diff --git a/contract/src/lib.rs b/contract/src/lib.rs
index c96bc3e7f..d8ff04f9c 100644
--- a/contract/src/lib.rs
+++ b/contract/src/lib.rs
@@ -48,7 +48,7 @@ pub enum ProtocolContractState {
 }
 
 #[near_bindgen]
-#[derive(BorshDeserialize, BorshSerialize)]
+#[derive(BorshDeserialize, BorshSerialize, Debug)]
 pub enum VersionedMpcContract {
     V0(MpcContract),
 }
@@ -59,7 +59,7 @@ impl Default for VersionedMpcContract {
     }
 }
 
-#[derive(BorshDeserialize, BorshSerialize, PanicOnDefault)]
+#[derive(BorshDeserialize, BorshSerialize, PanicOnDefault, Debug)]
 pub struct MpcContract {
     protocol_state: ProtocolContractState,
     pending_requests: LookupMap<[u8; 32], Option<(String, String)>>,
@@ -88,13 +88,25 @@ impl MpcContract {
         }
     }
 
-    pub fn clean_payloads(&mut self, payloads: Vec<[u8; 32]>, counter: u32) {
+    fn clean_payloads(&mut self, payloads: Vec<[u8; 32]>, counter: u32) {
         log!("clean_payloads");
         for payload in payloads.iter() {
             self.pending_requests.remove(payload);
         }
         self.request_counter = counter;
     }
+
+    pub fn test_init() -> Self {
+        MpcContract {
+            protocol_state: ProtocolContractState::Initializing(InitializingContractState {
+                candidates: Candidates::default(),
+                threshold: 2,
+                pk_votes: PkVotes::new(),
+            }),
+            pending_requests: LookupMap::new(b"m"),
+            request_counter: 2,
+        }
+    }
 }
 
 #[near_bindgen]
@@ -546,12 +558,12 @@ impl VersionedMpcContract {
 
     #[private]
     #[init(ignore_state)]
-    pub fn migrate_state() -> Self {
+    pub fn migrate_state_old_to_v0() -> Self {
         let old_contract: MpcContract = env::state_read().expect("Old state doesn't exist");
         Self::V0(MpcContract {
             protocol_state: old_contract.protocol_state,
-            pending_requests: LookupMap::new(b"m"),
-            request_counter: 0,
+            pending_requests: old_contract.pending_requests,
+            request_counter: old_contract.request_counter,
         })
     }
 }
diff --git a/contract/tests/tests.rs b/contract/tests/tests.rs
index c26c8b6ba..7a4fac432 100644
--- a/contract/tests/tests.rs
+++ b/contract/tests/tests.rs
@@ -1,4 +1,5 @@
-use mpc_contract::primitives::CandidateInfo;
+use mpc_contract::{primitives::CandidateInfo, MpcContract, VersionedMpcContract};
+use near_sdk::env;
 use near_workspaces::AccountId;
 use std::collections::HashMap;
 
@@ -37,3 +38,19 @@ async fn test_contract_can_not_be_reinitialized() -> anyhow::Result<()> {
 
     Ok(())
 }
+
+#[test]
+fn test_old_state_can_be_migrated_to_v0() -> anyhow::Result<()> {
+    let old_contract = MpcContract::test_init();
+    env::state_write(&old_contract);
+
+    let v0_contract = VersionedMpcContract::migrate_state_old_to_v0();
+    let expected_contract = VersionedMpcContract::V0(old_contract);
+
+    assert_eq!(
+        format!("{v0_contract:#?}"),
+        format!("{expected_contract:#?}")
+    );
+
+    Ok(())
+}