You're being paid 5.53% to absorb price risk. Only ~5.53% of it is real fees — and they stop covering impermanent loss if ETH-USDC diverges more than ±98%.
Real fee/staking yield: 5.53% · token emissions: 0% of the headline.
Break-even fact: a ±98% move in ETH-USDC erases a full year of the fees you actually keep (~5.53%). 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.