diff --git a/.github/workflows/rust.yml b/.github/workflows/rust.yml
index 19de711..050583d 100644
--- a/.github/workflows/rust.yml
+++ b/.github/workflows/rust.yml
@@ -5,9 +5,6 @@ on:
     branches: [main]
   pull_request:
 
-env:
-  RUSTFLAGS: -Wclippy::all -Wclippy::pedantic
-
 jobs:
 
   # complete:
@@ -28,6 +25,7 @@ jobs:
   build-and-test:
     strategy:
       matrix:
+        rust: [msrv, latest]
         sys:
         - os: ubuntu-latest
           target: wasm32-unknown-unknown
@@ -39,7 +37,21 @@ jobs:
     steps:
     - uses: actions/checkout@v3
     - uses: stellar/actions/rust-cache@main
+    - name: Use the minimum supported Rust version
+      if: matrix.rust == 'msrv'
+      run: |
+        msrv="$(cargo metadata --format-version 1 --no-deps | jq -r '.packages | map(.rust_version) | map(values) | min')"
+        rustup override set $msrv
+        rustup component add clippy --toolchain $msrv
+    - name: Error on warnings and clippy checks
+      # Only error on warnings and checks for the msrv, because new versions of
+      # Rust will frequently add new warnings and checks.
+      if: matrix.rust == 'msrv'
+      run: echo RUSTFLAGS='-Wclippy::all -Wclippy::pedantic' >> $GITHUB_ENV
+      # TODO: Deny warnings when the warnings have been cleaned up.
+      # run: echo RUSTFLAGS='-Dwarnings -Wclippy::all -Wclippy::pedantic' >> $GITHUB_ENV
     - run: rustup update
+    - run: cargo version
     - run: rustup target add ${{ matrix.sys.target }}
     - run: cargo clippy --target ${{ matrix.sys.target }} --lib
     - if: matrix.sys.target != 'wasm32-unknown-unknown'
diff --git a/Cargo.toml b/Cargo.toml
index 2579de3..0ccfa12 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -5,6 +5,9 @@ members = [
     "contracts/*",
 ]
 
+[workspace.package]
+rust-version = "1.74.0"
+
 [profile.release]
 opt-level = "z"
 overflow-checks = true
diff --git a/contracts/abundance/Cargo.toml b/contracts/abundance/Cargo.toml
index ba34e52..f99e05f 100644
--- a/contracts/abundance/Cargo.toml
+++ b/contracts/abundance/Cargo.toml
@@ -3,6 +3,7 @@ name = "abundance-token"
 description = "Soroban standard token contract, but anyone can mint to themselves."
 version = "0.0.6"
 edition = "2021"
+rust-version.workspace = true
 
 [lib]
 crate-type = ["cdylib"]
diff --git a/contracts/crowdfund/Cargo.toml b/contracts/crowdfund/Cargo.toml
index 34764ab..4594f45 100644
--- a/contracts/crowdfund/Cargo.toml
+++ b/contracts/crowdfund/Cargo.toml
@@ -2,6 +2,7 @@
 name = "soroban-crowdfund-contract"
 version = "0.0.0"
 edition = "2021"
+rust-version.workspace = true
 publish = false
 autobins = false
 
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
new file mode 100644
index 0000000..e340b76
--- /dev/null
+++ b/rust-toolchain.toml
@@ -0,0 +1,4 @@
+[toolchain]
+channel = "stable"
+targets = ["wasm32-unknown-unknown"]
+components = ["rustc", "cargo", "rustfmt", "clippy", "rust-src"]