You're being paid 2.97% to absorb price risk. Only ~2.97% of it is real fees — and they stop covering impermanent loss if KPK-ETH-YIELD diverges more than ±64%.
Real fee/staking yield: 2.97% · token emissions: 0% of the headline.
Break-even fact: a ±64% move in KPK-ETH-YIELD erases a full year of the fees you actually keep (~2.97%). 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.