diff --git a/Cargo.lock b/Cargo.lock
index 4d264974a..5b234e11f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1172,6 +1172,15 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "deranged"
+version = "0.3.11"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b42b6fa04a440b495c8b04d0e71b707c585f83cb9cb28cf8cd0d976c315e31b4"
+dependencies = [
+ "powerfmt",
+]
+
 [[package]]
 name = "derivative"
 version = "2.2.0"
@@ -1550,13 +1559,13 @@ dependencies = [
 
 [[package]]
 name = "frame-benchmarking"
-version = "37.0.0"
+version = "38.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "48554572bd164ee905a6ff3378e46c2101610fd2ffe3110875a6503a240fb3d7"
+checksum = "a01bdd47c2d541b38bd892da647d1e972c9d85b4ecd7094ad64f7600175da54d"
 dependencies = [
- "frame-support",
+ "frame-support 38.0.0",
  "frame-support-procedural",
- "frame-system",
+ "frame-system 38.0.0",
  "linregress",
  "log",
  "parity-scale-codec",
@@ -1592,8 +1601,25 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "772f6843543fea5d5083f8f7fe714632f6ab7a230a0a805ccc669e97330494a2"
 dependencies = [
  "frame-election-provider-solution-type",
- "frame-support",
- "frame-system",
+ "frame-support 37.0.0",
+ "frame-system 37.1.0",
+ "parity-scale-codec",
+ "scale-info",
+ "sp-arithmetic 26.0.0",
+ "sp-core 34.0.0",
+ "sp-npos-elections",
+ "sp-runtime 39.0.2",
+]
+
+[[package]]
+name = "frame-election-provider-support"
+version = "38.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c36f5116192c63d39f1b4556fa30ac7db5a6a52575fa241b045f7dfa82ecc2be"
+dependencies = [
+ "frame-election-provider-solution-type",
+ "frame-support 38.0.0",
+ "frame-system 38.0.0",
  "parity-scale-codec",
  "scale-info",
  "sp-arithmetic 26.0.0",
@@ -1658,10 +1684,52 @@ dependencies = [
  "sp-io 38.0.0",
  "sp-metadata-ir",
  "sp-runtime 39.0.2",
- "sp-staking",
+ "sp-staking 34.0.0",
+ "sp-state-machine 0.43.0",
+ "sp-std",
+ "sp-tracing 17.0.1",
+ "sp-weights 31.0.0",
+ "static_assertions",
+ "tt-call",
+]
+
+[[package]]
+name = "frame-support"
+version = "38.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1e44af69fa61bc5005ffe0339e198957e77f0f255704a9bee720da18a733e3dc"
+dependencies = [
+ "aquamarine",
+ "array-bytes",
+ "bitflags 1.3.2",
+ "docify",
+ "environmental",
+ "frame-metadata 16.0.0",
+ "frame-support-procedural",
+ "impl-trait-for-tuples",
+ "k256",
+ "log",
+ "macro_magic",
+ "parity-scale-codec",
+ "paste",
+ "scale-info",
+ "serde",
+ "serde_json",
+ "smallvec",
+ "sp-api",
+ "sp-arithmetic 26.0.0",
+ "sp-core 34.0.0",
+ "sp-crypto-hashing-proc-macro",
+ "sp-debug-derive",
+ "sp-genesis-builder",
+ "sp-inherents",
+ "sp-io 38.0.0",
+ "sp-metadata-ir",
+ "sp-runtime 39.0.2",
+ "sp-staking 36.0.0",
  "sp-state-machine 0.43.0",
  "sp-std",
- "sp-tracing 17.0.0",
+ "sp-tracing 17.0.1",
  "sp-weights 31.0.0",
  "static_assertions",
  "tt-call",
@@ -1669,9 +1737,9 @@ dependencies = [
 
