diff --git a/Cargo.lock b/Cargo.lock
index 3069e092e..8825fcf88 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -856,7 +856,7 @@ dependencies = [
  "hyper 0.10.15 (registry+https://github.com/rust-lang/crates.io-index)",
  "hyper-native-tls 0.3.0 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde_json 1.0.38 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
@@ -903,7 +903,7 @@ dependencies = [
  "futures 0.1.25 (registry+https://github.com/rust-lang/crates.io-index)",
  "log 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde_json 1.0.38 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
@@ -1844,12 +1844,12 @@ name = "serde"
 version = "1.0.88"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 dependencies = [
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.87"
+version = "1.0.88"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 dependencies = [
  "proc-macro2 0.4.24 (registry+https://github.com/rust-lang/crates.io-index)",
@@ -1964,7 +1964,7 @@ dependencies = [
  "ring 0.13.5 (registry+https://github.com/rust-lang/crates.io-index)",
  "rocksdb 0.11.0 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde_json 1.0.38 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-drone 0.12.0",
  "solana-logger 0.12.0",
@@ -2027,7 +2027,7 @@ dependencies = [
  "chrono 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "log 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-logger 0.12.0",
  "solana-sdk 0.12.0",
 ]
@@ -2042,7 +2042,7 @@ dependencies = [
  "clap 2.32.0 (registry+https://github.com/rust-lang/crates.io-index)",
  "log 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-logger 0.12.0",
  "solana-metrics 0.12.0",
  "solana-sdk 0.12.0",
@@ -2057,7 +2057,7 @@ dependencies = [
  "bincode 1.1.1 (registry+https://github.com/rust-lang/crates.io-index)",
  "log 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-logger 0.12.0",
  "solana-sdk 0.12.0",
 ]
@@ -2087,7 +2087,7 @@ dependencies = [
  "dirs 1.0.4 (registry+https://github.com/rust-lang/crates.io-index)",
  "log 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde_json 1.0.38 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-netutil 0.12.0",
  "solana-sdk 0.12.0",
@@ -2208,7 +2208,7 @@ version = "0.12.0"
 dependencies = [
  "bincode 1.1.1 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-sdk 0.12.0",
 ]
 
