diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6699701d..eee6b569 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,26 @@
+# [3.0.0-rc.3](https://github.com/vuejs/vue-next/compare/v3.0.0-rc.2...v3.0.0-rc.3) (2020-07-21)
+
+
+### Bug Fixes
+
+* **build:** make transition tree-shakeable again ([ad199e1](https://github.com/vuejs/vue-next/commit/ad199e1a252f80c85a8e40a4b4539ad27c39505c))
+* **compiler-sfc:** `<style vars scoped>` prefixing should only apply to pre-transform source ([4951d43](https://github.com/vuejs/vue-next/commit/4951d4352605eb9f4bcbea40ecc68fc6cbc3dce2)), closes [#1623](https://github.com/vuejs/vue-next/issues/1623)
+* **compiler-sfc:** use correct importer with `useCssVars` ([#1658](https://github.com/vuejs/vue-next/issues/1658)) ([6f148d0](https://github.com/vuejs/vue-next/commit/6f148d0b9a0630dc87c741ed951c82b639e776b2))
+* **runtime-core:** do not use bail patchFlag on cloned vnodes ([6390ddf](https://github.com/vuejs/vue-next/commit/6390ddfb7d0ed83ac4bae15d0497cba4de3e1972)), closes [#1665](https://github.com/vuejs/vue-next/issues/1665)
+* **runtime-core:** fix attr fallthrough on compiled framgent w/ single static element + comments ([1af3531](https://github.com/vuejs/vue-next/commit/1af35317195772ea8f2728abc8f5ac159a5b7b75))
+* **v-model:** v-model listeners should not fallthrough to plain element root ([c852bf1](https://github.com/vuejs/vue-next/commit/c852bf18d7a51be0c3255357f0c30f39ae9bb540)), closes [#1643](https://github.com/vuejs/vue-next/issues/1643)
+* **watch:** fix watching reactive array ([#1656](https://github.com/vuejs/vue-next/issues/1656)) ([288b4ea](https://github.com/vuejs/vue-next/commit/288b4eab9e10187eb14d4d6d54dc9f077343a2a5)), closes [#1655](https://github.com/vuejs/vue-next/issues/1655)
+
+
+### Features
+
+* **compiler-core/internal:** add `onContextCreated` option to `generate` ([#1672](https://github.com/vuejs/vue-next/issues/1672)) ([615dccd](https://github.com/vuejs/vue-next/commit/615dccd00e7d85a3f4b82e62d6cb6c41f167d8c6))
+* **runtime-core:** respect function name when using `defineComponent` function shorthand ([#1661](https://github.com/vuejs/vue-next/issues/1661)) ([304830a](https://github.com/vuejs/vue-next/commit/304830a764cd9f28098cfb0ac0e520e1bb2f57c7))
+* provide ability to overwrite feature flags in esm-bundler builds ([54727f9](https://github.com/vuejs/vue-next/commit/54727f9874abe8d0c99ee153d252269ae519b45d))
+* **computed:** add readonly flag if no setter is provided ([#1654](https://github.com/vuejs/vue-next/issues/1654)) ([dabdc5e](https://github.com/vuejs/vue-next/commit/dabdc5e115514f98b5f8559a3819e96416939f43))
+
+
+
 # [3.0.0-rc.2](https://github.com/vuejs/vue-next/compare/v3.0.0-rc.1...v3.0.0-rc.2) (2020-07-19)
 
 
diff --git a/package.json b/package.json
index 8bfa9024..94444527 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "private": true,
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "workspaces": [
     "packages/*"
   ],
diff --git a/packages/compiler-core/package.json b/packages/compiler-core/package.json
index 67b6be87..c7da865f 100644
--- a/packages/compiler-core/package.json
+++ b/packages/compiler-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-core",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/compiler-core",
   "main": "index.js",
   "module": "dist/compiler-core.esm-bundler.js",
@@ -30,7 +30,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/compiler-core#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
+    "@vue/shared": "3.0.0-rc.3",
     "@babel/parser": "^7.10.4",
     "estree-walker": "^2.0.1",
     "source-map": "^0.6.1"
diff --git a/packages/compiler-dom/package.json b/packages/compiler-dom/package.json
index 25c5912c..ba321c25 100644
--- a/packages/compiler-dom/package.json
+++ b/packages/compiler-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-dom",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/compiler-dom",
   "main": "index.js",
   "module": "dist/compiler-dom.esm-bundler.js",
@@ -35,7 +35,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/compiler-dom#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
-    "@vue/compiler-core": "3.0.0-rc.2"
+    "@vue/shared": "3.0.0-rc.3",
+    "@vue/compiler-core": "3.0.0-rc.3"
   }
 }
diff --git a/packages/compiler-sfc/package.json b/packages/compiler-sfc/package.json
index a6f94f8e..c2466ae8 100644
--- a/packages/compiler-sfc/package.json
+++ b/packages/compiler-sfc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-sfc",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/compiler-sfc",
   "main": "dist/compiler-sfc.cjs.js",
   "types": "dist/compiler-sfc.d.ts",
@@ -31,14 +31,14 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/compiler-sfc#readme",
   "peerDependencies": {
-    "vue": "3.0.0-rc.2"
+    "vue": "3.0.0-rc.3"
   },
   "dependencies": {
     "@babel/parser": "^7.10.4",
-    "@vue/compiler-core": "3.0.0-rc.2",
-    "@vue/compiler-dom": "3.0.0-rc.2",
-    "@vue/compiler-ssr": "3.0.0-rc.2",
-    "@vue/shared": "3.0.0-rc.2",
+    "@vue/compiler-core": "3.0.0-rc.3",
+    "@vue/compiler-dom": "3.0.0-rc.3",
+    "@vue/compiler-ssr": "3.0.0-rc.3",
+    "@vue/shared": "3.0.0-rc.3",
     "consolidate": "^0.15.1",
     "estree-walker": "^2.0.1",
     "hash-sum": "^2.0.0",
diff --git a/packages/compiler-ssr/package.json b/packages/compiler-ssr/package.json
index 72b187ca..286e09ab 100644
--- a/packages/compiler-ssr/package.json