 [[package]]
 name = "frame-support-procedural"
-version = "30.0.2"
+version = "30.0.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1e4662a809f559aea6234bd90940fa29df583a3c8124a3cf923f66a0d21126b7"
+checksum = "5e8f9b6bc1517a6fcbf0b2377e5c8c6d39f5bb7862b191a59a9992081d63972d"
 dependencies = [
  "Inflector",
  "cfg-expr",
@@ -1719,7 +1787,28 @@ checksum = "043790fff021477061b207fd6b33743793b63fc64a583358956787229d039717"
 dependencies = [
  "cfg-if",
  "docify",
- "frame-support",
+ "frame-support 37.0.0",
+ "log",
+ "parity-scale-codec",
+ "scale-info",
+ "serde",
+ "sp-core 34.0.0",
+ "sp-io 38.0.0",
+ "sp-runtime 39.0.2",
+ "sp-std",
+ "sp-version",
+ "sp-weights 31.0.0",
+]
+
+[[package]]
+name = "frame-system"
+version = "38.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e3c7fa02f8c305496d2ae52edaecdb9d165f11afa965e05686d7d7dd1ce93611"
+dependencies = [
+ "cfg-if",
+ "docify",
+ "frame-support 38.0.0",
  "log",
  "parity-scale-codec",
  "scale-info",
@@ -2905,6 +2994,12 @@ dependencies = [
  "num-traits",
 ]
 
+[[package]]
+name = "num-conv"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "51d515d32fb182ee37cda2ccdcb92950d6a3c2893aa280e540671c2cd0f3b1d9"
+
 [[package]]
 name = "num-format"
 version = "0.4.4"
@@ -3001,14 +3096,14 @@ checksum = "b15813163c1d831bf4a13c3610c05c0d03b39feb07f7e09fa234dac9b15aaf39"
 
 [[package]]
 name = "pallet-election-provider-multi-phase"
-version = "36.0.0"
+version = "37.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b02a05136d6c5b46fc4963232ffc2069d444100c79fa524627b307fcaea78cd2"
+checksum = "62f9ad5ae0c13ba3727183dadf1825b6b7b0b0598ed5c366f8697e13fd540f7d"
 dependencies = [
  "frame-benchmarking",
- "frame-election-provider-support",
- "frame-support",
- "frame-system",
+ "frame-election-provider-support 38.0.0",
+ "frame-support 38.0.0",
+ "frame-system 38.0.0",
  "log",
  "pallet-election-provider-support-benchmarking",
  "parity-scale-codec",
@@ -3024,13 +3119,13 @@ dependencies = [
 
 [[package]]
 name = "pallet-election-provider-support-benchmarking"
-version = "36.0.0"
+version = "37.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cd65dad4b4de7ec4b0d1631d1e8ad8766eaaa0ab4e871ec6c73a1e894c68afc9"
+checksum = "d4111d0d27545c260c9dd0d6fc504961db59c1ec4b42e1bcdc28ebd478895c22"
 dependencies = [
  "frame-benchmarking",
- "frame-election-provider-support",
- "frame-system",
+ "frame-election-provider-support 38.0.0",
+ "frame-system 38.0.0",
  "parity-scale-codec",
  "sp-npos-elections",
  "sp-runtime 39.0.2",
@@ -3204,8 +3299,8 @@ dependencies = [
  "anyhow",
  "assert_cmd",
  "clap",
- "frame-election-provider-support",
- "frame-support",
+ "frame-election-provider-support 37.0.0",
+ "frame-support 37.0.0",
  "futures",
  "hyper",
  "jsonrpsee 0.22.5",
@@ -3329,6 +3424,12 @@ dependencies = [
  "universal-hash",
 ]
 
+[[package]]
+name = "powerfmt"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "439ee305def115ba05938db6eb1644ff94165c5ab5e9420d1c1bcedbba909391"
+
 [[package]]
 name = "ppv-lite86"
 version = "0.2.20"
@@ -4741,9 +4842,9 @@ dependencies = [
 
