diff --git a/Cargo.lock b/Cargo.lock
index 4cef75a739..93846c897f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1940,9 +1940,9 @@ checksum = "a91d884b6667cd606bb5a69aa0c99ba811a115fc68915e7056ec08a46e93199a"
 
 [[package]]
 name = "lazy-init"
-version = "0.3.0"
+version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e71f2233af239a915476da8ee21a57331d82b9880c78220451ece7cb5862d313"
+checksum = "671025f3cc9b5d5188eca51493d8097e6cd1dc3828e0a59f7befbaaf56e930ab"
 
 [[package]]
 name = "lazy_static"
diff --git a/src/dfx/Cargo.toml b/src/dfx/Cargo.toml
index c5a4b44387..95a4e0d79f 100644
--- a/src/dfx/Cargo.toml
+++ b/src/dfx/Cargo.toml
@@ -35,7 +35,7 @@ flate2 = "1.0.11"
 futures = "0.3.5"
 hex = "0.4.2"
 indicatif = "0.13.0"
-lazy-init = "0.3.0"
+lazy-init = "0.4.0"
 lazy_static = "1.4.0"
 libflate = "0.1.27"
 humanize-rs = "0.1.5"