You're being paid 15.6% to absorb price risk. Only ~15.6% of it is real fees — and they stop covering impermanent loss if API3-DCOMP-USDC diverges more than ±232%.
Real fee/staking yield: 15.6% · token emissions: 0% of the headline.
Break-even fact: a ±232% move in API3-DCOMP-USDC erases a full year of the fees you actually keep (~15.6%). 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.