Nope. LEOM /LEOMM are different tokens. No way to convert one into the other or viceversa. You just buy LEOM/LEOMM (as you would do with every other token on Hive engine) and stake it (= as LEO).
No swaps/conversions as I stated before.
Atm there's no way to know the future profitability of being a LP of wLEO/ETH, but according to some numbers by other key members, we should be expecting 100-150% APR this first trial of 3 months.
wLEO offers no advantages in 'core' features compared with hive. But wLEO allows 1 key advantage: being able to interact with all the apps in the ETH ecosystem (which are not a few).
The first main advantage besides this one is that in ethereum there are magnitudes higher in terms of volume, which opens a lot of doors for LeoFinance.
If you need to learn more, check leopedia: https://leopedia.io/wleo/
Ps. If you're using brave remember to turn DOWN your shields to help to monetise the site. Thanks!
RE: Almost LEO/HIVE parity + Extra opportunity regarding the LEO ecosystem