diff --git a/account_manager/Cargo.toml b/account_manager/Cargo.toml
index 7caf1da06..ad91ad4ef 100644
--- a/account_manager/Cargo.toml
+++ b/account_manager/Cargo.toml
@@ -20,7 +20,7 @@ deposit_contract = { path = "../eth2/utils/deposit_contract" }
 libc = "0.2.65"
 eth2_ssz = { path = "../eth2/utils/ssz" }
 eth2_ssz_derive = { path = "../eth2/utils/ssz_derive" }
-hex = "0.4"
+hex = "0.3"
 validator_client = { path = "../validator_client" }
 rayon = "1.2.0"
 eth2_testnet_config = { path = "../eth2/utils/eth2_testnet_config" }
diff --git a/beacon_node/Cargo.toml b/beacon_node/Cargo.toml
index ae99c8ce6..83d77a3c9 100644
--- a/beacon_node/Cargo.toml
+++ b/beacon_node/Cargo.toml
@@ -26,7 +26,7 @@ slog-term = "2.4.2"
 slog-async = "2.3.0"
 ctrlc = { version = "3.1.3", features = ["termination"] }
 tokio = "0.1.22"
-tokio-timer = "0.2.11"
+tokio-timer = "0.2.12"
 exit-future = "0.1.4"
 env_logger = "0.7.1"
 dirs = "2.0.2"
diff --git a/beacon_node/eth1/Cargo.toml b/beacon_node/eth1/Cargo.toml
index bdd9ded4d..ea3684046 100644
--- a/beacon_node/eth1/Cargo.toml
+++ b/beacon_node/eth1/Cargo.toml
@@ -15,7 +15,7 @@ reqwest = "0.9"
 futures = "0.1.25"
 serde_json = "1.0"
 serde = { version = "1.0", features = ["derive"] }
-hex = "0.4"
+hex = "0.3"
 types = { path = "../../eth2/types"}
 merkle_proof = { path = "../../eth2/utils/merkle_proof"}
 eth2_ssz = { path = "../../eth2/utils/ssz"}
@@ -23,7 +23,7 @@ tree_hash = { path = "../../eth2/utils/tree_hash"}
 eth2_hashing = { path = "../../eth2/utils/eth2_hashing"}
 parking_lot = "0.7"
 slog = "^2.2.3"
-tokio = "0.1.17"
+tokio = "0.1.22"
 state_processing = { path = "../../eth2/state_processing" }
 exit-future = "0.1.4"
 libflate = "0.1"
diff --git a/beacon_node/eth2-libp2p/Cargo.toml b/beacon_node/eth2-libp2p/Cargo.toml
index 11ece8cd0..8883b5acf 100644
--- a/beacon_node/eth2-libp2p/Cargo.toml
+++ b/beacon_node/eth2-libp2p/Cargo.toml
@@ -21,12 +21,12 @@ tokio = "0.1.22"
 futures = "0.1.29"
 error-chain = "0.12.1"
 dirs = "2.0.2"
-smallvec = "0.6.11"
 fnv = "1.0.6"
 unsigned-varint = "0.2.3"
 lazy_static = "1.4.0"
 lighthouse_metrics = { path = "../../eth2/utils/lighthouse_metrics" }
 tokio-io-timeout = "0.3.1"
+smallvec = "1.0.0"
 
 [dev-dependencies]
 slog-stdlog = "4.0.0"
diff --git a/beacon_node/eth2-libp2p/src/behaviour.rs b/beacon_node/eth2-libp2p/src/behaviour.rs
index 63464bc72..0eb60387b 100644
--- a/beacon_node/eth2-libp2p/src/behaviour.rs
+++ b/beacon_node/eth2-libp2p/src/behaviour.rs
@@ -241,6 +241,11 @@ impl<TSubstream: AsyncRead + AsyncWrite> Behaviour<TSubstream> {
         self.discovery.peer_banned(peer_id);
     }
 
+    /// Notify discovery that the peer has been unbanned.
+    pub fn peer_unbanned(&mut self, peer_id: &PeerId) {
+        self.discovery.peer_unbanned(peer_id);
+    }
+
     /// Informs the discovery behaviour if a new IP/Port is set at the application layer
     pub fn update_local_enr_socket(&mut self, socket: std::net::SocketAddr, is_tcp: bool) {
         self.discovery.update_local_enr(socket, is_tcp);
diff --git a/beacon_node/eth2-libp2p/src/discovery.rs b/beacon_node/eth2-libp2p/src/discovery.rs
index 860bf6064..fdbbca2cc 100644
--- a/beacon_node/eth2-libp2p/src/discovery.rs
+++ b/beacon_node/eth2-libp2p/src/discovery.rs
@@ -39,7 +39,7 @@ pub struct Discovery<TSubstream> {
     /// The target number of connected peers on the libp2p interface.
     max_peers: usize,
 
