 100644
--- a/network/builder/Cargo.toml
+++ b/network/builder/Cargo.toml
@@ -14,7 +14,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.8"
 rand = "0.7.3"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 tokio = { version = "0.2.22", features = ["full"] }
 tokio-retry = "0.2.0"
 
diff --git a/network/netcore/Cargo.toml b/network/netcore/Cargo.toml
index 232e76072013..5cae82a55272 100644
--- a/network/netcore/Cargo.toml
+++ b/network/netcore/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 bytes = "0.5.6"
 futures = "0.3.8"
 pin-project = "1.0.2"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 tokio = { version = "0.2.22", features = ["full"] }
 url = { version = "2.1.1" }
 
diff --git a/network/network-address/Cargo.toml b/network/network-address/Cargo.toml
index 818a46c25762..a366ae05f737 100644
--- a/network/network-address/Cargo.toml
+++ b/network/network-address/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 aes-gcm = "0.8.0"
 proptest = { version = "0.10.1", optional = true }
 proptest-derive = { version = "0.2.0", optional = true }
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_bytes = "0.11.5"
 static_assertions = "1.1.0"
 thiserror = "1.0.22"
diff --git a/secure/json-rpc/Cargo.toml b/secure/json-rpc/Cargo.toml
index 72b6aea67235..1f570378ca99 100644
--- a/secure/json-rpc/Cargo.toml
+++ b/secure/json-rpc/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 hex = "0.4.2"
 proptest = { version = "0.10.1", optional = true }
-serde = { version = "1.0.117", features = ["derive"], default-features = false }
+serde = { version = "1.0.118", features = ["derive"], default-features = false }
 serde_json = "1.0.60"
 thiserror = "1.0.22"
 ureq = { version = "1.5.2", features = ["json", "native-tls"], default-features = false }
diff --git a/secure/key-manager/Cargo.toml b/secure/key-manager/Cargo.toml
index e16ceef7fab7..abfecc222c4b 100644
--- a/secure/key-manager/Cargo.toml
+++ b/secure/key-manager/Cargo.toml
@@ -11,7 +11,7 @@ publish = false
 
 [dependencies]
 once_cell = "1.4.1"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 thiserror = "1.0.22"
 
 diem-config = { path = "../../config", version = "0.1.0"}
diff --git a/secure/net/Cargo.toml b/secure/net/Cargo.toml
index 1f8bb2960880..54a33bd8c29b 100644
--- a/secure/net/Cargo.toml
+++ b/secure/net/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 once_cell = "1.4.1"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 thiserror = "1.0.22"
 
 diem-logger = { path = "../../common/logger", version = "0.1.0" }
diff --git a/secure/storage/Cargo.toml b/secure/storage/Cargo.toml
index bb03dc75e2a6..dd5cdfe70a86 100644
--- a/secure/storage/Cargo.toml
+++ b/secure/storage/Cargo.toml
@@ -14,7 +14,7 @@ base64 = "0.13.0"
 chrono = "0.4.19"
 enum_dispatch = "0.3.4"
 rand = "0.7.3"
-serde = { version = "1.0.117", features = ["rc"], default-features = false }
+serde = { version = "1.0.118", features = ["rc"], default-features = false }
 serde_json = "1.0.60"
 thiserror = "1.0.22"
 
diff --git a/secure/storage/github/Cargo.toml b/secure/storage/github/Cargo.toml
index 82281f9f252a..952819e14414 100644
--- a/secure/storage/github/Cargo.toml
+++ b/secure/storage/github/Cargo.toml
@@ -10,7 +10,7 @@ publish = false
 edition = "2018"
 
