You're being paid 3.95% to absorb price risk. Only ~3.95% of it is real fees — and they stop covering impermanent loss if KPK-USDC-PRIME diverges more than ±77%.
Real fee/staking yield: 3.95% · token emissions: 0% of the headline.
Break-even fact: a ±77% move in KPK-USDC-PRIME erases a full year of the fees you actually keep (~3.95%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.
Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.