diff --git a/libp2p/tools/factories.py b/libp2p/tools/factories.py
index 326b1fca..b8fb8358 100644
--- a/libp2p/tools/factories.py
+++ b/libp2p/tools/factories.py
@@ -1,4 +1,5 @@
 from contextlib import (
+    AsyncExitStack,
     asynccontextmanager,
 )
 from typing import (
@@ -12,9 +13,6 @@ from typing import (
     cast,
 )
 
-from async_exit_stack import (
-    AsyncExitStack,
-)
 import factory
 from multiaddr import (
     Multiaddr,
diff --git a/libp2p/tools/pubsub/dummy_account_node.py b/libp2p/tools/pubsub/dummy_account_node.py
index 0a80a27f..88f43ee0 100644
--- a/libp2p/tools/pubsub/dummy_account_node.py
+++ b/libp2p/tools/pubsub/dummy_account_node.py
@@ -1,4 +1,5 @@
 from contextlib import (
+    AsyncExitStack,
     asynccontextmanager,
 )
 from typing import (
@@ -7,10 +8,6 @@ from typing import (
     Tuple,
 )
 
-from async_exit_stack import (
-    AsyncExitStack,
-)
-
 from libp2p.host.host_interface import (
     IHost,
 )
diff --git a/newsfragments/468.removal.rst b/newsfragments/468.removal.rst
new file mode 100644
index 00000000..754efe93
--- /dev/null
+++ b/newsfragments/468.removal.rst
@@ -0,0 +1 @@
+Drop ``async-exit-stack`` dep, as of py37 can import ``AsyncExitStack`` from contextlib
diff --git a/setup.py b/setup.py
index cf35f32e..fc7d24ed 100644
--- a/setup.py
+++ b/setup.py
@@ -62,7 +62,6 @@ install_requires = [
     "coincurve>=10.0.0",
     "pynacl==1.3.0",
     "trio>=0.15.0",
-    "async-exit-stack==1.0.1",
     "noiseprotocol>=0.3.0",
     "trio-typing>=0.0.4",
     "exceptiongroup>=1.2.0; python_version < '3.11'",
diff --git a/tests/interop/conftest.py b/tests/interop/conftest.py
index 5bf9f2ff..80785fce 100644
--- a/tests/interop/conftest.py
+++ b/tests/interop/conftest.py
@@ -1,7 +1,8 @@
-import anyio
-from async_exit_stack import (
+from contextlib import (
     AsyncExitStack,
 )
+
+import anyio
 from p2pclient.datastructures import (
     StreamInfo,
 )