You're being paid 8.27% to absorb price risk. Only ~8.27% of it is real fees — and they stop covering impermanent loss if WSOL-SWARMS diverges more than ±132%.
Real fee/staking yield: 8.27% · token emissions: 0% of the headline.
Break-even fact: a ±132% move in WSOL-SWARMS erases a full year of the fees you actually keep (~8.27%). 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.