You're being paid 17.7% to absorb price risk. Only ~17.7% of it is real fees — and they stop covering impermanent loss if ETH-USDC diverges more than ±263%.
Real fee/staking yield: 17.7% · token emissions: 0% of the headline.
Break-even fact: a ±263% move in ETH-USDC erases a full year of the fees you actually keep (~17.7%). 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.