diff --git a/bridges/relays/ethereum/Cargo.toml b/bridges/relays/ethereum/Cargo.toml
index 4a7af04c443b..53cfb22fbec9 100644
--- a/bridges/relays/ethereum/Cargo.toml
+++ b/bridges/relays/ethereum/Cargo.toml
@@ -10,7 +10,7 @@ ansi_term = "0.12"
 async-std = "=1.5.0"
 async-stream = "0.2.0"
 async-trait = "0.1.36"
-backoff = "0.1"
+backoff = "0.2"
 clap = { version = "2.33.1", features = ["yaml"] }
 codec = { package = "parity-scale-codec", version = "1.3.1" }
 env_logger = "0.7.0"