You're being paid 6.87% to absorb price risk. Only ~6.87% of it is real fees — and they stop covering impermanent loss if SKY- diverges more than ±115%.
Real fee/staking yield: 6.87% · token emissions: 0% of the headline.
Break-even fact: a ±115% move in SKY- erases a full year of the fees you actually keep (~6.87%). 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.