You're being paid 0.08% to absorb price risk. Only ~0.08% of it is real fees — and they stop covering impermanent loss if WHYPE-KHYPE diverges more than ±8.5%.
Real fee/staking yield: 0.08% · token emissions: 0% of the headline.
Break-even fact: a ±8.5% move in WHYPE-KHYPE erases a full year of the fees you actually keep (~0.08%). 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.