@@ -2245,7 +2245,7 @@ dependencies = [
  "log 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "ring 0.13.5 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde_json 1.0.38 (registry+https://github.com/rust-lang/crates.io-index)",
  "sha2 0.8.0 (registry+https://github.com/rust-lang/crates.io-index)",
  "untrusted 0.6.2 (registry+https://github.com/rust-lang/crates.io-index)",
@@ -2258,7 +2258,7 @@ dependencies = [
  "bincode 1.1.1 (registry+https://github.com/rust-lang/crates.io-index)",
  "log 0.4.6 (registry+https://github.com/rust-lang/crates.io-index)",
  "serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
- "serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)",
+ "serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-logger 0.12.0",
  "solana-sdk 0.12.0",
 ]
@@ -3048,7 +3048,7 @@ dependencies = [
 "checksum semver 0.9.0 (registry+https://github.com/rust-lang/crates.io-index)" = "1d7eb9ef2c18661902cc47e535f9bc51b78acd254da71d375c2f6720d9a40403"
 "checksum semver-parser 0.7.0 (registry+https://github.com/rust-lang/crates.io-index)" = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 "checksum serde 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)" = "9f301d728f2b94c9a7691c90f07b0b4e8a4517181d9461be94c04bddeb4bd850"
-"checksum serde_derive 1.0.87 (registry+https://github.com/rust-lang/crates.io-index)" = "633e97856567e518b59ffb2ad7c7a4fd4c5d91d9c7f32dd38a27b2bf7e8114ea"
+"checksum serde_derive 1.0.88 (registry+https://github.com/rust-lang/crates.io-index)" = "beed18e6f5175aef3ba670e57c60ef3b1b74d250d962a26604bff4c80e970dd4"
 "checksum serde_json 1.0.38 (registry+https://github.com/rust-lang/crates.io-index)" = "27dce848e7467aa0e2fcaf0a413641499c0b745452aaca1194d24dedde9e13c9"
 "checksum serde_urlencoded 0.5.4 (registry+https://github.com/rust-lang/crates.io-index)" = "d48f9f99cd749a2de71d29da5f948de7f2764cc5a9d7f3c97e3514d4ee6eabf2"
 "checksum sha1 0.6.0 (registry+https://github.com/rust-lang/crates.io-index)" = "2579985fda508104f7587689507983eadd6a6e84dd35d6d115361f530916fa0d"
diff --git a/Cargo.toml b/Cargo.toml
index eba896147..748e0b98f 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -48,7 +48,7 @@ reqwest = "0.9.9"
 ring = "0.13.2"
 rocksdb = "0.11.0"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 serde_json = "1.0.38"
 solana-drone = { path = "drone", version = "0.12.0" }
 solana-logger = { path = "logger", version = "0.12.0" }
diff --git a/drone/Cargo.toml b/drone/Cargo.toml
index cdf51ea1c..91ff90b76 100644
--- a/drone/Cargo.toml
+++ b/drone/Cargo.toml
@@ -18,7 +18,7 @@ byteorder = "1.3.1"
 clap = "2.31"
 log = "0.4.2"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 solana-logger = { path = "../logger", version = "0.12.0" }
 solana-sdk = { path = "../sdk", version = "0.12.0" }
 solana-metrics = { path = "../metrics", version = "0.12.0" }
diff --git a/fullnode-config/Cargo.toml b/fullnode-config/Cargo.toml
index 1f2b13934..e714e07db 100644
--- a/fullnode-config/Cargo.toml
+++ b/fullnode-config/Cargo.toml
@@ -16,7 +16,7 @@ clap = "2.32.0"
 dirs = "1.0.2"
 log = "0.4.2"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 serde_json = "1.0.38"
 solana-netutil = { path = "../netutil", version = "0.12.0" }
 solana-sdk = { path = "../sdk", version = "0.12.0" }
diff --git a/programs/native/budget/Cargo.toml b/programs/native/budget/Cargo.toml
index dd8309c5f..070501dfb 100644
--- a/programs/native/budget/Cargo.toml
+++ b/programs/native/budget/Cargo.toml
@@ -13,7 +13,7 @@ bincode = "1.1.1"
 chrono = { version = "0.4.0", features = ["serde"] }
 log = "0.4.2"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 solana-logger = { path = "../../../logger", version = "0.12.0" }
 solana-sdk = { path = "../../../sdk", version = "0.12.0" }
 
diff --git a/programs/native/erc20/Cargo.toml b/programs/native/erc20/Cargo.toml
index 2fbebc220..b2dd1c664 100644
--- a/programs/native/erc20/Cargo.toml
+++ b/programs/native/erc20/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 bincode = "1.1.1"
 log = "0.4.2"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 solana-logger = { path = "../../../logger", version = "0.12.0" }
 solana-sdk = { path = "../../../sdk", version = "0.12.0" }
 
diff --git a/programs/native/rewards_api/Cargo.toml b/programs/native/rewards_api/Cargo.toml
index 0bd3003f7..8e1e0ca4a 100644
--- a/programs/native/rewards_api/Cargo.toml
+++ b/programs/native/rewards_api/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 [dependencies]
 bincode = "1.0.0"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 solana-sdk = { path = "../../../sdk", version = "0.12.0" }
 
 [lib]
diff --git a/programs/native/storage/Cargo.toml b/programs/native/storage/Cargo.toml
index 9851884bd..1db2e0b18 100644
--- a/programs/native/storage/Cargo.toml
+++ b/programs/native/storage/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 bincode = "1.1.1"
 log = "0.4.2"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 solana-logger = { path = "../../../logger", version = "0.12.0" }
 solana-sdk = { path = "../../../sdk", version = "0.12.0" }
 
diff --git a/sdk/Cargo.toml b/sdk/Cargo.toml
index 1b0e93c99..e8fac58a5 100644
--- a/sdk/Cargo.toml
+++ b/sdk/Cargo.toml
@@ -18,6 +18,6 @@ log = "0.4.2"
 ring = "0.13.2"
 sha2 = "0.8.0"
 serde = "1.0.88"
-serde_derive = "1.0.87"
+serde_derive = "1.0.88"
 serde_json = "1.0.38"
 untrusted = "0.6.2"