About 98% of this 24.5% APY is decaying token emissions. The real fee yield is ~0.39%. This pool is short volatility — fees stop covering impermanent loss if KPK-WARS-YIELD diverges more than ±19%.
Real fee/staking yield: 0.39% · token emissions: 98% of the headline.
Break-even fact: a ±19% move in KPK-WARS-YIELD erases a full year of the fees you actually keep (~0.39%). 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.