diff --git a/Cargo.lock b/Cargo.lock
index 788e2c2f44..bc6e53b5c2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1045,6 +1045,25 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "bincode"
+version = "2.0.0-rc.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f11ea1a0346b94ef188834a65c068a03aec181c94896d481d7a0a40d85b0ce95"
+dependencies = [
+ "bincode_derive",
+ "serde",
+]
+
+[[package]]
+name = "bincode_derive"
+version = "2.0.0-rc.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7e30759b3b99a1b802a7a3aa21c85c3ded5c28e1c83170d82d70f08bbf7f3e4c"
+dependencies = [
+ "virtue",
+]
+
 [[package]]
 name = "bindgen"
 version = "0.65.1"
@@ -8215,7 +8234,7 @@ dependencies = [
 name = "pallet-liquidity-pools"
 version = "0.0.1"
 dependencies = [
- "bincode",
+ "bincode 2.0.0-rc.3",
  "cfg-mocks",
  "cfg-primitives",
  "cfg-traits",
@@ -15862,6 +15881,12 @@ version = "0.9.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "49874b5167b65d7193b8aba1567f5c7d93d001cafc34600cee003eda787e483f"
 
+[[package]]
+name = "virtue"
+version = "0.0.13"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9dcc60c0624df774c82a0ef104151231d37da4962957d691c011c852b2473314"
+
 [[package]]
 name = "void"
 version = "1.0.2"
@@ -16125,7 +16150,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "f907fdead3153cb9bfb7a93bbd5b62629472dc06dee83605358c64c52ed3dda9"
 dependencies = [
  "anyhow",
- "bincode",
+ "bincode 1.3.3",
  "cfg-if",
  "indexmap 1.9.3",
  "libc",
@@ -16163,7 +16188,7 @@ checksum = "c86437fa68626fe896e5afc69234bb2b5894949083586535f200385adfd71213"
 dependencies = [
  "anyhow",
  "base64 0.21.7",
- "bincode",
+ "bincode 1.3.3",
  "directories-next",
  "file-per-thread-logger",
  "log",
@@ -16239,7 +16264,7 @@ checksum = "0de48df552cfca1c9b750002d3e07b45772dd033b0b206d5c0968496abf31244"
 dependencies = [
  "addr2line 0.19.0",
  "anyhow",
- "bincode",
+ "bincode 1.3.3",
  "cfg-if",
  "cpp_demangle",
  "gimli 0.27.3",
diff --git a/Cargo.toml b/Cargo.toml
index 64d66f68cb..9b760218ca 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -62,7 +62,7 @@ smallvec = "1.11.0"
 serde = { version = "1.0.195", default-features = false, features = ["derive"] }
 serde_json = { version = "1.0.111" }
 serde-big-array = { version = "0.5" }
-bincode = { version = "1.3.3" }
+bincode = { version = "2.0.0-rc.3", features-features = false, features = ["alloc", "serde"] }
 parity-scale-codec = { version = "3.6.1", default-features = false, features = ["derive"] }
 scale-info = { version = "2.10.0", default-features = false, features = ["derive"] }
 log = { version = "0.4.20", default-features = false }
diff --git a/pallets/liquidity-pools/Cargo.toml b/pallets/liquidity-pools/Cargo.toml
index d6467c376b..153e23f233 100644
--- a/pallets/liquidity-pools/Cargo.toml
+++ b/pallets/liquidity-pools/Cargo.toml
@@ -54,6 +54,7 @@ std = [
   "staging-xcm/std",
   "scale-info/std",
   "serde/std",
+  "bincode/std",
 ]
 runtime-benchmarks = [
   "orml-tokens/runtime-benchmarks",
diff --git a/pallets/liquidity-pools/src/message.rs b/pallets/liquidity-pools/src/message.rs
index 28499c1ade..8d33dfff3b 100644
--- a/pallets/liquidity-pools/src/message.rs
+++ b/pallets/liquidity-pools/src/message.rs
@@ -1,4 +1,10 @@
-use bincode::Options;
+//! A message requires a custom decoding & encoding, meeting the
+//! LiquidityPool Generic Message Passing Format (GMPF): Every message is
+//! encoded with a u8 at head flagging the message type, followed by its field.
+//! Integers are big-endian encoded and enum values (such as `[crate::Domain]`)
+//! also have a custom GMPF implementation, aiming for a fixed-size encoded
+//! representation for each message variant.
+
 use cfg_traits::Seconds;
 use cfg_types::domain_address::Domain;
 use frame_support::pallet_prelude::RuntimeDebug;
@@ -58,28 +64,28 @@ impl TryInto<Domain> for SerializableDomain {
 	}
 }
 
-/// A message requires a custom decoding & encoding, meeting the
-/// LiquidityPool Generic Message Passing Format (GMPF): Every message is
-/// encoded with a u8 at head flagging the message type, followed by its field.
-/// Integers are big-endian encoded and enum values (such as `[crate::Domain]`)
-/// also have a custom GMPF implementation, aiming for a fixed-size encoded
-/// representation for each message variant.
-///
+fn bincode_config() -> bincode::config::Configuration<
+	bincode::config::BigEndian,
+	bincode::config::Fixint,
+	bincode::config::NoLimit,
+> {
+	Default::default()
+}
+
 /// Inverse of [`solidity_deserialization()`]
+/// Note that the enum tags as treat as u32 by bincode instead of the expected
+/// u8. Only use this function if you can handle that.
 fn solidity_serialization<T: Serialize>(ty: &T) -> Result<Vec<u8>, DispatchError> {
-	bincode::DefaultOptions::new()
-		.with_fixint_encoding()
-		.with_big_endian()
-		.serialize(ty)
+	bincode::serde::encode_to_vec(ty, bincode_config())
 		.map_err(|_| DispatchError::Other("Type can not be serialized"))
 }
 
 /// Inverse of [`solidity_serialization()`]
+/// Note that the enum tags as treat as u32 by bincode instead of the expected
+/// u8. Only use this function if you can handle that.
 fn solidity_deserialization<T: DeserializeOwned>(data: &[u8]) -> Result<T, DispatchError> {
-	bincode::DefaultOptions::new()
-		.with_fixint_encoding()
-		.with_big_endian()
-		.deserialize(data)
+	bincode::serde::decode_from_slice(data, bincode_config())
+		.map(|(ty, _)| ty)
 		.map_err(|_| DispatchError::Other("Type can not be deserialized"))
 }