About 99% of this 13.1% APY is decaying token emissions. The real fee yield is ~0.13%. This pool is short volatility — fees stop covering impermanent loss if CRV-CVXCRV diverges more than ±11%.
Real fee/staking yield: 0.13% · token emissions: 99% of the headline.
Break-even fact: a ±11% move in CRV-CVXCRV erases a full year of the fees you actually keep (~0.13%). 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.