diff --git a/project/Build.scala b/project/Build.scala
index 69441d0aaa01..d8bcd131f232 100644
--- a/project/Build.scala
+++ b/project/Build.scala
@@ -97,17 +97,22 @@ object Build {
   val publishedDottyVersion = referenceVersion
   val sbtDottyVersion = "0.5.5"
 
-  /** Version against which we check binary compatibility.
+  /** Minor version against which we check binary compatibility.
    *
-   *  This must be the latest published release in the same versioning line.
-   *  For example, if the next version is going to be 3.1.4, then this must be
-   *  set to 3.1.3. If it is going to be 3.1.0, it must be set to the latest
-   *  3.0.x release.
+   *  This must be the earliest published release in the same versioning line.
+   *  For a baseVersion `3.M.P` the mimaPreviousDottyVersion should be set to:
+   *   - `3.M.0`     if `P > 0`
+   *   - `3.(M-1).0` if `P = 0`
    */
-  val previousDottyVersion = "3.4.1"
+  val mimaPreviousDottyVersion = "3.4.0"
 
-  /** Version against which we check binary compatibility. */
-  val ltsDottyVersion = "3.3.0"
+  /** LTS version against which we check binary compatibility.
+   *
+   *  This must be the earliest published release in the LTS versioning line.
+   *  For example, if the latest LTS release is be 3.3.4, then this must be
+   *  set to 3.3.0.
+   */
+  val mimaPreviousLTSDottyVersion = "3.3.0"
 
   object CompatMode {
     final val BinaryCompatible = 0
@@ -500,7 +505,7 @@ object Build {
         case cv: Disabled => thisProjectID.name
         case cv: Binary => s"${thisProjectID.name}_${cv.prefix}3${cv.suffix}"
       }
-      (thisProjectID.organization % crossedName % previousDottyVersion)
+      (thisProjectID.organization % crossedName % mimaPreviousDottyVersion)
     },
 
     mimaCheckDirection := (compatMode match {
@@ -1149,7 +1154,7 @@ object Build {
       },
       tastyMiMaConfig ~= { _.withMoreProblemFilters(TastyMiMaFilters.StdlibBootstrapped) },
       tastyMiMaReportIssues := tastyMiMaReportIssues.dependsOn(Def.task {
-        val minorVersion = previousDottyVersion.split('.')(1)
+        val minorVersion = mimaPreviousDottyVersion.split('.')(1)
         // TODO find a way around this and test in the CI
         streams.value.log.warn(
           s"""To allow TASTy-MiMa to read TASTy files generated by this version of the compile you must:
@@ -2183,7 +2188,7 @@ object Build {
               case cv: Disabled => thisProjectID.name
               case cv: Binary => s"${thisProjectID.name}_${cv.prefix}3${cv.suffix}"
             }
-            (thisProjectID.organization % crossedName % ltsDottyVersion)
+            (thisProjectID.organization % crossedName % mimaPreviousLTSDottyVersion)
           },
           mimaForwardIssueFilters := MiMaFilters.Scala3Library.ForwardsBreakingChanges,
           mimaBackwardIssueFilters := MiMaFilters.Scala3Library.BackwardsBreakingChanges,
diff --git a/project/MiMaFilters.scala b/project/MiMaFilters.scala
index 0051d744f787..46c060cacf39 100644
--- a/project/MiMaFilters.scala
+++ b/project/MiMaFilters.scala
@@ -7,12 +7,12 @@ object MiMaFilters {
 
     val ForwardsBreakingChanges: Map[String, Seq[ProblemFilter]] = Map(
       // Additions that require a new minor version of the library
-      Build.previousDottyVersion -> Seq(
+      Build.mimaPreviousDottyVersion -> Seq(
         ProblemFilters.exclude[DirectMissingMethodProblem]("scala.annotation.experimental.this"),
       ),
 
       // Additions since last LTS
-      Build.ltsDottyVersion -> Seq(
+      Build.mimaPreviousLTSDottyVersion -> Seq(
         ProblemFilters.exclude[DirectMissingMethodProblem]("scala.quoted.Quotes#reflectModule.ValOrDefDefMethods"),
         ProblemFilters.exclude[DirectMissingMethodProblem]("scala.quoted.Quotes#reflectModule.ValOrDefDefTypeTest"),
         ProblemFilters.exclude[DirectMissingMethodProblem]("scala.quoted.Quotes#reflectModule#defnModule.FunctionClass"),
@@ -48,10 +48,10 @@ object MiMaFilters {
       // Only exceptional cases should be added here.
 
       // Breaking changes since last reference version
-      Build.previousDottyVersion -> Seq.empty, // We should never break backwards compatibility
+      Build.mimaPreviousDottyVersion -> Seq.empty, // We should never break backwards compatibility
 
       // Breaking changes since last LTS
-      Build.ltsDottyVersion -> Seq(
+      Build.mimaPreviousLTSDottyVersion -> Seq(
         // Quotes is assumed to only be implemented by the compiler and on the same version of the library.
         // It is exceptionally OK to break this compatibility. In these cases, there add new abstract methods that would
         // potentially not be implemented by others. If some other library decides to implement these,
@@ -71,35 +71,35 @@ object MiMaFilters {
   object TastyCore {
     val ForwardsBreakingChanges: Map[String, Seq[ProblemFilter]] = Map(
       // Additions that require a new minor version of tasty core
-      Build.previousDottyVersion -> Seq(
+      Build.mimaPreviousDottyVersion -> Seq(
         ProblemFilters.exclude[DirectMissingMethodProblem]("dotty.tools.tasty.TastyFormat.FLEXIBLEtype")
       ),
 
       // Additions since last LTS
-      Build.ltsDottyVersion -> Seq(
+      Build.mimaPreviousLTSDottyVersion -> Seq(
       )
     )
 
     val BackwardsBreakingChanges: Map[String, Seq[ProblemFilter]] = Map(
       // Breaking changes since last LTS
-      Build.ltsDottyVersion -> Seq.empty // We should never break backwards compatibility
+      Build.mimaPreviousLTSDottyVersion -> Seq.empty // We should never break backwards compatibility
     )
   }
 
   object Interfaces {
     val ForwardsBreakingChanges: Map[String, Seq[ProblemFilter]] = Map(
       // Additions that require a new minor version of interfaces
-      Build.previousDottyVersion -> Seq(
+      Build.mimaPreviousDottyVersion -> Seq(
       ),
 
       // Additions since last LTS
-      Build.ltsDottyVersion -> Seq(
+      Build.mimaPreviousLTSDottyVersion -> Seq(
       )
     )
 
     val BackwardsBreakingChanges: Map[String, Seq[ProblemFilter]] = Map(
       // Breaking changes since last LTS
-      Build.ltsDottyVersion -> Seq.empty // We should never break backwards compatibility
+      Build.mimaPreviousLTSDottyVersion -> Seq.empty // We should never break backwards compatibility
     )
   }