You're being paid 4.36% to absorb price risk. Only ~4.36% of it is real fees — and they stop covering impermanent loss if 3F-STEAKUSDC diverges more than ±83%.
Real fee/staking yield: 4.36% · token emissions: 0% of the headline.
Break-even fact: a ±83% move in 3F-STEAKUSDC erases a full year of the fees you actually keep (~4.36%). 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.