You're being paid 9.81% to absorb price risk. Only ~7.88% of it is real fees (the other ~20% is decaying emissions) — and they stop covering impermanent loss if SBUSDC-HY-MON diverges more than ±127%.
Real fee/staking yield: 7.88% · token emissions: 20% of the headline.
Break-even fact: a ±127% move in SBUSDC-HY-MON erases a full year of the fees you actually keep (~7.88%). 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.