You're being paid 8.83% to absorb price risk. Only ~8.83% of it is real fees — and they stop covering impermanent loss if NPC-WETH diverges more than ±139%.
Real fee/staking yield: 8.83% · token emissions: 0% of the headline.
Break-even fact: a ±139% move in NPC-WETH erases a full year of the fees you actually keep (~8.83%). 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.