diff --git a/Cargo.lock b/Cargo.lock
index 4af5a747995..92ff215c4b9 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -309,11 +309,12 @@ dependencies = [
 
 [[package]]
 name = "backon"
-version = "0.5.0"
+version = "1.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "33e5b65cc81d81fbb8488f36458ab4771be35a722967bbc959df28b47397e3ff"
+checksum = "e4fa97bb310c33c811334143cf64c5bb2b7b3c06e453db6b095d7061eff8f113"
 dependencies = [
  "fastrand",
+ "tokio",
 ]
 
 [[package]]
@@ -3955,9 +3956,9 @@ dependencies = [
 
 [[package]]
 name = "rustls-native-certs"
-version = "0.7.2"
+version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "04182dffc9091a404e0fc069ea5cd60e5b866c3adf881eff99a32d048242dffa"
+checksum = "fcaf18a4f2be7326cd874a5fa579fae794320a0f388d365dca7e480e55f83f8a"
 dependencies = [
  "openssl-probe",
  "rustls-pemfile",
@@ -4791,9 +4792,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-stream"
-version = "0.1.15"
+version = "0.1.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "267ac89e0bec6e691e5813911606935d77c476ff49024f98abcea3e7b15e37af"
+checksum = "4f4e6ce100d0eb49a2734f8c0812bcd324cf357d21810932c5df6b96ef2b86f1"
 dependencies = [
  "futures-core",
  "pin-project-lite",
@@ -4884,9 +4885,9 @@ dependencies = [
 
 [[package]]
 name = "tonic"
-version = "0.12.1"
+version = "0.12.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "38659f4a91aba8598d27821589f5db7dddd94601e7a01b1e485a50e5484c7401"
+checksum = "877c5b330756d856ffcc4553ab34a5684481ade925ecc54bcd1bf02b1d0d4d52"
 dependencies = [
  "async-stream",
  "async-trait",
diff --git a/packages/rs-dapi-client/Cargo.toml b/packages/rs-dapi-client/Cargo.toml
index 164a98498df..fb06b6abdcd 100644
--- a/packages/rs-dapi-client/Cargo.toml
+++ b/packages/rs-dapi-client/Cargo.toml
@@ -19,8 +19,14 @@ dump = ["mocks"]
 offline-testing = []
 
 [dependencies]
-backon = "0.5"
-dapi-grpc = { path = "../dapi-grpc", features = ["core", "platform", "client"], default-features = false }
+backon = { version = "1.2", default-features = false, features = [
+    "tokio-sleep",
+] }
+dapi-grpc = { path = "../dapi-grpc", features = [
+    "core",
+    "platform",
+    "client",
+], default-features = false }
 futures = "0.3.28"
 http-serde = { version = "2.1", optional = true }
 rand = { version = "0.8.5", features = ["small_rng"] }
diff --git a/packages/rs-dapi-client/src/dapi_client.rs b/packages/rs-dapi-client/src/dapi_client.rs
index 5b8eef44e53..372b28bc3fa 100644
--- a/packages/rs-dapi-client/src/dapi_client.rs
+++ b/packages/rs-dapi-client/src/dapi_client.rs
@@ -256,7 +256,7 @@ impl DapiRequestExecutor for DapiClient {
         // Start the routine with retry policy applied:
         // We allow let_and_return because `result` is used later if dump feature is enabled
         let result = routine
-            .retry(&retry_settings)
+            .retry(retry_settings)
             .notify(|error, duration| {
                 tracing::warn!(
                     ?error,