What I've learned so far about migrating MOON/ETH positions on SushiSwap

After posting a few days ago asking about a new option that popped up on on the pool page that suggests to migrate your V2 position to V3 for "increased efficiency" I finally went ahead and did it, just to see what it meant and if the migration was worth it for us moon liquidity providers. (Had to repost as the automod was not kind to me heh)

So what I got was a screen where you can choose the percentage of fees to take ( 0.01 all the the way up to 1% if remember correctly) the V2 pool and the standard for V3 seems to be 0.3%. apart from this option you also choose the price range in which you want to provide liquidity, this seems to be a very useful addition as as many of you have probably already experienced with this pump, IL can wipe out your initial moons and leave with only the rewards. (I'm no LP expert so I can't go too deep into what could be the best settings, all I know is that if you entered the pool a while ago it is definitely not the right time to pull out. But with this setting you probably can get some peace of mind in these volatile times)

I first chose 0.01% by mistake and as expected the APR I got from this was around 10%-15% when the V2 was showing around 300%, so not great. I guess this is for altruistic people to provide liquidity out of the goodness of their hearts, as I fail to see the interest in choosing lower fee percentages.

When choosing the same percentage as the V2 pool (0.3%), the APR, while being similar was slightly lower for V3 although that might have been due to the different conditions of each pool as the V3 unsurprisingly has a much lower TVL and volume. Still it again seemed better to remain in V2.

Finally what struck me the most was that in the V3 pool there does not seems to be an option to stake your LP tokens for extra rewards, so your tokens just sit in your wallet. I do not know if this is a feature that will be available later on or if the V3 APR already integrates these staking rewards. If it does indeed become available that could mean that the V3 offers even better rewards with the staking.

Anyways, as of now it does seem that migrating is worth it, as the lower APR is rather uninteresting. Even now the old pool offers a return percentage a couple of points above the V3.

If anyone has more info and knowledge on what the V3 does differently and how it works/will work for the MOON/ETH pool I'd be interested in learning and discussing it further.

Remember to take care of your karma multiplier and have fun shitposting!

TLDR : SushiSwap prompts you to migrate your V2 position to V3, the rewards from staking are not available on V3 and it is unclear whether it is a good idea to migrate.

EDIT : it seems today that the APR for the V3 is higher than the V2 pool, confirming I do not know much about migration and different version pools. So anyone with a better understanding of it is welcome to enlighten me!