You're being paid 21.6% to absorb price risk. Only ~21.5% of it is real fees (the other ~1% is decaying emissions) — and they stop covering impermanent loss if ADA-NIGHT diverges more than ±325%.
Real fee/staking yield: 21.5% · token emissions: 1% of the headline.
Break-even fact: a ±325% move in ADA-NIGHT erases a full year of the fees you actually keep (~21.5%). 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.