diff --git a/bittensor/subtensor.py b/bittensor/subtensor.py
index d1ebac9df4..c50ec7a4ca 100644
--- a/bittensor/subtensor.py
+++ b/bittensor/subtensor.py
@@ -23,7 +23,6 @@
 
 import argparse
 import copy
-import functools
 import socket
 import time
 from typing import List, Dict, Union, Optional, Tuple, TypedDict, Any
@@ -109,18 +108,6 @@
 
 KEY_NONCE: Dict[str, int] = {}
 
-#######
-# Monkey patch in caching the convert_type_string method
-#######
-if hasattr(RuntimeConfiguration, "convert_type_string"):
-    original_convert_type_string = RuntimeConfiguration.convert_type_string
-
-    @functools.lru_cache(maxsize=None)
-    def convert_type_string(_, name):
-        return original_convert_type_string(name)
-
-    RuntimeConfiguration.convert_type_string = convert_type_string
-#######
 
 
 class ParamWithTypes(TypedDict):
diff --git a/requirements/prod.txt b/requirements/prod.txt
index 2d9ecabab5..e02456f998 100644
--- a/requirements/prod.txt
+++ b/requirements/prod.txt
@@ -25,9 +25,9 @@ python-statemachine~=2.1.2
 retry
 requests
 rich
-scalecodec==1.2.7  # scalecodec should not be changed unless first verifying compatibility with the subtensor's monkeypatching of scalecodec.RuntimeConfiguration.get_decoder_class
+scalecodec==1.2.11
 shtab~=1.6.5
-substrate-interface~=1.7.5
+substrate-interface~=1.7.9
 termcolor
 tqdm
 uvicorn<=0.30
diff --git a/scripts/environments/apple_m1_environment.yml b/scripts/environments/apple_m1_environment.yml
index a3712e267c..25824aa64e 100644
--- a/scripts/environments/apple_m1_environment.yml
+++ b/scripts/environments/apple_m1_environment.yml
@@ -228,7 +228,7 @@ dependencies:
       - retry==0.9.2
       - rich==12.5.1
       - rsa==4.9
-      - scalecodec==1.2.7  # scalecodec should not be changed unless first verifying compatibility with the subtensor's monkeypatching of scalecodec.RuntimeConfiguration.get_decoder_class
+      - scalecodec==1.2.11
       - scikit-learn==1.2.2
       - scipy==1.10.1
       - sentencepiece==0.1.99
@@ -242,7 +242,7 @@ dependencies:
       - sqlalchemy==2.0.19
       - starlette==0.37.2
       - streamlit==1.22.0
-      - substrate-interface==1.5.2
+      - substrate-interface==1.7.9
       - tenacity==8.2.2
       - termcolor==2.1.1
       - threadpoolctl==3.1.0