i have a feeling the moisture content is the reason for the set,, maybe where it was stored contributed to that,,or where you are shooting it now,, is more humid,, 3 inches of set is really not that bad,, if the bow is shooting good,, if the handle is pretty stiff,,,you may be able to heat some back set into the handle that will hold,,that would reduce the set,, but if the moisture content is too high,,, it wont help much,,, you might consider recurving the tips a bit,,, as well,, but first put the bow in a dry place,, or heat box and see what it does,, if you are just going to give up on the bow and have nothing to loose,, then cut the bow in two at the handle like a splice, and re glue it with some back set,,,,it will improve the performance if the limbs are sound,, and keep the bow in the dry house,, not storage,,