-    /// directory to save ENR to
+    /// The directory where the ENR is stored.
     enr_dir: String,
 
     /// The delay between peer discovery searches.
@@ -158,11 +158,14 @@ impl<TSubstream> Discovery<TSubstream> {
     /// The peer has been banned. Add this peer to the banned list to prevent any future
     /// re-connections.
     // TODO: Remove the peer from the DHT if present
-    // TODO: Implement a timeout, after which we unban the peer
     pub fn peer_banned(&mut self, peer_id: PeerId) {
         self.banned_peers.insert(peer_id);
     }
 
+    pub fn peer_unbanned(&mut self, peer_id: &PeerId) {
+        self.banned_peers.remove(peer_id);
+    }
+
     /// Search for new peers using the underlying discovery mechanism.
     fn find_peers(&mut self) {
         // pick a random NodeId
diff --git a/beacon_node/eth2-libp2p/src/service.rs b/beacon_node/eth2-libp2p/src/service.rs
index a9c519e2e..0fb19a4ab 100644
--- a/beacon_node/eth2-libp2p/src/service.rs
+++ b/beacon_node/eth2-libp2p/src/service.rs
@@ -12,13 +12,12 @@ use libp2p::core::{
     transport::boxed::Boxed, ConnectedPoint,
 };
 use libp2p::{core, secio, swarm::NetworkBehaviour, PeerId, Swarm, Transport};
-use slog::{crit, debug, info, trace, warn};
-use smallvec::SmallVec;
+use slog::{crit, debug, error, info, trace, warn};
 use std::fs::File;
 use std::io::prelude::*;
 use std::io::{Error, ErrorKind};
 use std::time::Duration;
-use std::time::Instant;
+use tokio::timer::DelayQueue;
 
 type Libp2pStream = Boxed<(PeerId, StreamMuxerBox), Error>;
 type Libp2pBehaviour = Behaviour<Substream<StreamMuxerBox>>;
@@ -26,7 +25,7 @@ type Libp2pBehaviour = Behaviour<Substream<StreamMuxerBox>>;
 const NETWORK_KEY_FILENAME: &str = "key";
 /// The time in milliseconds to wait before banning a peer. This allows for any Goodbye messages to be
 /// flushed and protocols to be negotiated.
-const BAN_PEER_TIMEOUT: u64 = 200;
+const BAN_PEER_WAIT_TIMEOUT: u64 = 200;
 
 /// The configuration and state of the libp2p components for the beacon node.
 pub struct Service {
@@ -38,7 +37,10 @@ pub struct Service {
     pub local_peer_id: PeerId,
 
     /// A current list of peers to ban after a given timeout.
-    peers_to_ban: SmallVec<[(PeerId, Instant); 4]>,
+    peers_to_ban: DelayQueue<PeerId>,
+
+    /// A list of timeouts after which peers become unbanned.
+    peer_ban_timeout: DelayQueue<PeerId>,
 
     /// Indicates if the listening address have been verified and compared to the expected ENR.
     verified_listen_address: bool,
@@ -157,18 +159,21 @@ impl Service {
         Ok(Service {
             local_peer_id,
             swarm,
-            peers_to_ban: SmallVec::new(),
+            peers_to_ban: DelayQueue::new(),
+            peer_ban_timeout: DelayQueue::new(),
             verified_listen_address: false,
             log,
         })
     }
 
-    /// Adds a peer to be banned after a timeout period.
-    pub fn disconnect_and_ban_peer(&mut self, peer_id: PeerId) {
-        self.peers_to_ban.push((
-            peer_id,
-            Instant::now() + Duration::from_millis(BAN_PEER_TIMEOUT),
-        ));
+    /// Adds a peer to be banned for a period of time, specified by a timeout.
+    pub fn disconnect_and_ban_peer(&mut self, peer_id: PeerId, timeout: Duration) {
+        error!(self.log, "Disconnecting and banning peer"; "peer_id" => format!("{:?}", peer_id), "timeout" => format!("{:?}", timeout));
+        self.peers_to_ban.insert(
+            peer_id.clone(),
+            Duration::from_millis(BAN_PEER_WAIT_TIMEOUT),
+        );
+        self.peer_ban_timeout.insert(peer_id, timeout);
     }
 }
 
