Uniswap recently unveiled the vaunted third version of its world-beating DEX. Reactions have been mixed, primarily over the uncertainty of how V3 changes the dynamics between active and passive liquidity providers (LPs). Considering the Parsec Research piece back in the fall on the matter - Citadel's Sharpe Is Uniswap's Opportunity, a follow up is necessary. The V3 design presents as a viable attempt to invalidate the tradeoff space outlined in the piece and harmonize active and passive LPs.