diff --git a/cabal.project b/cabal.project
index b2b9d2314d..ab8bdd2e20 100644
--- a/cabal.project
+++ b/cabal.project
@@ -22,9 +22,9 @@ packages:
 source-repository-package
   type: git
   location: https://github.com/IntersectMBO/cardano-api.git
-  tag: d77f096d0647c38bc2f87a97fda28cef7f31c679
+  tag: 9560e4572f44ff2b466f881d9353ade446f27e1f
   subdir: cardano-api
-  --sha256: sha256-lFDjMQayPFhc5suvTChFZHtuVIOM9oLVDsfAZ42qm0k=
+  --sha256: sha256-Innf1vfuHZzTcTcqDV7SIhHe2rUD1UbqwifUnUQx+7I=
 
 package cardano-cli
   ghc-options: -Werror
diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Run/CreateTestnetData.hs b/cardano-cli/src/Cardano/CLI/EraBased/Run/CreateTestnetData.hs
index 6deb694d27..ec0c6da598 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Run/CreateTestnetData.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Run/CreateTestnetData.hs
@@ -325,19 +325,19 @@ runGenesisCreateTestNetDataCmd Cmd.GenesisCreateTestNetDataCmdArgs
                             -> L.ConwayGenesis L.StandardCrypto -> L.ConwayGenesis L.StandardCrypto
     addDRepsToConwayGenesis dRepKeys stakingKeys conwayGenesis =
       conwayGenesis { L.cgDelegs = delegs (zip stakingKeys (case dRepKeys of [] -> []; _ -> cycle dRepKeys))
-                    , L.cgInitialDReps = initialDReps dRepKeys
+                    , L.cgInitialDReps = initialDReps (L.ucppDRepDeposit $ L.cgUpgradePParams conwayGenesis) dRepKeys
                     }
 
       where
       delegs :: [(VerificationKey StakeKey, VerificationKey DRepKey)] -> ListMap (L.Credential L.Staking L.StandardCrypto) (L.Delegatee L.StandardCrypto)
       delegs = ListMap.fromList . map (bimap verificationKeytoStakeCredential (L.DelegVote . L.DRepCredential . verificationKeyToDRepCredential))
 
-      initialDReps :: [VerificationKey DRepKey] -> ListMap (L.Credential L.DRepRole L.StandardCrypto) (L.DRepState L.StandardCrypto)
-      initialDReps = ListMap.fromList . map (\c -> ( verificationKeyToDRepCredential c
-                                                   , L.DRepState { L.drepExpiry = EpochNo 1000
-                                                                 , L.drepAnchor = SNothing
-                                                                 , L.drepDeposit = L.Coin 100_000_000
-                                                                 }))
+      initialDReps :: L.Coin -> [VerificationKey DRepKey] -> ListMap (L.Credential L.DRepRole L.StandardCrypto) (L.DRepState L.StandardCrypto)
+      initialDReps minDeposit = ListMap.fromList . map (\c -> ( verificationKeyToDRepCredential c
+                                                              , L.DRepState { L.drepExpiry = EpochNo 1000
+                                                                            , L.drepAnchor = SNothing
+                                                                            , L.drepDeposit = max (L.Coin 1_000_000) minDeposit
+                                                                            }))
 
       verificationKeyToDRepCredential :: VerificationKey DRepKey -> L.Credential L.DRepRole L.StandardCrypto
       verificationKeyToDRepCredential vk = dRepKeyToCredential (verificationKeyHash vk)