@@ -214,6 +219,48 @@ impl Stream for Service {
                 _ => break,
             }
         }
+
+        // check if peers need to be banned
+        loop {
+            match self.peers_to_ban.poll() {
+                Ok(Async::Ready(Some(peer_id))) => {
+                    let peer_id = peer_id.into_inner();
+                    Swarm::ban_peer_id(&mut self.swarm, peer_id.clone());
+                    // TODO: Correctly notify protocols of the disconnect
+                    // TODO: Also remove peer from the DHT: https://github.com/sigp/lighthouse/issues/629
+                    let dummy_connected_point = ConnectedPoint::Dialer {
+                        address: "/ip4/0.0.0.0"
+                            .parse::<Multiaddr>()
+                            .expect("valid multiaddr"),
+                    };
+                    self.swarm
+                        .inject_disconnected(&peer_id, dummy_connected_point);
+                    // inform the behaviour that the peer has been banned
+                    self.swarm.peer_banned(peer_id);
+                }
+                Ok(Async::NotReady) | Ok(Async::Ready(None)) => break,
+                Err(e) => {
+                    warn!(self.log, "Peer banning queue failed"; "error" => format!("{:?}", e));
+                }
+            }
+        }
+
+        // un-ban peer if it's timeout has expired
+        loop {
+            match self.peer_ban_timeout.poll() {
+                Ok(Async::Ready(Some(peer_id))) => {
+                    let peer_id = peer_id.into_inner();
+                    debug!(self.log, "Peer has been unbanned"; "peer" => format!("{:?}", peer_id));
+                    self.swarm.peer_unbanned(&peer_id);
+                    Swarm::unban_peer_id(&mut self.swarm, peer_id);
+                }
+                Ok(Async::NotReady) | Ok(Async::Ready(None)) => break,
+                Err(e) => {
+                    warn!(self.log, "Peer banning timeout queue failed"; "error" => format!("{:?}", e));
+                }
+            }
+        }
+
         // swarm is not ready
         // check to see if the address is different to the config. If so, update our ENR
         if !self.verified_listen_address {
@@ -226,28 +273,6 @@ impl Stream for Service {
             }
         }
 
-        // check if there are peers to ban
-        while !self.peers_to_ban.is_empty() {
-            if self.peers_to_ban[0].1 < Instant::now() {
-                let (peer_id, _) = self.peers_to_ban.remove(0);
-                warn!(self.log, "Disconnecting and banning peer"; "peer_id" => format!("{:?}", peer_id));
-                Swarm::ban_peer_id(&mut self.swarm, peer_id.clone());
-                // TODO: Correctly notify protocols of the disconnect
-                // TODO: Also remove peer from the DHT: https://github.com/sigp/lighthouse/issues/629
-                let dummy_connected_point = ConnectedPoint::Dialer {
-                    address: "/ip4/0.0.0.0"
-                        .parse::<Multiaddr>()
-                        .expect("valid multiaddr"),
-                };
-                self.swarm
-                    .inject_disconnected(&peer_id, dummy_connected_point);
-                // inform the behaviour that the peer has been banned
-                self.swarm.peer_banned(peer_id);
-            } else {
-                break;
-            }
-        }
-
         Ok(Async::NotReady)
     }
 }
diff --git a/beacon_node/genesis/Cargo.toml b/beacon_node/genesis/Cargo.toml
index 60d7f3f4b..7ab56a689 100644
--- a/beacon_node/genesis/Cargo.toml
+++ b/beacon_node/genesis/Cargo.toml
@@ -19,7 +19,7 @@ merkle_proof = { path = "../../eth2/utils/merkle_proof" }
 eth2_ssz = "0.1"
 eth2_hashing = { path = "../../eth2/utils/eth2_hashing" }
 tree_hash = "0.1"
-tokio = "0.1.17"
+tokio = "0.1.22"
 parking_lot = "0.7"
 slog = "^2.2.3"
 exit-future = "0.1.4"
diff --git a/beacon_node/network/Cargo.toml b/beacon_node/network/Cargo.toml
index 1117a2c89..906c4f938 100644
--- a/beacon_node/network/Cargo.toml
+++ b/beacon_node/network/Cargo.toml
@@ -20,7 +20,7 @@ futures = "0.1.29"
 error-chain = "0.12.1"
 tokio = "0.1.22"
 parking_lot = "0.9.0"
-smallvec = "0.6.11"
+smallvec = "1.0.0"
 # TODO: Remove rand crate for mainnet
 rand = "0.7.2"
 fnv = "1.0.6"
diff --git a/beacon_node/network/src/service.rs b/beacon_node/network/src/service.rs
index 94b00bb7f..ac7961254 100644
--- a/beacon_node/network/src/service.rs
+++ b/beacon_node/network/src/service.rs
@@ -14,6 +14,9 @@ use std::sync::Arc;
 use tokio::runtime::TaskExecutor;
 use tokio::sync::{mpsc, oneshot};
 
