You're being paid 5.78% to absorb price risk. Only ~5.78% of it is real fees — and they stop covering impermanent loss if SKY- diverges more than ±101%.
Real fee/staking yield: 5.78% · token emissions: 0% of the headline.
Break-even fact: a ±101% move in SKY- erases a full year of the fees you actually keep (~5.78%). 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.