First things first, open up that Figma file where you need to manage your design iterations using version history. Make sure you have the right permissions to edit the file.

Head over to the top right corner of Figma. See that clock icon labeled "History"? Click on it. This will open up the version history panel on the right side of your screen.

In the version history panel, scroll through the timeline to check out all the saved versions. Each version marks a specific change or update made to the design file.

Click on any version to see what the design looked like at that point in time. This way, you can view the design without messing up your current work.

To make things easier, name the important versions. Hover over a specific version and click on it to rename. Type a descriptive name and hit Enter. This helps you keep track of key design iterations.

Need to go back to a previous iteration? Click the "Restore this version" button after selecting the desired version. This will revert the file to that state, but don't worry, Figma keeps all the other versions too.

Compare changes between different versions by toggling between them. This is great for analyzing design progression, improvements, or grabbing specific components or layouts from past iterations.

Use the commenting feature to discuss specific versions with your team. This is super helpful during collaborative reviews to communicate and resolve design feedback.

Manually create versions for critical design milestones. In the file menu, select "File" > "Save Version." Enter a name and description for the new version and save it. This ensures you have clearly defined stages within your design process.

Figma automatically saves versions at intervals. To keep an eye on these, make sure the auto-save frequency matches your project needs. For large teams, consider stricter version naming and saving conventions for clarity.

By following these steps, you can make efficient use of Figma’s version history to manage design iterations effectively.