 [[package]]
 name = "sp-genesis-builder"
-version = "0.15.0"
+version = "0.15.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "182812315871732372325f0ad42bb8b85a093a06dd77ae1eec997259f4c32aef"
+checksum = "32a646ed222fd86d5680faa4a8967980eb32f644cae6c8523e1c689a6deda3e8"
 dependencies = [
  "parity-scale-codec",
  "scale-info",
@@ -4814,7 +4915,7 @@ dependencies = [
  "sp-keystore 0.40.0",
  "sp-runtime-interface 28.0.0",
  "sp-state-machine 0.43.0",
- "sp-tracing 17.0.0",
+ "sp-tracing 17.0.1",
  "sp-trie 37.0.0",
  "tracing",
  "tracing-core",
@@ -4967,7 +5068,7 @@ dependencies = [
  "sp-runtime-interface-proc-macro",
  "sp-std",
  "sp-storage 21.0.0",
- "sp-tracing 17.0.0",
+ "sp-tracing 17.0.1",
  "sp-wasm-interface 21.0.0",
  "static_assertions",
 ]
@@ -5000,6 +5101,20 @@ dependencies = [
  "sp-runtime 39.0.2",
 ]
 
+[[package]]
+name = "sp-staking"
+version = "36.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2a73eedb4b85f4cd420d31764827546aa22f82ce1646d0fd258993d051de7a90"
+dependencies = [
+ "impl-trait-for-tuples",
+ "parity-scale-codec",
+ "scale-info",
+ "serde",
+ "sp-core 34.0.0",
+ "sp-runtime 39.0.2",
+]
+
 [[package]]
 name = "sp-state-machine"
 version = "0.38.0"
@@ -5091,14 +5206,14 @@ dependencies = [
 
 [[package]]
 name = "sp-tracing"
-version = "17.0.0"
+version = "17.0.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "90b3decf116db9f1dfaf1f1597096b043d0e12c952d3bcdc018c6d6b77deec7e"
+checksum = "cf641a1d17268c8fcfdb8e0fa51a79c2d4222f4cfda5f3944dbdbc384dced8d5"
 dependencies = [
  "parity-scale-codec",
  "tracing",
  "tracing-core",
- "tracing-subscriber 0.2.25",
+ "tracing-subscriber 0.3.18",
 ]
 
 [[package]]
@@ -5555,6 +5670,37 @@ dependencies = [
  "once_cell",
 ]
 
+[[package]]
+name = "time"
+version = "0.3.36"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5dfd88e563464686c916c7e46e623e520ddc6d79fa6641390f2e3fa86e83e885"
+dependencies = [
+ "deranged",
+ "itoa",
+ "num-conv",
+ "powerfmt",
+ "serde",
+ "time-core",
+ "time-macros",
+]
+
+[[package]]
+name = "time-core"
+version = "0.1.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ef927ca75afb808a4d64dd374f00a2adf8d0fcff8e7b184af886c3c87ec4a3f3"
+
+[[package]]
+name = "time-macros"
+version = "0.2.18"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3f252a68540fde3a3877aeea552b832b40ab9a69e318efd078774a01ddee1ccf"
+dependencies = [
+ "num-conv",
+ "time-core",
+]
+
 [[package]]
 name = "tiny-keccak"
 version = "2.0.2"
@@ -5836,6 +5982,7 @@ dependencies = [
  "sharded-slab",
  "smallvec",
  "thread_local",
+ "time",
  "tracing",
  "tracing-core",
  "tracing-log 0.2.0",
diff --git a/Cargo.toml b/Cargo.toml
index 59e44d00c..cc3e5e797 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -29,7 +29,7 @@ subxt = { version = "0.37.0", features = ["substrate-compat"] }
 
 # polkadot-sdk
 frame-election-provider-support = "37.0.0"
-pallet-election-provider-multi-phase = "36.0.0"
+pallet-election-provider-multi-phase = "37.0.0"
 sp-npos-elections = "34.0.0"
 frame-support = "37.0.0"
 sp-runtime = "39.0.2"