diff --git a/Cargo.lock b/Cargo.lock
index 601d14941b4..168ffb2034c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6774,9 +6774,9 @@ dependencies = [
 
 [[package]]
 name = "yamux"
-version = "0.12.0"
+version = "0.12.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0329ef377816896f014435162bb3711ea7a07729c23d0960e6f8048b21b8fe91"
+checksum = "9ed0164ae619f2dc144909a9f082187ebb5893693d8c0196e8085283ccd4b776"
 dependencies = [
  "futures",
  "log",
diff --git a/muxers/yamux/CHANGELOG.md b/muxers/yamux/CHANGELOG.md
index a2983b31572..c8534166ea6 100644
--- a/muxers/yamux/CHANGELOG.md
+++ b/muxers/yamux/CHANGELOG.md
@@ -1,3 +1,10 @@
+## 0.45.1
+
+- Deprecate `WindowUpdateMode::on_receive`.
+  It does not enforce flow-control, i.e. breaks backpressure.
+  Use `WindowUpdateMode::on_read` instead.
+  See `yamux` crate version `v0.12.1` and [Yamux PR #177](https://github.com/libp2p/rust-yamux/pull/177).
+
 ## 0.45.0
 
 - Migrate to `{In,Out}boundConnectionUpgrade` traits.
diff --git a/muxers/yamux/src/lib.rs b/muxers/yamux/src/lib.rs
index d10cdfa244c..fc7ff430396 100644
--- a/muxers/yamux/src/lib.rs
+++ b/muxers/yamux/src/lib.rs
@@ -231,7 +231,9 @@ impl WindowUpdateMode {
     /// > size must be tuned appropriately for the desired
     /// > throughput and level of tolerance for (temporarily)
     /// > slow receivers.
+    #[deprecated(note = "Use `WindowUpdateMode::on_read` instead.")]
     pub fn on_receive() -> Self {
+        #[allow(deprecated)]
         WindowUpdateMode(yamux::WindowUpdateMode::OnReceive)
     }