You're being paid 0.47% to absorb price risk. Only ~0.47% of it is real fees — and they stop covering impermanent loss if ETH-USDT diverges more than ±22%.
Real fee/staking yield: 0.47% · token emissions: 0% of the headline.
Break-even fact: a ±22% move in ETH-USDT erases a full year of the fees you actually keep (~0.47%). 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.