You're being paid 7.35% to absorb price risk. Only ~7.35% of it is real fees — and they stop covering impermanent loss if WBTC.B-USDC diverges more than ±121%.
Real fee/staking yield: 7.35% · token emissions: 0% of the headline.
Break-even fact: a ±121% move in WBTC.B-USDC erases a full year of the fees you actually keep (~7.35%). 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.