You're being paid 9.26% to absorb price risk. Only ~9.26% of it is real fees — and they stop covering impermanent loss if ETH-USDT diverges more than ±145%.
Real fee/staking yield: 9.26% · token emissions: 0% of the headline.
Break-even fact: a ±145% move in ETH-USDT erases a full year of the fees you actually keep (~9.26%). 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.