You're being paid 7.25% to absorb price risk. Only ~7.25% of it is real fees — and they stop covering impermanent loss if UNI-WETH diverges more than ±119%.
Real fee/staking yield: 7.25% · token emissions: 0% of the headline.
Break-even fact: a ±119% move in UNI-WETH erases a full year of the fees you actually keep (~7.25%). 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.