diff --git a/package-lock.json b/package-lock.json
index 7f24b6746..3b9e9c7aa 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -18,7 +18,7 @@
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         "@edx/frontend-build": "12.3.0",
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+        "@edx/frontend-platform": "^3.0.1",
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         "enzyme": "3.11.0",
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@@ -34,7 +34,7 @@
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+        "@edx/frontend-platform": "^3.0.0",
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@@ -2574,16 +2574,16 @@
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+      "resolved": "https://registry.npmjs.org/@edx/frontend-platform/-/frontend-platform-3.0.1.tgz",
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+      "resolved": "https://registry.npmjs.org/axios/-/axios-0.27.2.tgz",
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+      "resolved": "https://registry.npmjs.org/axios-cache-interceptor/-/axios-cache-interceptor-0.10.7.tgz",
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+      "funding": {
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@@ -10701,10 +10693,10 @@
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@@ -10974,15 +10966,6 @@
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@@ -11825,15 +11808,6 @@
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+      "resolved": "https://registry.npmjs.org/fast-defer/-/fast-defer-1.1.7.tgz",
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@@ -15370,6 +15350,20 @@
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+        "combined-stream": "^1.0.8",
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@@ -22597,17 +22591,6 @@
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@@ -23760,6 +23743,12 @@
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+      "resolved": "https://registry.npmjs.org/object-code/-/object-code-1.2.4.tgz",
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@@ -33049,16 +33038,16 @@
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-      "integrity": "sha512-h+gYLkPYw41krGiSGs59o2jaq/g3Yk6ay/3rBq0y1/KM6eeaq/F7o14YOhfTRLTpld9Hg+MPKzfOuHyqQN2TEw==",
+      "version": "3.0.1",
+      "resolved": "https://registry.npmjs.org/@edx/frontend-platform/-/frontend-platform-3.0.1.tgz",
+      "integrity": "sha512-sIcdE4SMHe6ny2gQIfeArytHLC2jN5UZFDqHRA83zZ27oJ/mrH923ii171hacfde0/RAGrCyI+JXmP6kNsdvPw==",
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-        "axios": "0.26.1",
-        "axios-cache-adapter": "2.7.3",
+        "axios": "0.27.2",
+        "axios-cache-interceptor": "0.10.7",
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@@ -33155,15 +33144,6 @@
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@@ -38376,23 +38356,24 @@
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-      "resolved": "https://registry.npmjs.org/axios/-/axios-0.21.4.tgz",
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+      "resolved": "https://registry.npmjs.org/axios/-/axios-0.27.2.tgz",
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-      "peer": true,
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-        "follow-redirects": "^1.14.0"
+        "follow-redirects": "^1.14.9",
+        "form-data": "^4.0.0"
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-    "axios-cache-adapter": {
-      "version": "2.7.3",
-      "resolved": "https://registry.npmjs.org/axios-cache-adapter/-/axios-cache-adapter-2.7.3.tgz",
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+    "axios-cache-interceptor": {
+      "version": "0.10.7",
+      "resolved": "https://registry.npmjs.org/axios-cache-interceptor/-/axios-cache-interceptor-0.10.7.tgz",
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-        "md5": "^2.2.1"
+        "cache-parser": "^1.2.4",
+        "fast-defer": "^1.1.7",
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@@ -39260,10 +39241,10 @@
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+      "resolved": "https://registry.npmjs.org/cache-parser/-/cache-parser-1.2.4.tgz",
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@@ -39473,12 +39454,6 @@
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-      "resolved": "https://registry.npmjs.org/charenc/-/charenc-0.0.2.tgz",
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@@ -40148,12 +40123,6 @@
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@@ -42661,6 +42630,12 @@
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+    "fast-defer": {
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+      "resolved": "https://registry.npmjs.org/fast-defer/-/fast-defer-1.1.7.tgz",
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+    "form-data": {
+      "version": "4.0.0",
+      "resolved": "https://registry.npmjs.org/form-data/-/form-data-4.0.0.tgz",
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+      "dev": true,
+      "requires": {
+        "asynckit": "^0.4.0",
+        "combined-stream": "^1.0.8",
+        "mime-types": "^2.1.12"
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@@ -48553,17 +48539,6 @@
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+    "object-code": {
+      "version": "1.2.4",
+      "resolved": "https://registry.npmjs.org/object-code/-/object-code-1.2.4.tgz",
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diff --git a/package.json b/package.json
index 31d8725d8..64ea70b71 100644
--- a/package.json
+++ b/package.json
@@ -35,7 +35,7 @@
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     "@edx/brand": "npm:@edx/brand-openedx@1.1.0",
     "@edx/frontend-build": "12.3.0",
-    "@edx/frontend-platform": "^2.6.2",
+    "@edx/frontend-platform": "^3.0.1",
     "@edx/paragon": "19.25.3",
     "enzyme": "3.11.0",
     "enzyme-adapter-react-16": "1.15.7",
@@ -58,7 +58,7 @@
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   },
   "peerDependencies": {
-    "@edx/frontend-platform": "^2.0.0",
+    "@edx/frontend-platform": "^3.0.0",
     "prop-types": "^15.5.10",
     "react": "^16.9.0",
     "react-dom": "^16.9.0"