You're being paid 0.01% to absorb price risk. Only ~0.01% of it is real fees — and they stop covering impermanent loss if DELTA-WETH diverges more than ±3.5%.
Real fee/staking yield: 0.01% · token emissions: 0% of the headline.
Break-even fact: a ±3.5% move in DELTA-WETH erases a full year of the fees you actually keep (~0.01%). 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.