diff --git a/.github/dependabot.yml b/.github/dependabot.yml
index 45f0c43..597cbf1 100644
--- a/.github/dependabot.yml
+++ b/.github/dependabot.yml
@@ -10,10 +10,10 @@ updates:
     schedule:
       interval: "daily"
 
-  # - package-ecosystem: "docker"
-  #   directory: "/"
-  #   schedule:
-  #     interval: "daily"
+  - package-ecosystem: "cargo"
+    directory: "/bindings/python"
+    schedule:
+      interval: "daily"
 
   - package-ecosystem: "github-actions"
     directory: "/"
diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index f62a8cb..1eaaa2e 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -97,3 +97,17 @@ jobs:
           toolchain: ${{ matrix.msrv }}
       - name: cargo +${{ matrix.msrv }} check
         run: cargo check
+
+  minimal-versions:
+    name: Check minimal versions
+    runs-on: ubuntu-latest
+
+    steps:
+      - uses: actions/checkout@v3
+      - uses: dtolnay/rust-toolchain@master
+        with:
+          toolchain: nightly
+      - uses: Swatinem/rust-cache@v1
+
+      - run: cargo update --workspace -Zdirect-minimal-versions
+      - run: cargo test --workspace --all-features
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3504be0..337b6bb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## v0.4.2
+
+### What's New
+
+- Loosen version requirement for peer dependencies (specifically `tiktoken-rs` now supports `>=v02.0, <0.6.0`)
+
 ## v0.4.1
 
 ### What's New
diff --git a/Cargo.toml b/Cargo.toml
index 3d137ac..1c24954 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "text-splitter"
-version = "0.4.1"
+version = "0.4.2"
 authors = ["Ben Brandt <benjamin.j.brandt@gmail.com>"]
 edition = "2021"
 description = "Split text into semantic chunks, up to a desired chunk size. Supports calculating length by characters and tokens (when used with large language models)."
@@ -18,21 +18,21 @@ rustdoc-args = ["--cfg", "docsrs"]
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 
 [dependencies]
-auto_enums = "0.8.0"
+auto_enums = "0.8.1"
 either = "1.8.1"
-itertools = "0.10.5"
-once_cell = "1.17.2"
-regex = "1.8.3"
-tiktoken-rs = { version = "0.4.2", optional = true }
-tokenizers = { version = "0.13.3", default_features = false, features = [
+itertools = "0.11.0"
+once_cell = "1.18.0"
+regex = "1.8.4"
+tiktoken-rs = { version = ">=0.2.0, <0.6.0", optional = true }
+tokenizers = { version = ">=0.13.3, <0.14.0", default_features = false, features = [
     "onig",
 ], optional = true }
 unicode-segmentation = "1.10.1"
 
 [dev-dependencies]
 fake = "2.6.1"
-insta = { version = "1.29.0", features = ["glob", "yaml"] }
-tokenizers = { version = "0.13.3", default-features = false, features = [
+insta = { version = "1.30.0", features = ["glob", "yaml"] }
+tokenizers = { version = ">=0.13.3, <0.14.0", default-features = false, features = [
     "onig",
     "http",
 ] }
diff --git a/README.md b/README.md
index bac7ecc..2338210 100644
--- a/README.md
+++ b/README.md
@@ -28,6 +28,8 @@ let chunks = splitter.chunks("your document text", max_characters);
 
 ### With Huggingface Tokenizer
 
+Requires the `tokenizers` feature to be activated.
+
 ```rust
 use text_splitter::TextSplitter;
 // Can also use anything else that implements the ChunkSizer
@@ -45,6 +47,8 @@ let chunks = splitter.chunks("your document text", max_tokens);
 
 ### With Tiktoken Tokenizer
 
+Requires the `tiktoken-rs` feature to be activated.
+
 ```rust
 use text_splitter::TextSplitter;
 // Can also use anything else that implements the ChunkSizer
diff --git a/src/lib.rs b/src/lib.rs
index b8ada2d..66d0b79 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -29,6 +29,8 @@ let chunks = splitter.chunks("your document text", max_characters);
 
 ### With Huggingface Tokenizer
 
+Requires the `tokenizers` feature to be activated.
+
 ```rust
 use text_splitter::TextSplitter;
 // Can also use anything else that implements the ChunkSizer
@@ -46,6 +48,8 @@ let chunks = splitter.chunks("your document text", max_tokens);
 
 ### With Tiktoken Tokenizer
 
+Requires the `tiktoken-rs` feature to be activated.
+
 ```rust
 use text_splitter::TextSplitter;
 // Can also use anything else that implements the ChunkSizer