diff --git a/pkg/local_object_storage/metabase/VERSION.md b/pkg/local_object_storage/metabase/VERSION.md
index 97e514db1..9cfc95332 100644
--- a/pkg/local_object_storage/metabase/VERSION.md
+++ b/pkg/local_object_storage/metabase/VERSION.md
@@ -2,6 +2,8 @@
 
 This file describes changes between the metabase versions.
 
+Warning: database schema below is outdated and incomplete, see source code.
+
 ## Current
 
 ### Primary buckets
@@ -86,6 +88,11 @@ This file describes changes between the metabase versions.
 
 # History
 
+## Version 3
+
+- Payload hash, owner ID and FKBT buckets deleted
+- Expiration epoch to object ID and object ID to expiration epoch added
+
 ## Version 2
 
 - Container ID is encoded as 32-byte slice
diff --git a/pkg/local_object_storage/metabase/version.go b/pkg/local_object_storage/metabase/version.go
index 5748b64ee..bb2b66d9b 100644
--- a/pkg/local_object_storage/metabase/version.go
+++ b/pkg/local_object_storage/metabase/version.go
@@ -9,7 +9,7 @@ import (
 )
 
 // version contains current metabase version.
-const version = 2
+const version = 3
 
 var versionKey = []byte("version")