About 97% of this 6.52% APY is decaying token emissions. The real fee yield is ~0.20%. This pool is short volatility — fees stop covering impermanent loss if MUSD-CRV2POOL diverges more than ±13%.
Real fee/staking yield: 0.20% · token emissions: 97% of the headline.
Break-even fact: a ±13% move in MUSD-CRV2POOL erases a full year of the fees you actually keep (~0.20%). 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.