+/// The time in seconds that a peer will be banned and prevented from reconnecting.
+const BAN_PEER_TIMEOUT: u64 = 30;
+
 /// Service that handles communication between internal services and the eth2_libp2p network service.
 pub struct Service<T: BeaconChainTypes> {
     libp2p_service: Arc<Mutex<LibP2PService>>,
@@ -212,7 +215,10 @@ fn network_service(
                         }
                     }
                     NetworkMessage::Disconnect { peer_id } => {
-                        libp2p_service.lock().disconnect_and_ban_peer(peer_id);
+                        libp2p_service.lock().disconnect_and_ban_peer(
+                            peer_id,
+                            std::time::Duration::from_secs(BAN_PEER_TIMEOUT),
+                        );
                     }
                 },
                 Ok(Async::NotReady) => break,
@@ -235,7 +241,10 @@ fn network_service(
 
                         // if we received a Goodbye message, drop and ban the peer
                         if let RPCEvent::Request(_, RPCRequest::Goodbye(_)) = rpc_event {
-                            locked_service.disconnect_and_ban_peer(peer_id.clone());
+                            locked_service.disconnect_and_ban_peer(
+                                peer_id.clone(),
+                                std::time::Duration::from_secs(BAN_PEER_TIMEOUT),
+                            );
                         };
                         message_handler_send
                             .try_send(HandlerMessage::RPC(peer_id, rpc_event))
diff --git a/lighthouse/Cargo.toml b/lighthouse/Cargo.toml
index ff6cc054b..dd1ab7ce5 100644
--- a/lighthouse/Cargo.toml
+++ b/lighthouse/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 beacon_node = { "path" = "../beacon_node" }
-tokio = "0.1.15"
+tokio = "0.1.22"
 slog = { version = "^2.2.3" , features = ["max_level_trace"] }
 sloggers = "0.3.4"
 types = { "path" = "../eth2/types" }
diff --git a/lighthouse/environment/Cargo.toml b/lighthouse/environment/Cargo.toml
index 01053ae9a..6e693d12a 100644
--- a/lighthouse/environment/Cargo.toml
+++ b/lighthouse/environment/Cargo.toml
@@ -5,7 +5,7 @@ authors = ["Paul Hauner <paul@paulhauner.com>"]
 edition = "2018"
 
 [dependencies]
-tokio = "0.1.15"
+tokio = "0.1.22"
 slog = { version = "^2.2.3" , features = ["max_level_trace"] }
 sloggers = "0.3.4"
 types = { "path" = "../../eth2/types" }
diff --git a/tests/eth1_test_rig/Cargo.toml b/tests/eth1_test_rig/Cargo.toml
index 2f4914e40..8038fd51d 100644
--- a/tests/eth1_test_rig/Cargo.toml
+++ b/tests/eth1_test_rig/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 web3 = "0.8.0"
-tokio = "0.1.17"
+tokio = "0.1.22"
 futures = "0.1.25"
 types = { path = "../../eth2/types"}
 serde_json = "1.0"
diff --git a/validator_client/Cargo.toml b/validator_client/Cargo.toml
index 02eea884b..b38bfff39 100644
--- a/validator_client/Cargo.toml
+++ b/validator_client/Cargo.toml
@@ -24,7 +24,7 @@ slog = { version = "2.5.2", features = ["max_level_trace", "release_max_level_tr
 slog-async = "2.3.0"
 slog-term = "2.4.2"
 tokio = "0.1.22"
-tokio-timer = "0.2.11"
+tokio-timer = "0.2.12"
 error-chain = "0.12.1"
 bincode = "1.2.0"
 futures = "0.1.29"
@@ -35,7 +35,7 @@ parking_lot = "0.7"
 exit-future = "0.1.4"
 libc = "0.2.65"
 eth2_ssz_derive = { path = "../eth2/utils/ssz_derive" }
-hex = "0.4"
+hex = "0.3"
 deposit_contract = { path = "../eth2/utils/deposit_contract" }
 bls = { path = "../eth2/utils/bls" }
 remote_beacon_node = { path = "../eth2/utils/remote_beacon_node" }