 [dependencies]
-serde = { version = "1.0.117", features = ["derive"], default-features = false }
+serde = { version = "1.0.118", features = ["derive"], default-features = false }
 serde_json = "1.0.60"
 thiserror = "1.0.22"
 ureq = { version = "1.5.2", features = ["json", "native-tls"], default-features = false }
diff --git a/secure/storage/vault/Cargo.toml b/secure/storage/vault/Cargo.toml
index 6d38d899ed91..be859ab9e36d 100644
--- a/secure/storage/vault/Cargo.toml
+++ b/secure/storage/vault/Cargo.toml
@@ -15,7 +15,7 @@ chrono = "0.4.19"
 once_cell = "1.4.1"
 proptest = { version = "0.10.1", optional = true }
 native-tls = "0.2.6"
-serde = { version = "1.0.117", features = ["derive"], default-features = false }
+serde = { version = "1.0.118", features = ["derive"], default-features = false }
 serde_json = "1.0.60"
 thiserror = "1.0.22"
 ureq = { version = "1.5.2", features = ["json", "native-tls"], default-features = false }
diff --git a/state-synchronizer/Cargo.toml b/state-synchronizer/Cargo.toml
index c5e01e870a9e..a2c1fd2551a9 100644
--- a/state-synchronizer/Cargo.toml
+++ b/state-synchronizer/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 anyhow = "1.0.34"
 fail = "0.4.0"
 futures = "0.3.8"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 once_cell = "1.4.1"
 rand = "0.7.3"
 tokio = { version = "0.2.22", features = ["full"] }
diff --git a/storage/backup/backup-cli/Cargo.toml b/storage/backup/backup-cli/Cargo.toml
index c2e27b566623..3ec500752b04 100644
--- a/storage/backup/backup-cli/Cargo.toml
+++ b/storage/backup/backup-cli/Cargo.toml
@@ -22,7 +22,7 @@ pin-project = "1.0.2"
 rand = "0.7.3"
 regex = "1.4.2"
 reqwest = { version = "0.10.9", features = ["stream"], default-features = false }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 serde_json = "1.0.60"
 structopt = "0.3.21"
 toml = "0.5.7"
diff --git a/storage/backup/backup-service/Cargo.toml b/storage/backup/backup-service/Cargo.toml
index a5285fe4bba8..d0fd5b8ecd96 100644
--- a/storage/backup/backup-service/Cargo.toml
+++ b/storage/backup/backup-service/Cargo.toml
@@ -14,7 +14,7 @@ bytes = "0.5.6"
 futures = "0.3.8"
 hyper = "0.13.9"
 once_cell = "1.4.1"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 tokio = { version = "0.2.22", features = ["full"] }
 warp = "0.2.5"
 
diff --git a/storage/diemdb/Cargo.toml b/storage/diemdb/Cargo.toml
index 1b83cd767bde..21e89845f631 100644
--- a/storage/diemdb/Cargo.toml
+++ b/storage/diemdb/Cargo.toml
@@ -19,7 +19,7 @@ num-derive = "0.3.3"
 num-traits = "0.2.14"
 proptest = { version = "0.10.1", optional = true }
 proptest-derive = { version = "0.2.0", optional = true }
-serde = "1.0.117"
+serde = "1.0.118"
 thiserror = "1.0.22"
 
 accumulator = { path = "../accumulator", version = "0.1.0" }
diff --git a/storage/diemsum/Cargo.toml b/storage/diemsum/Cargo.toml
index 01e34b08f16b..98ffbde600c5 100644
--- a/storage/diemsum/Cargo.toml
+++ b/storage/diemsum/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.34"
 structopt = "0.3.21"
-serde = "1.0.117"
+serde = "1.0.118"
 serde_json = "1.0.60"
 
 diemdb = { path = "../diemdb", version = "0.1.0", features = ["diemsum"] }
diff --git a/storage/jellyfish-merkle/Cargo.toml b/storage/jellyfish-merkle/Cargo.toml
index c9074ed2d811..5375e66d495e 100644
--- a/storage/jellyfish-merkle/Cargo.toml
+++ b/storage/jellyfish-merkle/Cargo.toml
@@ -18,7 +18,7 @@ num-traits = "0.2.14"
 proptest = { version = "0.10.1", optional = true }
 proptest-derive = { version = "0.2.0", optional = true }
 rand = {version = "0.7.3", optional = true }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 thiserror = "1.0.22"
 