+++ b/packages/compiler-ssr/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-ssr",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/compiler-ssr",
   "main": "dist/compiler-ssr.cjs.js",
   "types": "dist/compiler-ssr.d.ts",
@@ -27,7 +27,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/compiler-ssr#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
-    "@vue/compiler-dom": "3.0.0-rc.2"
+    "@vue/shared": "3.0.0-rc.3",
+    "@vue/compiler-dom": "3.0.0-rc.3"
   }
 }
diff --git a/packages/reactivity/package.json b/packages/reactivity/package.json
index 6bd071df..e7b890d0 100644
--- a/packages/reactivity/package.json
+++ b/packages/reactivity/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/reactivity",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/reactivity",
   "main": "index.js",
   "module": "dist/reactivity.esm-bundler.js",
@@ -35,6 +35,6 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/reactivity#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2"
+    "@vue/shared": "3.0.0-rc.3"
   }
 }
diff --git a/packages/runtime-core/package.json b/packages/runtime-core/package.json
index be2fd650..4cd25d91 100644
--- a/packages/runtime-core/package.json
+++ b/packages/runtime-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-core",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/runtime-core",
   "main": "index.js",
   "module": "dist/runtime-core.esm-bundler.js",
@@ -31,7 +31,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/runtime-core#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
-    "@vue/reactivity": "3.0.0-rc.2"
+    "@vue/shared": "3.0.0-rc.3",
+    "@vue/reactivity": "3.0.0-rc.3"
   }
 }
diff --git a/packages/runtime-dom/package.json b/packages/runtime-dom/package.json
index b7532b0e..368d07e1 100644
--- a/packages/runtime-dom/package.json
+++ b/packages/runtime-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-dom",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/runtime-dom",
   "main": "index.js",
   "module": "dist/runtime-dom.esm-bundler.js",
@@ -34,8 +34,8 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/runtime-dom#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
-    "@vue/runtime-core": "3.0.0-rc.2",
+    "@vue/shared": "3.0.0-rc.3",
+    "@vue/runtime-core": "3.0.0-rc.3",
     "csstype": "^2.6.8"
   }
 }
diff --git a/packages/runtime-test/package.json b/packages/runtime-test/package.json
index 5ab4c735..5dd9bef0 100644
--- a/packages/runtime-test/package.json
+++ b/packages/runtime-test/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-test",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/runtime-test",
   "private": true,
   "main": "index.js",
@@ -24,7 +24,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/runtime-test#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
-    "@vue/runtime-core": "3.0.0-rc.2"
+    "@vue/shared": "3.0.0-rc.3",
+    "@vue/runtime-core": "3.0.0-rc.3"
   }
 }
diff --git a/packages/server-renderer/package.json b/packages/server-renderer/package.json
index 620a947b..ff0e50b2 100644
--- a/packages/server-renderer/package.json
+++ b/packages/server-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/server-renderer",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "@vue/server-renderer",
   "main": "index.js",
   "types": "dist/server-renderer.d.ts",
@@ -27,10 +27,10 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/server-renderer#readme",
   "peerDependencies": {
-    "vue": "3.0.0-rc.2"
+    "vue": "3.0.0-rc.3"
   },
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
-    "@vue/compiler-ssr": "3.0.0-rc.2"
+    "@vue/shared": "3.0.0-rc.3",
+    "@vue/compiler-ssr": "3.0.0-rc.3"
   }
 }
diff --git a/packages/shared/package.json b/packages/shared/package.json
index c1d9d0f1..74816f9e 100644
--- a/packages/shared/package.json
+++ b/packages/shared/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/shared",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "internal utils shared across @vue packages",
   "main": "index.js",
   "module": "dist/shared.esm-bundler.js",
diff --git a/packages/size-check/package.json b/packages/size-check/package.json
index 7415e25b..266eab78 100644
--- a/packages/size-check/package.json
+++ b/packages/size-check/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/size-check",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "private": true,
   "buildOptions": {
     "name": "Vue",
diff --git a/packages/template-explorer/package.json b/packages/template-explorer/package.json
index e23bef20..68105d00 100644
--- a/packages/template-explorer/package.json
+++ b/packages/template-explorer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/template-explorer",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "private": true,
   "buildOptions": {
     "formats": [
diff --git a/packages/vue/package.json b/packages/vue/package.json
index 2b9e70b0..0d9a0d1b 100644
--- a/packages/vue/package.json
+++ b/packages/vue/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue",
-  "version": "3.0.0-rc.2",
+  "version": "3.0.0-rc.3",
   "description": "vue",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",
@@ -37,9 +37,9 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/vue#readme",
   "dependencies": {
-    "@vue/shared": "3.0.0-rc.2",
-    "@vue/compiler-dom": "3.0.0-rc.2",
-    "@vue/runtime-dom": "3.0.0-rc.2"
+    "@vue/shared": "3.0.0-rc.3",
+    "@vue/compiler-dom": "3.0.0-rc.3",
+    "@vue/runtime-dom": "3.0.0-rc.3"
   },
   "devDependencies": {
     "lodash": "^4.17.15",