You're being paid 9.75% to absorb price risk. Only ~9.75% of it is real fees — and they stop covering impermanent loss if POPCAT-WSOL diverges more than ±151%.
Real fee/staking yield: 9.75% · token emissions: 0% of the headline.
Break-even fact: a ±151% move in POPCAT-WSOL erases a full year of the fees you actually keep (~9.75%). 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.