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
diff --git a/storage/storage-client/Cargo.toml b/storage/storage-client/Cargo.toml
index b2335a76645a..e04e49516bda 100644
--- a/storage/storage-client/Cargo.toml
+++ b/storage/storage-client/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 anyhow = "1.0.34"
-serde = "1.0.117"
+serde = "1.0.118"
 
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
 diem-crypto = { path = "../../crypto/crypto", version = "0.1.0" }
diff --git a/storage/storage-interface/Cargo.toml b/storage/storage-interface/Cargo.toml
index 8d9663abf7bb..f32c1af3b0ea 100644
--- a/storage/storage-interface/Cargo.toml
+++ b/storage/storage-interface/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.34"
 itertools = "0.9.0"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 thiserror = "1.0.22"
 
 lcs = { version = "0.1.0", package = "libra-canonical-serialization" }
diff --git a/testsuite/cli/Cargo.toml b/testsuite/cli/Cargo.toml
index c2bfa3d81866..eb700d3a17c5 100644
--- a/testsuite/cli/Cargo.toml
+++ b/testsuite/cli/Cargo.toml
@@ -19,7 +19,7 @@ rust_decimal = "1.8.1"
 num-traits = "0.2.14"
 once_cell = "1.4.1"
 reqwest = { version = "0.10.9", features = ["blocking", "json"] }
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 structopt = "0.3.21"
 tokio = { version = "0.2.22", features = ["full"] }
 walkdir = "2.3.1"
diff --git a/testsuite/cli/diem-wallet/Cargo.toml b/testsuite/cli/diem-wallet/Cargo.toml
index d707a5310d82..9e6315c7d009 100644
--- a/testsuite/cli/diem-wallet/Cargo.toml
+++ b/testsuite/cli/diem-wallet/Cargo.toml
@@ -16,7 +16,7 @@ hex = "0.4.2"
 hmac = "0.10.1"
 byteorder = "1.3.4"
 pbkdf2 = "0.6.0"
-serde = "1.0.117"
+serde = "1.0.118"
 sha2 = "0.9.2"
 thiserror = "1.0.22"
 vanilla-ed25519-dalek = { version = "1.0.1", package = 'ed25519-dalek', optional = true}
diff --git a/testsuite/cluster-test/Cargo.toml b/testsuite/cluster-test/Cargo.toml
index 9323f8cccbc0..3b1eb6b7e22b 100644
--- a/testsuite/cluster-test/Cargo.toml
+++ b/testsuite/cluster-test/Cargo.toml
@@ -21,7 +21,7 @@ reqwest = { version = "0.10.9", features = ["blocking", "json"] }
 serde_json = "1.0.60"
 serde_yaml = "0.8.14"
 termion = "1.5.5"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 structopt = "0.3.21"
 rusoto_core = { version = "0.45.0" }
 rusoto_autoscaling = { version = "0.45.0" }
diff --git a/testsuite/generate-format/Cargo.toml b/testsuite/generate-format/Cargo.toml
index 0b95a07d5f65..ebcc1692b29b 100644
--- a/testsuite/generate-format/Cargo.toml
+++ b/testsuite/generate-format/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 rand = "0.7.3"
-serde = { version = "1.0.117", features = ["derive"] }
+serde = { version = "1.0.118", features = ["derive"] }
 serde-reflection = "0.3.2"
 serde_yaml = "0.8.14"
 structopt = "0.3.21"
diff --git a/types/Cargo.toml b/types/Cargo.toml
index b762a98593c6..a0834c6c14ac 100644
--- a/types/Cargo.toml
+++ b/types/Cargo.toml
@@ -20,7 +20,7 @@ mirai-annotations = "1.10.1"
 proptest = { version = "0.10.1", default-features = false, optional = true }
 proptest-derive = { version = "0.2.0", default-features = false, optional = true }
 rand = "0.7.3"
-serde = { version = "1.0.117", default-features = false }
+serde = { version = "1.0.118", default-features = false }
 serde_json = "1.0.60"
 serde_bytes = "0.11.5"
 thiserror = "1.0.22"