You're being paid 1.02% to absorb price risk. Only ~1.02% of it is real fees — and they stop covering impermanent loss if USDC-USD₮0 diverges more than ±33%.
Real fee/staking yield: 1.02% · token emissions: 0% of the headline.
Break-even fact: a ±33% move in USDC-USD₮0 erases a full year of the fees you actually keep (~1.02%). 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.