About 86% of this 6.60% APY is decaying token emissions. The real fee yield is ~0.95%. This pool is short volatility — fees stop covering impermanent loss if WETH-CVX diverges more than ±32%.
Real fee/staking yield: 0.95% · token emissions: 86% of the headline.
Break-even fact: a ±32% move in WETH-CVX erases a full year of the fees you actually keep (~0.95%). 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.